Nepsis Inc. Has $8.49 Million Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Nepsis Inc. cut its stake in CAVA Group, Inc. (NYSE:CAVA) by 49.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 75,290 shares of the company’s stock after selling 72,217 shares during the period. CAVA Group accounts for approximately 1.2% of Nepsis Inc.’s investment portfolio, making the stock its 19th biggest holding. Nepsis Inc.’s holdings in CAVA Group were worth $8,493,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Nwam LLC grew its holdings in CAVA Group by 2.6% in the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock valued at $417,000 after buying an additional 85 shares in the last quarter. Howard Financial Services LTD. grew its stake in shares of CAVA Group by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock valued at $699,000 after acquiring an additional 109 shares in the last quarter. CIBC Asset Management Inc increased its position in CAVA Group by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock worth $407,000 after acquiring an additional 110 shares during the period. Farther Finance Advisors LLC raised 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 purchasing an additional 113 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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 purchasing an additional 114 shares during the period. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Stock Up 0.8 %

NYSE CAVA opened at $124.97 on Friday. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 271.68 and a beta of 3.21. CAVA Group, Inc. has a twelve month low of $44.80 and a twelve month high of $172.43. The business’s fifty day moving average is $126.05 and its 200 day moving average is $118.34.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 9.10% and a net margin of 5.88%. The business’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. On average, research analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CAVA shares. Wedbush lifted their price target on shares of CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. UBS Group dropped their price objective on CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Sanford C. Bernstein assumed coverage on CAVA Group in a report on Wednesday, November 20th. They set a “market perform” rating and a $145.00 target price on the stock. Stifel Nicolaus upped their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, William Blair reissued an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. Eight 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, CAVA Group presently has a consensus rating of “Moderate Buy” and an average target price of $142.13.

Insider Buying and Selling at CAVA Group

In other news, Director Karen Kochevar sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the transaction, the director now directly owns 1,307 shares in the company, valued at $182,980. This trade represents a 91.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald M. Shaich sold 622,549 shares of the company’s stock in a transaction that occurred 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 $942,265.80. The trade was a 99.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 676,050 shares of company stock worth $100,043,120. 12.10% of the stock is currently owned by company insiders.

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.