Fintel reports that on September 15, 2023, Loop Capital initiated coverage of Cava Group (NYSE:CAVA) with a Hold recommendation.
Analyst Price Forecast Suggests 44.26% Upside
As of August 31, 2023, the average one-year price target for Cava Group is 52.02. The forecasts range from a low of 45.45 to a high of $60.90. The average price target represents an increase of 44.26% from its latest reported closing price of 36.06.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cava Group is 720MM, an increase of 11.63%. The projected annual non-GAAP EPS is -0.09.
What are Other Shareholders Doing?
Artal Group holds 32,008K shares representing 28.18% ownership of the company.
T. Rowe Price Investment Management holds 12,673K shares representing 11.16% ownership of the company.
Revolution Growth Management holds 6,475K shares representing 5.70% ownership of the company.
Price T Rowe Associates holds 5,894K shares representing 5.19% ownership of the company.
SMCWX - SMALLCAP WORLD FUND INC holds 2,500K shares representing 2.20% ownership of the company.
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This story originally appeared on Fintel.
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