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 business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $248,609.48. Following the sale, the chief financial officer now directly owns 235,592 shares in the company, valued at $28,077,854.56. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CAVA Group Stock Performance

NYSE CAVA opened at $124.97 on Friday. The company has a market cap of $14.32 billion, a PE ratio of 271.68 and a beta of 3.21. The firm’s 50 day moving average price is $126.05 and its 200-day moving average price is $118.34. CAVA Group, Inc. has a 52-week low of $44.80 and a 52-week high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $243.82 million for the quarter, compared to the consensus estimate 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 was up 38.9% compared to the same quarter last year. During the same period last year, the business posted $0.06 EPS. On average, analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CAVA shares. Loop Capital boosted their target price on CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Stifel Nicolaus boosted their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Barclays dropped their price target on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. Finally, TD Cowen upped their target price on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

Institutional Trading of CAVA Group

A number of institutional investors have recently modified their holdings of CAVA. Conway Capital Management Inc. purchased a new stake in CAVA Group during the third quarter valued at approximately $5,524,000. SpiderRock Advisors LLC lifted its holdings in shares of CAVA Group by 8.9% during the 3rd quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock valued at $59,364,000 after purchasing an additional 39,319 shares during the last quarter. Xponance Inc. grew its stake in CAVA Group by 95.2% during the 2nd quarter. Xponance Inc. now owns 9,846 shares of the company’s stock worth $913,000 after buying an additional 4,803 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in CAVA Group by 262.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock valued at $63,918,000 after buying an additional 373,835 shares in the last quarter. Finally, PFG Investments LLC raised 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 buying an additional 4,275 shares during the last quarter. 73.15% of the stock is currently owned by 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.