Virtu Financial LLC Sells 15,483 Shares of CAVA Group, Inc. (NYSE:CAVA)

Virtu Financial LLC lowered its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 38.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,605 shares of the company’s stock after selling 15,483 shares during the quarter. Virtu Financial LLC’s holdings in CAVA Group were worth $2,775,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of CAVA Group by 0.9% in the third quarter. FMR LLC now owns 3,485,033 shares of the company’s stock worth $431,621,000 after buying an additional 29,668 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of CAVA Group by 36,658.7% in the fourth quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock worth $277,683,000 after buying an additional 2,455,035 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of CAVA Group by 17.0% in the third quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock worth $273,820,000 after buying an additional 321,800 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of CAVA Group by 1.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,358,250 shares of the company’s stock worth $168,219,000 after buying an additional 19,493 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of CAVA Group by 33.3% in the third quarter. State Street Corp now owns 1,267,333 shares of the company’s stock worth $156,959,000 after buying an additional 316,514 shares in the last quarter. Institutional investors own 73.15% of the company’s stock.

Insider Activity

In other news, CEO Brett Schulman sold 20,564 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 776,369 shares in the company, valued at approximately $92,527,657.42. The trade was a 2.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $101,422.18. Following the sale, the insider now owns 358,995 shares in the company, valued at $42,785,024.10. The trade was a 0.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,235 shares of company stock worth $3,514,101. Company insiders own 12.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CAVA shares. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. TD Securities lowered their target price on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $142.00 to $115.00 in a research note on Friday, February 28th. Citigroup lowered 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. Finally, Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of CAVA Group in a research note on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.47.

CAVA Group Stock Performance

NYSE CAVA opened at $83.59 on Friday. The company has a market capitalization of $9.66 billion, a P/E ratio of 181.71 and a beta of 3.58. CAVA Group, Inc. has a one year low of $58.22 and a one year high of $172.43. The stock has a 50 day moving average price of $110.68 and a 200-day moving average price of $122.96.

CAVA Group (NYSE:CAVA) last issued 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 company had revenue of $227.40 million during the quarter, compared to the consensus estimate of $223.34 million. As a group, equities analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

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.