Insider Selling: CAVA Group, Inc. (NYSE:CAVA) CAO Sells 615 Shares of Stock

CAVA Group, Inc. (NYSE:CAVA) CAO Adam David Phillips sold 615 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $76,499.85. Following the sale, the chief accounting officer now owns 10,884 shares in the company, valued at $1,353,860.76. This trade represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CAVA Group Trading Up 7.4 %

CAVA Group stock traded up $9.31 during mid-day trading on Wednesday, hitting $135.27. The company’s stock had a trading volume of 3,500,334 shares, compared to its average volume of 2,087,557. The stock’s fifty day moving average is $125.46 and its two-hundred day moving average is $119.33. The firm has a market capitalization of $15.50 billion, a PE ratio of 294.06 and a beta of 3.21. CAVA Group, Inc. has a 1 year low of $46.56 and a 1 year high of $172.43.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The firm had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. During the same period last year, the company earned $0.06 EPS. The company’s quarterly revenue was up 38.9% on a year-over-year basis. On average, equities analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on CAVA. Barclays dropped their price target on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Loop Capital lifted their target price on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. UBS Group reduced their price target on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Citigroup lifted their price objective on CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Wedbush raised their target price on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, CAVA Group currently has an average rating of “Moderate Buy” and a consensus target price of $142.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 125 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of CAVA Group during the fourth quarter worth about $47,000. R Squared Ltd purchased a new position in CAVA Group in the 4th quarter valued at approximately $49,000. Sunbelt Securities Inc. acquired a new position in CAVA Group during the 3rd quarter worth $50,000. Finally, Burkett Financial Services LLC purchased a new stake in CAVA Group during the 4th quarter worth about $56,000. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

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.