Ridgewood Investments LLC Sells 200 Shares of CAVA Group, Inc. (NYSE:CAVA)

Ridgewood Investments LLC decreased its position in CAVA Group, Inc. (NYSE:CAVA) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,195 shares of the company’s stock after selling 200 shares during the quarter. Ridgewood Investments LLC’s holdings in CAVA Group were worth $248,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC bought a new position in shares of CAVA Group in the second quarter valued at approximately $28,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of CAVA Group in the second quarter worth $36,000. Headlands Technologies LLC acquired a new stake in shares of CAVA Group in the second quarter worth $37,000. GAMMA Investing LLC grew its stake in shares of CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 125 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of CAVA Group in the third quarter worth $50,000. Institutional investors own 73.15% of the company’s stock.

Insider Activity at CAVA Group

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the completion of the transaction, the director now owns 6,307 shares of the company’s stock, valued at $942,265.80. This represents a 99.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Karen Kochevar sold 15,000 shares of the company’s stock in a transaction that occurred on 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. This trade represents a 91.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 652,549 shares of company stock worth $97,242,271. 12.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CAVA shares. Citigroup raised their price objective on shares of CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Stifel Nicolaus lifted their price target on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley lifted 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. Sanford C. Bernstein started coverage on shares of CAVA Group in a research note on Wednesday, November 20th. They set a “market perform” rating and a $145.00 price target on the stock. Finally, Loop Capital lifted their price target on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

CAVA Group Trading Down 1.3 %

Shares of CAVA stock traded down $1.47 on Friday, reaching $113.12. The company had a trading volume of 502,937 shares, compared to its average volume of 2,130,946. The stock has a market cap of $12.96 billion, a PE ratio of 245.91 and a beta of 3.21. The company has a 50-day moving average of $130.92 and a 200-day moving average of $116.46. CAVA Group, Inc. has a 12 month low of $41.61 and a 12 month high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $243.82 million during the quarter, compared to analysts’ expectations of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. CAVA Group’s revenue was up 38.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. Sell-side analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

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.