CAVA Group, Inc. (NYSE:CAVA) Director Karen Kochevar Sells 15,000 Shares of Stock

CAVA Group, Inc. (NYSE:CAVA) Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the sale, the director now directly owns 1,307 shares in the company, valued at approximately $185,894.61. The trade was a 91.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Karen Kochevar also recently made the following trade(s):

• On Friday, November 15th, Karen Kochevar sold 15,000 shares of CAVA Group stock. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00.

CAVA Group Trading Up 1.6 %

NYSE:CAVA traded up $2.30 during trading hours on Friday, hitting $147.10. The company’s stock had a trading volume of 710,756 shares, compared to its average volume of 2,778,602. The stock has a market capitalization of $16.85 billion, a P/E ratio of 314.88 and a beta of 3.23. The stock has a fifty day moving average of $133.21 and a 200-day moving average of $106.20. CAVA Group, Inc. has a 52-week low of $31.47 and a 52-week high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The firm had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. During the same period in the prior year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 38.9% compared to the same quarter last year. On average, sell-side analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CAVA has been the subject of several research analyst reports. William Blair restated an “outperform” rating on shares of CAVA Group in a research report on Wednesday, November 13th. TD Securities lifted their target price on CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley increased their price target on shares of CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. TD Cowen raised their price objective on shares of CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Wedbush upped their target price on shares of CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.80.

Institutional Investors Weigh In On CAVA Group

Several hedge funds and other institutional investors have recently bought and sold shares of CAVA. Jamison Private Wealth Management Inc. purchased a new position in shares of CAVA Group during the second quarter worth about $28,000. Nemes Rush Group LLC purchased a new position in CAVA Group during the 2nd quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC acquired a new position in CAVA Group during the second quarter worth approximately $36,000. Headlands Technologies LLC purchased a new stake in CAVA Group in the second quarter valued at approximately $37,000. Finally, GAMMA Investing LLC boosted its holdings in shares of CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after acquiring an additional 125 shares during the period. 73.15% of the stock is currently owned by institutional investors and hedge funds.

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.