CAVA Group, Inc. (NYSE:CAVA) Shares Sold by Tufton Capital Management

Tufton Capital Management cut its stake in CAVA Group, Inc. (NYSE:CAVA) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,125 shares of the company’s stock after selling 150 shares during the quarter. Tufton Capital Management’s holdings in CAVA Group were worth $240,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jennison Associates LLC raised its stake in shares of CAVA Group by 36,658.7% during the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock worth $277,683,000 after buying an additional 2,455,035 shares during the period. Geode Capital Management LLC raised its stake in shares of CAVA Group by 121.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,222,834 shares of the company’s stock worth $151,492,000 after buying an additional 669,599 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of CAVA Group by 262.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock worth $63,918,000 after buying an additional 373,835 shares during the period. Two Sigma Advisers LP raised its stake in shares of CAVA Group by 17.0% during the 3rd quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock worth $273,820,000 after buying an additional 321,800 shares during the period. Finally, State Street Corp raised its stake in shares of CAVA Group by 33.3% during the 3rd quarter. State Street Corp now owns 1,267,333 shares of the company’s stock worth $156,959,000 after buying an additional 316,514 shares during the period. 73.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CAVA Group

In related news, insider Kenneth Robert Bertram sold 678 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $84,336.42. Following the transaction, the insider now owns 57,312 shares of the company’s stock, valued at approximately $7,129,039.68. This represents a 1.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $149.40, for a total value of $93,008,820.60. Following the transaction, the director now directly owns 6,307 shares in the company, valued at approximately $942,265.80. The trade was a 99.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 651,784 shares of company stock worth $96,522,922. 12.10% of the stock is currently owned by company insiders.

CAVA Group Trading Down 9.0 %

NYSE CAVA opened at $90.02 on Friday. The stock has a market cap of $10.31 billion, a PE ratio of 195.69 and a beta of 3.25. CAVA Group, Inc. has a twelve month low of $54.21 and a twelve month high of $172.43. The stock has a fifty day simple moving average of $121.75 and a 200-day simple moving average of $125.78.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. Research analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CAVA shares. Barclays reduced their target price on CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a research note on Wednesday. Stifel Nicolaus boosted their price target on CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Morgan Stanley boosted their price target on CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Citigroup dropped their price target on CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Finally, TD Securities dropped their price target on CAVA Group from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.47.

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.