CAVA Group, Inc. (NYSE:CAVA) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its stake in CAVA Group, Inc. (NYSE:CAVA) by 82.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,782 shares of the company’s stock after selling 8,661 shares during the period. Aigen Investment Management LP’s holdings in CAVA Group were worth $201,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CAVA. FMR LLC increased its holdings in shares of CAVA Group by 0.9% in the 3rd quarter. FMR LLC now owns 3,485,033 shares of the company’s stock valued at $431,621,000 after acquiring an additional 29,668 shares during the last quarter. Jennison Associates LLC increased its stake in CAVA Group by 36,658.7% during the fourth quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock valued at $277,683,000 after purchasing an additional 2,455,035 shares during the last quarter. Two Sigma Advisers LP increased its stake 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 during the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of CAVA Group by 1.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,358,250 shares of the company’s stock worth $168,219,000 after purchasing an additional 19,493 shares during the period. Finally, State Street Corp lifted its position in shares of CAVA Group by 33.3% in 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 last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Stock Up 1.9 %

CAVA opened at $84.25 on Monday. The business has a fifty day simple moving average of $117.56 and a 200-day simple moving average of $125.50. The firm has a market cap of $9.74 billion, a PE ratio of 183.15 and a beta of 3.58. CAVA Group, Inc. has a fifty-two week low of $58.22 and a fifty-two week high of $172.43.

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 company had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. On average, equities research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays lowered their target price on CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Sanford C. Bernstein started coverage on CAVA Group in a research note on Wednesday, November 20th. They set a “market perform” rating and a $145.00 price objective for the company. Wedbush reiterated an “outperform” rating and issued a $150.00 target price on shares of CAVA Group in a research note on Wednesday, February 26th. TD Securities reduced their price target on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $142.00 to $115.00 in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.47.

Insiders Place Their Bets

In other news, insider Theodoros Xenohristos sold 851 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $101,422.18. Following the completion of the sale, the insider now owns 358,995 shares of the company’s stock, valued at $42,785,024.10. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brett Schulman sold 20,564 shares of CAVA Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $2,450,817.52. Following the transaction, the chief executive officer now owns 776,369 shares in the company, valued at $92,527,657.42. This represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,235 shares of company stock worth $3,514,101 over the last ninety days. 12.10% of the stock is currently owned by company insiders.

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.