Karen Kochevar Sells 15,000 Shares of CAVA Group, Inc. (NYSE:CAVA) Stock

CAVA Group, Inc. (NYSE:CAVA) Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $142.23, for a total value of $2,133,450.00. Following the transaction, the director now directly owns 1,307 shares of the company’s stock, valued at approximately $185,894.61. The trade was a 91.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Karen Kochevar also recently made the following trade(s):

• On Friday, November 15th, Karen Kochevar sold 15,000 shares of CAVA Group stock. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00.

CAVA Group Price Performance

NYSE CAVA opened at $144.83 on Friday. CAVA Group, Inc. has a one year low of $31.47 and a one year high of $172.43. The business has a 50 day simple moving average of $133.21 and a 200 day simple moving average of $106.20. The stock has a market capitalization of $16.59 billion, a P/E ratio of 314.85 and a beta of 3.23.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate 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 business’s revenue was up 38.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. Equities analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On CAVA Group

A number of large investors have recently modified their holdings of the company. Nwam LLC lifted its position 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 acquiring an additional 85 shares in the last quarter. CIBC Asset Management Inc boosted 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 valued at $407,000 after buying an additional 110 shares during the last quarter. Farther Finance Advisors LLC raised its position in CAVA Group by 6.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after buying an additional 113 shares during the last quarter. 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 valued at $38,000 after acquiring an additional 125 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in CAVA Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock worth $3,632,000 after acquiring an additional 184 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CAVA has been the topic of a number of research analyst reports. Citigroup raised their target price on shares of CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Stifel Nicolaus boosted their price objective on CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Robert W. Baird lifted their price target on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Barclays boosted their target price on shares of CAVA Group from $113.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Argus raised their price target on shares of CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.80.

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.