CAVA Group, Inc. (NYSE:CAVA) CFO Sells $248,609.48 in Stock

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia K. Tolivar sold 2,086 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $248,609.48. Following the transaction, the chief financial officer now directly owns 235,592 shares in the company, valued at approximately $28,077,854.56. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CAVA Group Stock Performance

NYSE CAVA opened at $124.97 on Friday. CAVA Group, Inc. has a 52-week low of $44.80 and a 52-week high of $172.43. The company has a 50-day simple moving average of $126.05 and a 200 day simple moving average of $118.54. The company has a market capitalization of $14.32 billion, a PE ratio of 271.68 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last posted 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 net margin of 5.88% and a return on equity of 9.10%. The business had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. During the same quarter last year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 38.9% compared to the same quarter last year. As a group, analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on CAVA shares. Morgan Stanley increased their target price on shares of CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Citigroup upped their price objective on shares of CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Stifel Nicolaus upped their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Piper Sandler upped their price objective on shares of CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, Wedbush upped their price objective on shares of CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a 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’s stock. According to MarketBeat.com, CAVA Group has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

Institutional Trading of CAVA Group

A number of large investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC boosted its position in CAVA Group by 36,658.7% during the fourth quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock worth $277,683,000 after purchasing an additional 2,455,035 shares during the period. S.A. Mason LLC bought a new position in CAVA Group during the fourth quarter worth about $431,000. Spire Wealth Management bought a new position in CAVA Group during the fourth quarter worth about $1,052,000. Strategic Blueprint LLC boosted its position in CAVA Group by 5.4% during the fourth quarter. Strategic Blueprint LLC now owns 10,942 shares of the company’s stock worth $1,234,000 after purchasing an additional 561 shares during the period. Finally, Robeco Institutional Asset Management B.V. bought a new position in CAVA Group during the fourth quarter worth about $334,000. Hedge funds and other 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.