Mitchell Capital Management Co. Decreases Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Mitchell Capital Management Co. trimmed its holdings in CAVA Group, Inc. (NYSE:CAVA) by 84.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,588 shares of the company’s stock after selling 59,755 shares during the quarter. Mitchell Capital Management Co.’s holdings in CAVA Group were worth $1,194,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. West Michigan Advisors LLC purchased a new position in CAVA Group in the 4th quarter worth approximately $249,000. Versor Investments LP purchased a new stake in shares of CAVA Group during the 4th quarter valued at approximately $769,000. Proficio Capital Partners LLC purchased a new stake in shares of CAVA Group during the 4th quarter valued at approximately $2,697,000. Whipplewood Advisors LLC purchased a new stake in shares of CAVA Group during the 4th quarter valued at approximately $51,000. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of CAVA Group during the 4th quarter valued at approximately $581,000. 73.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Adam David Phillips sold 615 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the completion of the transaction, the chief accounting officer now owns 10,884 shares in the company, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their ownership of the stock. The sale 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 business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the transaction, the chief executive officer now owns 776,369 shares of the company’s stock, valued at approximately $92,527,657.42. The trade was a 2.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 651,784 shares of company stock worth $96,522,922. Corporate insiders own 12.10% of the company’s stock.

Analysts Set New Price Targets

CAVA has been the topic of several analyst reports. Citigroup reduced their price target on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus lifted their price target on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein began coverage on shares of CAVA Group in a research report on Wednesday, November 20th. They set a “market perform” rating and a $145.00 price target on the stock. TD Cowen boosted their target price on 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 reissued an “outperform” rating and issued a $150.00 target price on shares of CAVA Group in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.47.

CAVA Group Stock Up 5.4 %

NYSE:CAVA opened at $94.98 on Friday. The company has a fifty day simple moving average of $120.73 and a two-hundred day simple moving average of $125.57. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 206.47 and a beta of 3.25. CAVA Group, Inc. has a 52 week low of $56.03 and a 52 week high of $172.43.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. On average, analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current 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.