Gladstone Institutional Advisory LLC Sells 506 Shares of CAVA Group, Inc. (NYSE:CAVA)

Gladstone Institutional Advisory LLC lessened its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,550 shares of the company’s stock after selling 506 shares during the period. Gladstone Institutional Advisory LLC’s holdings in CAVA Group were worth $626,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CAVA. Sovran Advisors LLC bought a new stake in shares of CAVA Group in the 4th quarter valued at about $2,628,000. Wealthstar Advisors LLC bought a new position in CAVA Group in the fourth quarter worth approximately $1,164,000. Newbridge Financial Services Group Inc. purchased a new stake in CAVA Group during the fourth quarter worth $86,000. Entropy Technologies LP bought a new stake in CAVA Group during the 4th quarter valued at $2,097,000. Finally, Empowered Funds LLC purchased a new position in shares of CAVA Group in the 4th quarter valued at $5,007,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Insider Transactions at CAVA Group

In other news, CAO Adam David Phillips sold 615 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the sale, the chief accounting officer now directly owns 10,884 shares of the company’s stock, valued at $1,353,860.76. This represents a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brett Schulman sold 2,936 shares of CAVA Group stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $365,209.04. Following the completion of the transaction, the chief executive officer now owns 773,433 shares of the company’s stock, valued at approximately $96,207,330.87. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 666,784 shares of company stock valued at $98,656,372 in the last 90 days. 12.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup raised their price objective on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Stifel Nicolaus lifted their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. TD Cowen increased their target price 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. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. Finally, UBS Group decreased their price objective on CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

CAVA Group Trading Up 0.6 %

Shares of NYSE CAVA opened at $131.28 on Friday. The company has a 50 day simple moving average of $123.58 and a two-hundred day simple moving average of $123.78. CAVA Group, Inc. has a 12 month low of $48.10 and a 12 month high of $172.43. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 285.39 and a beta of 3.25.

CAVA Group (NYSE:CAVA) last posted its earnings results on Tuesday, November 12th. The company reported $0.15 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 firm had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. During the same period last year, the company earned $0.06 earnings per share. CAVA Group’s revenue for the quarter was up 38.9% compared to the same quarter last year. Analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

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.