PFG Investments LLC Sells 1,822 Shares of CAVA Group, Inc. (NYSE:CAVA)

PFG Investments LLC lessened its holdings in CAVA Group, Inc. (NYSE:CAVA) by 11.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,085 shares of the company’s stock after selling 1,822 shares during the period. PFG Investments LLC’s holdings in CAVA Group were worth $1,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new position in shares of CAVA Group in the second quarter valued at $28,000. GAMMA Investing LLC grew its stake in CAVA Group by 68.3% in the 3rd 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 last quarter. Sunbelt Securities Inc. bought a new position in CAVA Group in the 3rd quarter valued at about $50,000. Burkett Financial Services LLC acquired a new stake in CAVA Group during the fourth quarter worth approximately $56,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of CAVA Group during the fourth quarter worth approximately $63,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CAVA has been the topic of a number of recent research reports. Robert W. Baird increased their target price on CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Citigroup increased their price objective on CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Barclays reduced their target price on shares of 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. UBS Group lowered their price target on shares of 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, Morgan Stanley boosted their price objective on shares of CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $142.13.

Insider Transactions at CAVA Group

In other news, Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the sale, the director now directly owns 1,307 shares in the company, valued at approximately $182,980. The trade was a 91.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brett Schulman sold 20,564 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the completion of the transaction, the chief executive officer now owns 776,369 shares of the company’s stock, valued at approximately $92,527,657.42. This trade represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 676,050 shares of company stock worth $100,043,120. Corporate insiders own 12.10% of the company’s stock.

CAVA Group Stock Down 1.5 %

NYSE:CAVA opened at $123.02 on Tuesday. CAVA Group, Inc. has a twelve month low of $45.71 and a twelve month high of $172.43. The stock’s 50-day simple moving average is $126.05 and its 200 day simple moving average is $118.77. The firm has a market capitalization of $14.10 billion, a PE ratio of 267.43 and a beta of 3.21.

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

CAVA Group 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.