Two Sigma Advisers LP Lowers Stock Position in CAVA Group, Inc. (NYSE:CAVA)

Two Sigma Advisers LP trimmed its stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,901,200 shares of the company's stock after selling 309,700 shares during the period. Two Sigma Advisers LP owned about 1.66% of CAVA Group worth $214,455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arcadia Investment Management Corp MI purchased a new stake in shares of CAVA Group during the 4th quarter worth about $25,000. Allworth Financial LP boosted its stake in shares of 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 boosted its stake in shares of CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company's stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of 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 in the last quarter. Finally, Signaturefd LLC increased its holdings in CAVA Group by 884.4% in the 4th quarter. Signaturefd LLC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 283 shares in the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CAVA Group

In related news, insider Kelly Costanza sold 10,243 shares of CAVA Group stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $86.63, for a total value of $887,351.09. Following the completion of the transaction, the insider now owns 125,347 shares in the company, valued at $10,858,810.61. The trade was a 7.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Theodoros Xenohristos sold 9,348 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.88, for a total value of $886,938.24. Following the completion of the transaction, the insider now owns 353,271 shares in the company, valued at approximately $33,518,352.48. The trade was a 2.58% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Loop Capital cut their price target on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Barclays cut their price target on shares of CAVA Group from $104.00 to $90.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. TD Securities restated a "buy" rating and issued a $120.00 target price on shares of CAVA Group in a research report on Friday, May 16th. Sanford C. Bernstein upgraded CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 target price on the stock in a research report on Wednesday, April 23rd. Finally, Bank of America raised their target price on CAVA Group from $112.00 to $121.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $123.00.

CAVA Group Trading Down 1.1%

CAVA Group stock traded down $0.94 during mid-day trading on Friday, hitting $83.42. The company's stock had a trading volume of 2,854,763 shares, compared to its average volume of 3,213,449. The firm has a market capitalization of $9.65 billion, a PE ratio of 181.35 and a beta of 3.28. CAVA Group, Inc. has a 1 year low of $70.00 and a 1 year high of $172.43. The stock's fifty day moving average is $88.90 and its two-hundred day moving average is $110.30.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.08. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $331.83 million during the quarter, compared to analysts' expectations of $327.98 million. During the same period last year, the business posted $0.12 EPS. CAVA Group's revenue for the quarter was up 28.1% on a year-over-year basis. On average, equities analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

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.