Strategic Blueprint LLC Lowers Position in CAVA Group, Inc. (NYSE:CAVA)

Strategic Blueprint LLC trimmed its position in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 41.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,360 shares of the company's stock after selling 4,582 shares during the quarter. Strategic Blueprint LLC's holdings in CAVA Group were worth $550,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of CAVA Group by 20.4% during the fourth quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company's stock valued at $903,709,000 after acquiring an additional 1,357,187 shares during the period. FMR LLC raised its position in shares of CAVA Group by 14.1% during the fourth quarter. FMR LLC now owns 3,976,353 shares of the company's stock worth $448,533,000 after purchasing an additional 491,320 shares during the period. Federated Hermes Inc. grew its holdings in shares of CAVA Group by 33.0% during the fourth quarter. Federated Hermes Inc. now owns 1,464,987 shares of the company's stock worth $165,243,000 after buying an additional 363,814 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of CAVA Group by 2.3% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,389,327 shares of the company's stock worth $156,716,000 after buying an additional 31,077 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of CAVA Group by 62.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,246,209 shares of the company's stock worth $140,572,000 after buying an additional 480,900 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CAVA Group

In other news, CFO Tricia K. Tolivar sold 4,845 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $364,150.20. Following the transaction, the chief financial officer directly owned 236,345 shares of the company's stock, valued at approximately $17,763,690.20. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Theodoros Xenohristos sold 3,062 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $75.16, for a total value of $230,139.92. Following the transaction, the insider directly owned 350,209 shares in the company, valued at $26,321,708.44. This trade represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,951 shares of company stock valued at $5,409,027. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CAVA has been the subject of a number of analyst reports. KeyCorp initiated coverage on CAVA Group in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $100.00 price target for the company. TD Securities reiterated a "buy" rating and set a $120.00 target price on shares of CAVA Group in a research note on Friday, May 16th. Stifel Nicolaus reduced their target price on CAVA Group from $175.00 to $125.00 and set a "buy" rating for the company in a research note on Wednesday, June 18th. Barclays reduced their target price on CAVA Group from $104.00 to $90.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Sanford C. Bernstein raised CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price target for the company in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $117.82.

CAVA Group Price Performance

Shares of NYSE:CAVA traded down $2.12 during trading on Monday, hitting $84.40. 4,399,588 shares of the company were exchanged, compared to its average volume of 3,231,956. CAVA Group, Inc. has a 52-week low of $70.00 and a 52-week high of $172.43. The company has a market cap of $9.76 billion, a PE ratio of 70.33, a P/E/G ratio of 4.06 and a beta of 2.65. The stock has a 50 day moving average of $84.82 and a 200 day moving average of $97.56.

CAVA Group (NYSE:CAVA - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.22 earnings per share for the quarter, beating 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 business had revenue of $331.83 million for the quarter, compared to the consensus estimate of $327.98 million. During the same quarter last year, the business posted $0.12 earnings per share. The company's revenue for the quarter was up 28.1% on a year-over-year basis. Sell-side analysts forecast 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.