Insider Selling: CAVA Group, Inc. (NYSE:CAVA) Insider Sells 851 Shares of Stock

CAVA Group, Inc. (NYSE:CAVA) insider Theodoros Xenohristos sold 851 shares of CAVA Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $101,422.18. Following the transaction, the insider now owns 358,995 shares of the company’s stock, valued at $42,785,024.10. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CAVA Group Stock Performance

CAVA Group stock opened at $124.97 on Friday. CAVA Group, Inc. has a 52 week low of $44.80 and a 52 week high of $172.43. The stock has a market capitalization of $14.32 billion, a P/E ratio of 271.68 and a beta of 3.21. The stock has a fifty day moving average of $126.05 and a 200-day moving average of $118.34.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $243.82 million during the quarter, compared to analysts’ expectations of $233.05 million. During the same quarter in the previous year, the firm earned $0.06 EPS. CAVA Group’s revenue was up 38.9% on a year-over-year basis. On average, research analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On CAVA Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Conway Capital Management Inc. acquired a new position in CAVA Group in the 3rd quarter worth about $5,524,000. SpiderRock Advisors LLC grew its position in shares of CAVA Group by 8.9% in the 3rd quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock valued at $59,364,000 after buying an additional 39,319 shares during the last quarter. Xponance Inc. grew its position in shares of CAVA Group by 95.2% in the 2nd quarter. Xponance Inc. now owns 9,846 shares of the company’s stock valued at $913,000 after buying an additional 4,803 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of CAVA Group by 262.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock valued at $63,918,000 after buying an additional 373,835 shares during the last quarter. Finally, PFG Investments LLC grew its position in shares of CAVA Group by 36.8% in the 3rd quarter. PFG Investments LLC now owns 15,907 shares of the company’s stock valued at $1,970,000 after buying an additional 4,275 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Analyst Upgrades and Downgrades

CAVA has been the subject of several research analyst reports. Loop Capital lifted their target price on CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. William Blair reiterated an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lifted their target price on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Morgan Stanley lifted their target price on CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus lifted their target price on CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

About CAVA Group

CAVA Group, Inc owns and operates a chain of restaurants under the CAVA brand in the United States. The company also offers dips, spreads, and dressings through grocery stores. In addition, the company provides online and mobile ordering platforms. Cava Group, Inc was founded in 2006 and is headquartered in Washington, the District of Columbia.