CAVA Group, Inc. (NYSE:CAVA) Shares Sold by Liberty One Investment Management LLC

Liberty One Investment Management LLC decreased its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 44.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,412 shares of the company’s stock after selling 5,906 shares during the period. Liberty One Investment Management LLC’s holdings in CAVA Group were worth $836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in CAVA Group during the 4th quarter worth approximately $3,985,000. Howard Financial Services LTD. increased its position 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 worth $699,000 after acquiring an additional 109 shares during the period. Empirical Asset Management LLC acquired a new stake in shares of CAVA Group in the fourth quarter valued at $4,882,000. Cypress Wealth Services LLC boosted its holdings in CAVA Group by 3.4% in the fourth quarter. Cypress Wealth Services LLC now owns 4,915 shares of the company’s stock valued at $554,000 after purchasing an additional 160 shares during the period. Finally, PSI Advisors LLC grew its stake in CAVA Group by 11.3% during the 4th quarter. PSI Advisors LLC now owns 1,473 shares of the company’s stock worth $166,000 after purchasing an additional 150 shares in the last quarter. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

CAVA Group Trading Up 0.6 %

Shares of NYSE CAVA opened at $118.21 on Friday. The stock has a market cap of $13.54 billion, a P/E ratio of 256.98 and a beta of 3.21. CAVA Group, Inc. has a twelve month low of $43.51 and a twelve month high of $172.43. The stock has a 50 day moving average of $128.22 and a two-hundred day moving average of $117.55.

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. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. During the same quarter in the prior year, the firm earned $0.06 EPS. CAVA Group’s revenue for the quarter was up 38.9% on a year-over-year basis. As a group, research analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ronald M. Shaich sold 622,549 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $149.40, for a total value of $93,008,820.60. Following the completion of the sale, the director now owns 6,307 shares in the company, valued at approximately $942,265.80. This trade represents a 99.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the completion of the sale, the director now directly owns 1,307 shares in the company, valued at approximately $185,894.61. The trade was a 91.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 652,549 shares of company stock valued at $97,242,271 over the last quarter. 12.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

CAVA has been the topic of a number of analyst reports. Morgan Stanley increased their price target on CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their target price on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Piper Sandler boosted their price target on shares of CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Robert W. Baird raised their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, TD Securities boosted their target price on shares of CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $142.13.

CAVA Group 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.