Calamos Advisors LLC Sells 5,473 Shares of CAVA Group, Inc. (NYSE:CAVA)

Calamos Advisors LLC trimmed its position in CAVA Group, Inc. (NYSE:CAVA) by 67.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,621 shares of the company’s stock after selling 5,473 shares during the period. Calamos Advisors LLC’s holdings in CAVA Group were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CAVA. GAMMA Investing LLC grew its position in CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 125 shares in the last quarter. R Squared Ltd bought a new stake in CAVA Group in the 4th quarter worth about $49,000. Sunbelt Securities Inc. bought a new stake in CAVA Group in the 3rd quarter worth about $50,000. Burkett Financial Services LLC bought a new position in shares of CAVA Group during the 4th quarter valued at approximately $56,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of CAVA Group during the 4th quarter valued at approximately $63,000. 73.15% of the stock is owned by institutional investors.

CAVA Group Price Performance

NYSE CAVA opened at $142.84 on Thursday. CAVA Group, Inc. has a 1 year low of $47.68 and a 1 year high of $172.43. The stock has a market capitalization of $16.37 billion, a PE ratio of 310.52 and a beta of 3.25. The company’s 50 day simple moving average is $124.97 and its two-hundred day simple moving average is $121.41.

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, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $243.82 million for the quarter, compared to analysts’ expectations of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The business’s quarterly revenue was up 38.9% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. On average, research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Activity

In related news, CAO Adam David Phillips sold 615 shares of the 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 transaction, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the transaction, the director now directly owns 6,307 shares in the company, valued at approximately $942,265.80. This represents a 99.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 681,784 shares of company stock worth $100,756,372. 12.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CAVA has been the subject of a number of research reports. Piper Sandler increased their target price on shares of CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. 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 reduced their target price on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Loop Capital increased their target price on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Finally, Citigroup increased their target price on shares of CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.13.

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.