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

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia K. Tolivar sold 1,505 shares of CAVA Group stock in a transaction that occurred 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 sale, the chief financial officer now owns 234,087 shares of the company’s stock, valued at approximately $29,118,081.93. This represents a 0.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CAVA Group Price Performance

Shares of CAVA stock opened at $135.27 on Thursday. The company has a fifty day moving average price of $125.38 and a two-hundred day moving average price of $119.44. 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, Inc. has a one year low of $46.56 and a one 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 for the quarter, topping the consensus estimate 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 analysts’ expectations of $233.05 million. During the same quarter in the previous year, the company earned $0.06 EPS. The business’s revenue was up 38.9% on a year-over-year basis. As a group, equities research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On CAVA Group

Several institutional investors have recently made changes to their positions in CAVA. FMR LLC increased its stake in CAVA Group by 0.9% during the 3rd quarter. FMR LLC now owns 3,485,033 shares of the company’s stock worth $431,621,000 after acquiring an additional 29,668 shares during the period. Jennison Associates LLC increased its position in shares of CAVA Group by 36,658.7% in 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. Two Sigma Advisers LP raised its stake in CAVA Group by 17.0% in the third quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock valued at $273,820,000 after purchasing an additional 321,800 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in CAVA Group by 1.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,358,250 shares of the company’s stock worth $168,219,000 after purchasing an additional 19,493 shares during the period. Finally, State Street Corp grew its holdings in shares of CAVA Group by 33.3% during the third quarter. State Street Corp now owns 1,267,333 shares of the company’s stock worth $156,959,000 after purchasing an additional 316,514 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on CAVA shares. UBS Group lowered their target price on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. TD Cowen boosted their price target on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Loop Capital increased their price objective on CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Citigroup boosted their target price on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley raised their price target 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. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, CAVA Group has a consensus rating of “Moderate Buy” and an average price target of $142.13.

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.