Brett Schulman Sells 20,564 Shares of CAVA Group, Inc. (NYSE:CAVA) Stock

CAVA Group, Inc. (NYSE:CAVA) CEO Brett Schulman sold 20,564 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the completion of the sale, the chief executive officer now directly owns 776,369 shares of the company’s stock, valued at approximately $92,527,657.42. The trade was a 2.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CAVA Group Trading Up 0.6 %

Shares of NYSE:CAVA opened at $124.14 on Friday. The firm has a 50 day simple moving average of $126.66 and a 200-day simple moving average of $118.09. CAVA Group, Inc. has a twelve month low of $44.80 and a twelve month high of $172.43. The company has a market capitalization of $14.22 billion, a PE ratio of 269.87 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. CAVA Group’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. As a group, equities research analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Trading of CAVA Group

A number of large investors have recently made changes to their positions in CAVA. Strategic Blueprint LLC lifted its stake in CAVA Group by 5.4% in the fourth quarter. Strategic Blueprint LLC now owns 10,942 shares of the company’s stock valued at $1,234,000 after buying an additional 561 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of CAVA Group in the 4th quarter valued at $334,000. R Squared Ltd purchased a new stake in CAVA Group in the 4th quarter valued at $49,000. Perigon Wealth Management LLC raised its position in CAVA Group by 89.7% in the 4th quarter. Perigon Wealth Management LLC now owns 4,099 shares of the company’s stock valued at $482,000 after purchasing an additional 1,938 shares during the last quarter. Finally, KBC Group NV boosted its stake in CAVA Group by 114.8% during the 4th quarter. KBC Group NV now owns 3,433 shares of the company’s stock worth $387,000 after purchasing an additional 1,835 shares during the period. 73.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Barclays dropped their price objective on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. William Blair restated an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, Wedbush lifted their price target on shares of CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Eight research 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.13.

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.