Brett Schulman Sells 2,936 Shares of CAVA Group, Inc. (NYSE:CAVA) Stock

CAVA Group, Inc. (NYSE:CAVA) CEO Brett Schulman sold 2,936 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $365,209.04. Following the sale, the chief executive officer now directly owns 773,433 shares of the company’s stock, valued at $96,207,330.87. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Brett Schulman also recently made the following trade(s):

• On Tuesday, January 21st, Brett Schulman sold 20,564 shares of CAVA Group stock. The shares were sold at an average price of $119.18, for a total transaction of $2,450,817.52.

CAVA Group Stock Performance

Shares of NYSE CAVA opened at $138.89 on Friday. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 301.94 and a beta of 3.21. CAVA Group, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $172.43. The firm’s 50-day simple moving average is $125.26 and its 200 day simple moving average is $119.58.

CAVA Group (NYSE:CAVA) last announced its earnings results 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. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $243.82 million for the quarter, compared to analysts’ expectations of $233.05 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. CAVA Group’s quarterly revenue was up 38.9% on a year-over-year basis. On average, sell-side analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current year.

Institutional Trading of CAVA Group

Several institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in CAVA Group by 369.2% during the fourth quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after purchasing an additional 192 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after buying an additional 125 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of CAVA Group in the 4th quarter worth approximately $47,000. R Squared Ltd bought a new position in shares of CAVA Group in the fourth quarter valued at approximately $49,000. Finally, Principal Securities Inc. increased its position in shares of CAVA Group by 263.3% during the fourth quarter. Principal Securities Inc. now owns 436 shares of the company’s stock valued at $49,000 after acquiring an additional 316 shares during the last quarter. Institutional investors own 73.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Piper Sandler boosted their price objective on CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Citigroup raised their target price on CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. TD Cowen boosted their price target on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Loop Capital raised their price objective on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, CAVA Group currently 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.