CAVA Group, Inc. (NYSE:CAVA) Director Sells $2,100,000.00 in Stock

CAVA Group, Inc. (NYSE:CAVA) Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the sale, the director now owns 1,307 shares in the company, valued at approximately $182,980. The trade was a 91.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CAVA Group Price Performance

Shares of CAVA Group stock opened at $141.18 on Wednesday. CAVA Group, Inc. has a 1 year low of $31.47 and a 1 year high of $172.43. The firm has a market cap of $16.18 billion, a PE ratio of 306.90 and a beta of 3.23. The company has a 50 day simple moving average of $132.03 and a two-hundred day simple moving average of $105.21.

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

Hedge Funds Weigh In On CAVA Group

A number of hedge funds and other institutional investors have recently modified their holdings of CAVA. Nwam LLC lifted its position in CAVA Group by 2.6% in the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after buying an additional 85 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of CAVA Group by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after purchasing an additional 110 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of CAVA Group by 6.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after purchasing an additional 113 shares during the last quarter. GAMMA Investing LLC raised its position in CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 125 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in CAVA Group by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock worth $3,632,000 after purchasing an additional 184 shares during the last quarter. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citigroup boosted their price objective on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. UBS Group started coverage on shares of CAVA Group in a report on Friday, September 27th. They issued a “neutral” rating and a $135.00 price objective for the company. TD Cowen boosted their target price on shares of CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Barclays raised their price target on CAVA Group from $113.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Jefferies Financial Group boosted their price objective on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CAVA Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.71.

CAVA Group Company Profile

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.