CAVA Group, Inc. (NYSE:CAVA) CFO Sells $187,206.95 in Stock

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia K. Tolivar sold 1,505 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $187,206.95. Following the sale, the chief financial officer now owns 234,087 shares of the company’s stock, valued at $29,118,081.93. This represents a 0.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CAVA Group Stock Up 2.6 %

CAVA stock opened at $138.89 on Friday. CAVA Group, Inc. has a twelve month low of $46.56 and a twelve month high of $172.43. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 301.94 and a beta of 3.21. The firm’s fifty day simple moving average is $125.26 and its two-hundred day simple moving average is $119.58.

CAVA Group (NYSE:CAVA) last issued 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 company had revenue of $243.82 million for 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 prior year, the firm posted $0.06 EPS. As a group, equities research analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Citigroup raised their target price on shares of CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein started coverage on shares of CAVA Group in a research note on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price target on the stock. 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 report on Thursday, November 14th. Finally, William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, CAVA Group presently has a consensus rating of “Moderate Buy” and an average target price of $142.13.

Institutional Investors Weigh In On CAVA Group

Several hedge funds and other institutional investors have recently modified their holdings of CAVA. Nwam LLC boosted its holdings in CAVA Group by 2.6% during the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock valued at $417,000 after acquiring an additional 85 shares during the period. Howard Financial Services LTD. boosted its stake in shares of CAVA Group by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock valued at $699,000 after purchasing an additional 109 shares during the period. CIBC Asset Management Inc grew its holdings in shares of CAVA Group by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock worth $407,000 after purchasing an additional 110 shares during the last quarter. Farther Finance Advisors LLC increased its stake in CAVA Group by 6.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock worth $237,000 after buying an additional 113 shares during the period. Finally, GAMMA Investing LLC boosted its position in CAVA Group by 37.0% in the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after buying an additional 114 shares during the period. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

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.