Insider Selling: CAVA Group, Inc. (NYSE:CAVA) Director Sells 15,000 Shares of Stock

CAVA Group, Inc. (NYSE:CAVA) Director Karen Kochevar sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total value of $2,133,450.00. Following the sale, the director now directly owns 1,307 shares of the company’s stock, valued at $185,894.61. The trade was a 91.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Karen Kochevar also recently made the following trade(s):

• On Friday, November 15th, Karen Kochevar sold 15,000 shares of CAVA Group stock. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00.

CAVA Group Trading Up 0.0 %

CAVA Group stock opened at $144.83 on Friday. The firm’s 50 day simple moving average is $133.21 and its 200 day simple moving average is $106.20. CAVA Group, Inc. has a 1-year low of $31.47 and a 1-year high of $172.43. The firm has a market capitalization of $16.59 billion, a PE ratio of 314.85 and a beta of 3.23.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The firm’s revenue was up 38.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. Research analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Institutional Trading of CAVA Group

A number of large investors have recently modified their holdings of CAVA. Jamison Private Wealth Management Inc. bought a new position in shares of CAVA Group in the second quarter worth approximately $28,000. Nemes Rush Group LLC purchased a new position in CAVA Group in the 2nd quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of CAVA Group in the 2nd quarter worth $36,000. Headlands Technologies LLC purchased a new stake in shares of CAVA Group during the 2nd quarter valued at $37,000. Finally, GAMMA Investing LLC lifted its holdings in shares of CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 73.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Stifel Nicolaus increased their target price 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. TD Cowen lifted their price target on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. TD Securities raised their target price on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Loop Capital boosted their target price on CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.80.

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.