CAVA Group, Inc. (NYSE:CAVA – Get Free Report) CEO Brett Schulman sold 201,504 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.53, for a total value of $25,294,797.12. Following the completion of the sale, the chief executive officer now directly owns 702,590 shares in the company, valued at $88,196,122.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Brett Schulman also recently made the following trade(s):
- On Friday, June 14th, Brett Schulman sold 66,414 shares of CAVA Group stock. The stock was sold at an average price of $90.11, for a total transaction of $5,984,565.54.
CAVA Group Trading Up 2.9 %
CAVA Group stock opened at $114.03 on Friday. The stock has a market cap of $13.00 billion, a P/E ratio of 278.12 and a beta of 3.27. The company has a 50-day moving average price of $92.21 and a 200 day moving average price of $78.10. CAVA Group, Inc. has a 12-month low of $29.05 and a 12-month high of $128.18.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on CAVA shares. Piper Sandler cut shares of CAVA Group from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $63.00 to $92.00 in a research note on Thursday, May 30th. Jefferies Financial Group increased their target price on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. lifted their price target on CAVA Group from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Citigroup increased their price objective on CAVA Group from $93.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Finally, Morgan Stanley cut shares of CAVA Group from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $90.00 to $110.00 in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $106.75.
View Our Latest Research Report on CAVA Group
Institutional Investors Weigh In On CAVA Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of CAVA Group by 215.7% during the 1st quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company’s stock worth $346,330,000 after purchasing an additional 3,377,840 shares during the last quarter. Capital Research Global Investors increased its position in shares of CAVA Group by 249.5% during the fourth quarter. Capital Research Global Investors now owns 4,369,281 shares of the company’s stock valued at $187,792,000 after acquiring an additional 3,119,281 shares during the last quarter. 1832 Asset Management L.P. raised its stake in shares of CAVA Group by 79.5% in the 4th quarter. 1832 Asset Management L.P. now owns 2,248,400 shares of the company’s stock valued at $96,636,000 after acquiring an additional 995,800 shares during the period. Artemis Investment Management LLP acquired a new position in shares of CAVA Group in the 1st quarter worth approximately $38,225,000. Finally, Lord Abbett & CO. LLC increased its holdings in CAVA Group by 55.9% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,373,749 shares of the company’s stock valued at $96,231,000 after purchasing an additional 492,667 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.
Featured Articles
- Five stocks we like better than CAVA Group
- 5 Top Rated Dividend Stocks to Consider
- The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?
- What is the Nikkei 225 index?
- Are These Chinese Stocks a Buy? Michael Burry’s Top Picks Say Yes
- What is the S&P/TSX Index?
- Five Below Stock Faces Challenges Despite Strong Revenue Growth
Receive News & Ratings for CAVA Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAVA Group and related companies with MarketBeat.com's FREE daily email newsletter.