Insider Selling: CAVA Group, Inc. (NYSE:CAVA) CFO Sells 2,086 Shares of Stock

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia K. Tolivar sold 2,086 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $248,609.48. Following the completion of the transaction, the chief financial officer now directly owns 235,592 shares of the company’s stock, valued at approximately $28,077,854.56. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CAVA Group Stock Up 0.6 %

Shares of CAVA Group stock traded up $0.75 on Thursday, hitting $124.14. 2,206,444 shares of the company were exchanged, compared to its average volume of 2,118,121. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 269.87 and a beta of 3.21. The company has a 50-day moving average price of $126.66 and a 200 day moving average price of $118.09. CAVA Group, Inc. has a 1-year low of $44.80 and a 1-year high of $172.43.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The business’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. Research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

Institutional Trading of CAVA Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAVA. Conway Capital Management Inc. acquired a new position in shares of CAVA Group during the third quarter worth $5,524,000. SpiderRock Advisors LLC grew its stake in shares of CAVA Group by 8.9% during the third quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock worth $59,364,000 after purchasing an additional 39,319 shares in the last quarter. Xponance Inc. boosted its stake in CAVA Group by 95.2% in the second quarter. Xponance Inc. now owns 9,846 shares of the company’s stock valued at $913,000 after acquiring an additional 4,803 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in CAVA Group by 262.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock valued at $63,918,000 after acquiring an additional 373,835 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in CAVA Group by 36.8% in the third quarter. PFG Investments LLC now owns 15,907 shares of the company’s stock valued at $1,970,000 after acquiring an additional 4,275 shares in the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CAVA shares. Morgan Stanley upped their price objective 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. Citigroup upped their price objective on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Barclays reduced their price target on CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. UBS Group reduced their price target on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $142.13.

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.