Tricia K. Tolivar Sells 1,505 Shares of CAVA Group, Inc. (NYSE:CAVA) Stock

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia K. Tolivar sold 1,505 shares of the business’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 $187,206.95. Following the transaction, the chief financial officer now owns 234,087 shares in the company, valued at $29,118,081.93. This represents a 0.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CAVA Group Price Performance

NYSE CAVA opened at $138.89 on Friday. CAVA Group, Inc. has a 1-year low of $46.56 and a 1-year high of $172.43. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 301.94 and a beta of 3.21. The business’s fifty day moving average price is $125.26 and its 200-day moving average price 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, topping 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 business had revenue of $243.82 million for the quarter, compared to analysts’ expectations of $233.05 million. During the same period last year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 38.9% on a year-over-year basis. Equities research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Hedge Funds Weigh In On CAVA Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its position in CAVA Group by 0.9% in the third quarter. FMR LLC now owns 3,485,033 shares of the company’s stock worth $431,621,000 after acquiring an additional 29,668 shares during the period. Jennison Associates LLC raised its holdings in CAVA Group by 36,658.7% in the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock worth $277,683,000 after purchasing an additional 2,455,035 shares during the period. Two Sigma Advisers LP lifted its position in CAVA Group by 17.0% during the third quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock valued at $273,820,000 after purchasing an additional 321,800 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in CAVA Group by 1.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,358,250 shares of the company’s stock valued at $168,219,000 after purchasing an additional 19,493 shares during the period. Finally, State Street Corp increased its position in CAVA Group by 33.3% in the third 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 in the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on CAVA shares. 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. Sanford C. Bernstein began coverage on CAVA Group in a research note on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 target price on the stock. Barclays lowered their price target on CAVA Group from $142.00 to $127.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. TD Cowen increased their price objective on shares of CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Wedbush upped their target price on shares of CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.