Insider Selling: CAVA Group, Inc. (NYSE:CAVA) Director Sells 15,000 Shares of Stock

CAVA Group, Inc. (NYSE:CAVA) Director Karen Kochevar sold 15,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the sale, the director now owns 1,307 shares of the company’s stock, valued at $185,894.61. This trade represents a 91.99 % decrease in their position. The sale was disclosed in a document filed 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 stock was sold at an average price of $140.00, for a total value of $2,100,000.00.

CAVA Group Stock Performance

CAVA Group stock traded up $2.30 during midday trading on Friday, reaching $147.10. 710,756 shares of the company were exchanged, compared to its average volume of 2,778,602. The firm’s 50-day simple moving average is $133.21 and its 200-day simple moving average is $106.20. CAVA Group, Inc. has a 1 year low of $31.47 and a 1 year high of $172.43. The company has a market capitalization of $16.85 billion, a price-to-earnings ratio of 314.88 and a beta of 3.23.

CAVA Group (NYSE:CAVA) last released its quarterly 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. The company had revenue of $243.82 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 38.9% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. On average, analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wedbush increased their price target on CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. UBS Group started coverage on shares of CAVA Group in a research note on Friday, September 27th. They issued a “neutral” rating and a $135.00 target price for the company. TD Securities lifted their target price on shares of CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Loop Capital increased their price target on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group lifted their price objective on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, CAVA Group has a consensus rating of “Moderate Buy” and an average target price of $143.80.

Institutional Investors Weigh In On CAVA Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nwam LLC lifted its position in CAVA Group by 2.6% during the third quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after buying an additional 85 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of CAVA Group by 3.5% during the 3rd 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 period. Farther Finance Advisors LLC boosted its position in shares of CAVA Group by 6.3% in the third 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 last quarter. GAMMA Investing LLC grew its holdings in CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares during the period. Finally, Dimensional Fund Advisors LP increased 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 worth $3,632,000 after purchasing an additional 184 shares during the last quarter. 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.