CAVA Group, Inc. (NYSE:CAVA) Shares Sold by Capital International Investors

Capital International Investors cut its stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,268,402 shares of the company's stock after selling 233,514 shares during the period. Capital International Investors owned about 1.98% of CAVA Group worth $255,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new position in shares of CAVA Group in the 4th quarter valued at about $25,000. Allworth Financial LP grew its holdings in CAVA Group by 369.2% during the 4th quarter. Allworth Financial LP now owns 244 shares of the company's stock worth $30,000 after acquiring an additional 192 shares in the last quarter. Larson Financial Group LLC increased its position in shares of CAVA Group by 274.0% in the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company's stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of CAVA Group by 884.4% during the 4th quarter. Signaturefd LLC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 283 shares during the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CAVA shares. Robert W. Baird set a $105.00 price target on CAVA Group and gave the company an "outperform" rating in a research note on Monday, April 7th. Loop Capital cut their target price on CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price target for the company in a report on Thursday, March 20th. William Blair reiterated an "outperform" rating on shares of CAVA Group in a research note on Wednesday, February 26th. Finally, Sanford C. Bernstein upgraded shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.19.

CAVA Group Stock Up 4.7 %

CAVA stock traded up $4.06 during trading on Thursday, hitting $90.51. The company had a trading volume of 942,100 shares, compared to its average volume of 3,117,663. CAVA Group, Inc. has a 1-year low of $59.02 and a 1-year high of $172.43. The firm has a 50-day moving average price of $89.42 and a 200-day moving average price of $116.53. The firm has a market cap of $10.46 billion, a PE ratio of 196.72 and a beta of 3.33.

CAVA Group (NYSE:CAVA - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $223.34 million. Sell-side analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Transactions at CAVA Group

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of the firm's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $76,499.85. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kenneth Robert Bertram sold 678 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction 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. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,734 shares of company stock worth $713,252. Company insiders own 12.10% of the company's stock.

CAVA Group 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.