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

Strategic Blueprint LLC decreased its stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 41.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund 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.

Several other large investors have also modified their holdings of the stock. First Horizon Advisors Inc. lifted its holdings in CAVA Group by 1,400.0% in the first 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. Larson Financial Group LLC increased its stake in shares of CAVA Group by 274.0% in the fourth 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 period. Versant Capital Management Inc acquired a new stake in shares of CAVA Group in the first quarter valued at approximately $31,000. Whittier Trust Co. increased its stake in shares of CAVA Group by 80.9% in the fourth quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after purchasing an additional 127 shares during the period. Finally, Signaturefd LLC increased its stake in shares of CAVA Group by 884.4% in the fourth quarter. Signaturefd LLC now owns 315 shares of the company's stock valued at $36,000 after purchasing an additional 283 shares during the period. Institutional investors own 73.15% of the company's stock.

Wall Street Analyst Weigh In

CAVA has been the topic of several analyst reports. Citigroup raised their price target on shares of CAVA Group from $114.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Bank of America raised their price target on shares of CAVA Group from $112.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Stifel Nicolaus dropped their price target on shares of CAVA Group from $175.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, June 18th. Sanford C. Bernstein upgraded shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of CAVA Group from $115.00 to $95.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.82.

Insider Activity at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 3,062 shares of CAVA Group stock in a transaction on Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $230,139.92. Following the completion of the sale, the insider owned 350,209 shares of the company's stock, valued at $26,321,708.44. This trade represents a 0.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Adam David Phillips sold 739 shares of CAVA Group stock in a transaction on Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $55,543.24. Following the sale, the chief accounting officer directly owned 11,063 shares of the company's stock, valued at $831,495.08. This trade represents a 6.26% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,951 shares of company stock worth $5,409,027. 12.10% of the stock is currently owned by company insiders.

CAVA Group Price Performance

CAVA Group stock traded up $3.20 during midday trading on Tuesday, reaching $87.48. The stock had a trading volume of 1,070,206 shares, compared to its average volume of 3,494,799. The firm's fifty day simple moving average is $84.65 and its two-hundred day simple moving average is $97.32. CAVA Group, Inc. has a twelve month low of $70.00 and a twelve month high of $172.43. The firm has a market cap of $10.12 billion, a price-to-earnings ratio of 72.90, a PEG ratio of 4.06 and a beta of 2.65.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings data 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 net margin of 13.70% and a return on equity of 10.61%. The firm had revenue of $331.83 million during the quarter, compared to analyst estimates of $327.98 million. During the same quarter last year, the business posted $0.12 EPS. The company's revenue was up 28.1% on a year-over-year basis. As a group, sell-side analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

About CAVA Group

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.