Insider Selling: CAVA Group, Inc. (NYSE:CAVA) CFO Sells 2,086 Shares of Stock

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia K. Tolivar sold 2,086 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $248,609.48. Following the sale, the chief financial officer now directly owns 235,592 shares in the company, valued at approximately $28,077,854.56. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CAVA Group Price Performance

Shares of NYSE:CAVA opened at $124.14 on Friday. The stock has a market capitalization of $14.22 billion, a P/E ratio of 269.87 and a beta of 3.21. The business has a 50-day moving average of $126.66 and a two-hundred day moving average of $118.09. CAVA Group, Inc. has a fifty-two week low of $44.80 and a fifty-two week high of $172.43.

CAVA Group (NYSE:CAVA) last posted its earnings results 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. 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 during the quarter, compared to analyst estimates of $233.05 million. During the same period in the previous year, the company earned $0.06 EPS. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. As a group, research analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CAVA. American Century Companies Inc. bought a new stake in CAVA Group during the second quarter valued at about $309,000. Dimensional Fund Advisors LP lifted its position in shares of CAVA Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock worth $3,632,000 after purchasing an additional 184 shares during the last quarter. Amalgamated Bank boosted its stake in CAVA Group by 76.5% during the 2nd quarter. Amalgamated Bank now owns 5,098 shares of the company’s stock valued at $473,000 after purchasing an additional 2,210 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in CAVA Group in the 2nd quarter valued at approximately $257,000. Finally, Public Employees Retirement Association of Colorado bought a new position in CAVA Group in the 2nd quarter worth approximately $396,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on CAVA. Robert W. Baird upped their price target on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. UBS Group dropped their target price on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. William Blair restated an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. Stifel Nicolaus upped their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Loop Capital boosted their price target on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, CAVA Group has an average rating of “Moderate Buy” and an average price target of $142.13.

About CAVA Group

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.