CAVA Group, Inc. (NYSE:CAVA) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc lowered its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 8.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,035 shares of the company’s stock after selling 97 shares during the quarter. AdvisorNet Financial Inc’s holdings in CAVA Group were worth $117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAVA. Nwam LLC lifted its holdings in shares of CAVA Group by 2.6% during the third quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after purchasing an additional 85 shares during the period. CIBC Asset Management Inc increased its holdings in CAVA Group by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock worth $407,000 after buying an additional 110 shares during the period. Farther Finance Advisors LLC raised its position in CAVA Group by 6.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock worth $237,000 after buying an additional 113 shares during the last quarter. GAMMA Investing LLC lifted its stake in CAVA Group by 37.0% during the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after acquiring an additional 114 shares during the period. Finally, Miracle Mile Advisors LLC boosted its holdings in shares of CAVA Group by 2.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 8,097 shares of the company’s stock valued at $913,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Price Performance

CAVA Group stock opened at $118.21 on Friday. The stock has a market capitalization of $13.54 billion, a PE ratio of 256.98 and a beta of 3.21. The business has a 50 day simple moving average of $128.22 and a 200-day simple moving average of $117.39. CAVA Group, Inc. has a 12 month low of $43.51 and a 12 month high of $172.43.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $243.82 million during the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm’s revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. On average, equities research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on CAVA shares. Sanford C. Bernstein started coverage on shares of CAVA Group in a report on Wednesday, November 20th. They set a “market perform” rating and a $145.00 target price for the company. Stifel Nicolaus lifted their price objective on CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Citigroup boosted their price objective on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. TD Securities raised their target price on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Morgan Stanley boosted their price target on CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.13.

Insider Transactions at CAVA Group

In related news, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $149.40, for a total value of $93,008,820.60. Following the sale, the director now directly owns 6,307 shares in the company, valued at approximately $942,265.80. The trade was a 99.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $142.23, for a total value of $2,133,450.00. Following the sale, the director now owns 1,307 shares of the company’s stock, valued at approximately $185,894.61. This trade represents a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 652,549 shares of company stock valued at $97,242,271 over the last 90 days. Corporate 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.