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 company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $365,209.04. Following the completion of the transaction, the chief executive officer now owns 773,433 shares in the company, valued at approximately $96,207,330.87. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

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

CAVA Group Stock Performance

CAVA stock opened at $135.27 on Thursday. The company has a market capitalization of $15.50 billion, a P/E ratio of 294.06 and a beta of 3.21. The company has a fifty day moving average price of $125.38 and a 200-day moving average price of $119.44. CAVA Group, Inc. has a 52-week low of $46.56 and a 52-week high of $172.43.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share 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 analysts’ expectations of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business’s quarterly revenue 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, sell-side analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wedbush upped their price objective on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Loop Capital boosted their price objective on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Sanford C. Bernstein started coverage on shares of CAVA Group in a report on Wednesday, November 20th. They set a “market perform” rating and a $145.00 target price on the stock. UBS Group reduced their price target on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Piper Sandler lifted their price objective on CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $142.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted 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 buying an additional 125 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of CAVA Group during the 3rd quarter valued at about $50,000. Golden State Wealth Management LLC bought a new stake in shares of CAVA Group during the 4th quarter valued at about $47,000. R Squared Ltd bought a new stake in CAVA Group in the fourth quarter worth approximately $49,000. Finally, Burkett Financial Services LLC bought a new position in shares of CAVA Group during the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

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.