Sentry Investment Management LLC Trims Stock Position in CAVA Group, Inc. (NYSE:CAVA)

Sentry Investment Management LLC trimmed its holdings in CAVA Group, Inc. (NYSE:CAVA) by 40.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,923 shares of the company’s stock after selling 1,949 shares during the period. Sentry Investment Management LLC’s holdings in CAVA Group were worth $330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. IFP Advisors Inc increased its position in shares of CAVA Group by 23.1% during the fourth quarter. IFP Advisors Inc now owns 5,094 shares of the company’s stock valued at $575,000 after acquiring an additional 957 shares during the last quarter. WealthShield Partners LLC boosted its position in shares of CAVA Group by 12.0% during the 4th quarter. WealthShield Partners LLC now owns 1,864 shares of the company’s stock worth $210,000 after purchasing an additional 200 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in CAVA Group in the 4th quarter valued at approximately $963,000. Wealthspire Advisors LLC increased its holdings in CAVA Group by 57.3% in the 4th quarter. Wealthspire Advisors LLC now owns 53,828 shares of the company’s stock valued at $6,072,000 after purchasing an additional 19,607 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new stake in CAVA Group in the fourth quarter valued at approximately $1,054,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Trading Down 4.5 %

CAVA Group stock opened at $99.50 on Wednesday. The stock has a market cap of $11.40 billion, a P/E ratio of 216.29 and a beta of 3.25. The company has a fifty day simple moving average of $122.12 and a 200-day simple moving average of $125.97. CAVA Group, Inc. has a 12-month low of $50.37 and a 12-month high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $223.34 million. As a group, sell-side analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Activity at CAVA Group

In related news, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $149.40, for a total value of $93,008,820.60. Following the completion of the sale, the director now directly owns 6,307 shares of the company’s stock, valued at $942,265.80. The trade was a 99.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kenneth Robert Bertram sold 678 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $84,336.42. Following the transaction, the insider now directly owns 57,312 shares in the company, valued at approximately $7,129,039.68. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 651,784 shares of company stock valued at $96,522,922 over the last three months. 12.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CAVA has been the subject of a number of research reports. TD Cowen lifted their price objective on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wedbush lifted their target price on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Stifel Nicolaus increased their price target 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. Robert W. Baird lifted their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Citigroup cut their target price on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CAVA Group currently has an average rating of “Moderate Buy” and a consensus target price of $140.60.

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.