SJS Investment Consulting Inc. Cuts Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

SJS Investment Consulting Inc. reduced its position in CAVA Group, Inc. (NYSE:CAVA) by 75.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 385 shares of the company’s stock after selling 1,168 shares during the period. SJS Investment Consulting Inc.’s holdings in CAVA Group were worth $43,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CAVA. American Century Companies Inc. bought a new position in CAVA Group during the 2nd quarter valued at about $309,000. Dimensional Fund Advisors LP lifted its position in CAVA Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock valued at $3,632,000 after purchasing an additional 184 shares during the period. Amalgamated Bank boosted its holdings in CAVA Group by 76.5% in the second quarter. Amalgamated Bank now owns 5,098 shares of the company’s stock worth $473,000 after purchasing an additional 2,210 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in CAVA Group in the 2nd quarter worth approximately $257,000. Finally, Public Employees Retirement Association of Colorado purchased a new stake in CAVA Group during the 2nd quarter valued at $396,000. 73.15% of the stock is owned by institutional investors.

CAVA Group Stock Performance

Shares of CAVA stock opened at $124.97 on Friday. The stock has a fifty day simple moving average of $126.05 and a two-hundred day simple moving average of $118.34. The firm has a market capitalization of $14.32 billion, a PE ratio of 271.68 and a beta of 3.21. CAVA Group, Inc. has a 52-week low of $44.80 and a 52-week high of $172.43.

CAVA Group (NYSE:CAVA) last released its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $233.05 million. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was up 38.9% on a year-over-year basis. On average, sell-side analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CAVA shares. Sanford C. Bernstein started coverage on CAVA Group in a research note on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price target on the stock. Piper Sandler raised their target price on CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Barclays reduced 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 report on Tuesday, January 7th. Robert W. Baird raised their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, William Blair reaffirmed 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 given a buy rating to the company. According to MarketBeat, CAVA Group has a consensus rating of “Moderate Buy” and an average price target of $142.13.

Insider Buying and Selling at CAVA Group

In related news, CEO Brett Schulman sold 20,564 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $2,450,817.52. Following the sale, the chief executive officer now directly owns 776,369 shares in the company, valued at approximately $92,527,657.42. The trade was a 2.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $101,422.18. Following the transaction, the insider now owns 358,995 shares of the company’s stock, valued at $42,785,024.10. This represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 676,050 shares of company stock valued at $100,043,120 in the last three months. 12.10% of the stock is currently owned by corporate insiders.

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.