Strategic Blueprint LLC Sells 4,582 Shares of CAVA Group, Inc. (NYSE:CAVA)

Strategic Blueprint LLC lowered its position in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 41.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,360 shares of the company's stock after selling 4,582 shares during the period. Strategic Blueprint LLC's holdings in CAVA Group were worth $550,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in CAVA Group by 274.0% during 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 in the last quarter. Whittier Trust Co. boosted its holdings in CAVA Group by 80.9% during the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after acquiring an additional 127 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in CAVA Group by 1,400.0% during the 1st quarter. First Horizon Advisors Inc. now owns 285 shares of the company's stock worth $25,000 after acquiring an additional 266 shares during the last quarter. Signaturefd LLC boosted its holdings in CAVA Group by 884.4% during the 4th quarter. Signaturefd LLC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 283 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in CAVA Group during the 1st quarter worth $31,000. Institutional investors and hedge funds own 73.15% of the company's stock.

CAVA Group Stock Performance

CAVA stock traded up $2.19 on Thursday, reaching $91.73. The company's stock had a trading volume of 4,246,588 shares, compared to its average volume of 3,243,973. The business has a fifty day simple moving average of $84.51 and a two-hundred day simple moving average of $97.20. CAVA Group, Inc. has a 12-month low of $70.00 and a 12-month high of $172.43. The firm has a market cap of $10.61 billion, a PE ratio of 76.44, a PEG ratio of 4.11 and a beta of 2.65.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. CAVA Group had a return on equity of 10.61% and a net margin of 13.70%. The company had revenue of $331.83 million during the quarter, compared to analyst estimates of $327.98 million. During the same quarter last year, the firm posted $0.12 earnings per share. The firm's revenue was up 28.1% on a year-over-year basis. As a group, research analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of CAVA Group from $175.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, June 18th. Wall Street Zen downgraded shares of CAVA Group from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Citigroup upped their price objective on shares of CAVA Group from $114.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, May 16th. JPMorgan Chase & Co. dropped their price objective on shares of CAVA Group from $115.00 to $95.00 and set an "overweight" rating on the stock in a report on Wednesday, June 25th. Finally, Robert W. Baird upped their price objective on shares of CAVA Group from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CAVA Group currently has an average rating of "Moderate Buy" and a consensus target price of $117.82.

Insider Buying and Selling

In other CAVA Group news, insider Theodoros Xenohristos sold 3,062 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $75.16, for a total value of $230,139.92. Following the completion of the transaction, the insider owned 350,209 shares in the company, valued at approximately $26,321,708.44. This represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Adam David Phillips sold 739 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $75.16, for a total value of $55,543.24. Following the completion of the transaction, the chief accounting officer owned 11,063 shares of the company's stock, valued at approximately $831,495.08. This trade represents a 6.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,951 shares of company stock valued at $5,409,027 over the last three months. Insiders own 6.80% of the company's stock.

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.