Tricia K. Tolivar Sells 1,505 Shares of CAVA Group, Inc. (NYSE:CAVA) Stock

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia K. Tolivar sold 1,505 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $187,206.95. Following the completion of the sale, the chief financial officer now directly owns 234,087 shares of the company’s stock, valued at $29,118,081.93. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CAVA Group Trading Up 7.4 %

CAVA Group stock traded up $9.31 during midday trading on Wednesday, hitting $135.27. The stock had a trading volume of 3,500,334 shares, compared to its average volume of 2,087,557. The business has a fifty day moving average price of $125.46 and a 200 day moving average price of $119.33. CAVA Group, Inc. has a 12 month low of $46.56 and a 12 month high of $172.43. The stock has a market cap of $15.50 billion, a P/E ratio of 294.06 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $243.82 million during 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, equities analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CAVA. William Blair reiterated an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. 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. UBS Group decreased their price target on CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Morgan Stanley lifted their price objective on shares of CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Finally, Wedbush upped their target price on shares of CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, CAVA Group has an average rating of “Moderate Buy” and a consensus target price of $142.13.

Hedge Funds Weigh In On CAVA Group

A number of large investors have recently bought and sold shares of CAVA. Nwam LLC lifted its holdings in shares of CAVA Group by 2.6% in the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after purchasing an additional 85 shares during the last quarter. Howard Financial Services LTD. boosted its holdings 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 acquiring an additional 109 shares during the period. CIBC Asset Management Inc grew its position in shares of 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 last quarter. Farther Finance Advisors LLC increased its holdings in shares of 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 acquiring an additional 113 shares during the period. Finally, GAMMA Investing LLC lifted 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 purchasing an additional 114 shares during the last quarter. Institutional investors own 73.15% of the company’s stock.

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.