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

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia K. Tolivar sold 1,505 shares of CAVA Group stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value 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 filing with the SEC, which is available through the SEC website.

CAVA Group Price Performance

Shares of CAVA traded up $9.31 during trading hours on Wednesday, hitting $135.27. The stock had a trading volume of 3,500,334 shares, compared to its average volume of 2,087,557. CAVA Group, Inc. has a 52 week low of $46.56 and a 52 week high of $172.43. The stock has a market capitalization of $15.50 billion, a price-to-earnings ratio of 294.06 and a beta of 3.21. The company’s fifty day moving average is $125.46 and its two-hundred day moving average is $119.33.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $243.82 million during 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 company’s revenue was up 38.9% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. Equities analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on CAVA. 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 upped their target price 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. Robert W. Baird boosted their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Sanford C. Bernstein began coverage on shares of 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. Finally, Barclays lowered their price target on CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, CAVA Group has an average rating of “Moderate Buy” and an average target price of $142.13.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position 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 acquiring an additional 125 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of CAVA Group in the fourth quarter valued at approximately $47,000. R Squared Ltd acquired a new stake in shares of CAVA Group in the fourth quarter valued at approximately $49,000. Sunbelt Securities Inc. bought a new position in CAVA Group in the 3rd quarter worth approximately $50,000. Finally, Burkett Financial Services LLC bought a new position in CAVA Group in the 4th quarter valued at $56,000. 73.15% of the stock is owned by institutional investors.

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.