CAVA Group, Inc. (NYSE:CAVA) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC cut its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 40.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,923 shares of the company’s stock after selling 1,949 shares during the period. Sentry Investment Management LLC’s holdings in CAVA Group were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Conway Capital Management Inc. purchased a new stake in CAVA Group in the 3rd quarter valued at approximately $5,524,000. Entropy Technologies LP purchased a new stake in shares of CAVA Group in the fourth quarter valued at approximately $2,097,000. Empowered Funds LLC acquired a new position in CAVA Group during the fourth quarter worth $5,007,000. SpiderRock Advisors LLC raised its position in CAVA Group by 8.9% in the third quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock worth $59,364,000 after acquiring an additional 39,319 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in CAVA Group by 262.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock valued at $63,918,000 after acquiring an additional 373,835 shares during the period. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CAVA Group

In related news, CAO Adam David Phillips sold 615 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $76,499.85. Following the completion of the transaction, the chief accounting officer now directly owns 10,884 shares in the company, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brett Schulman sold 20,564 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $2,450,817.52. Following the completion of the sale, the chief executive officer now directly owns 776,369 shares in the company, valued at approximately $92,527,657.42. The trade was a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 651,784 shares of company stock valued at $96,522,922. Company insiders own 12.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CAVA. Wedbush upped their price target 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. William Blair restated an “outperform” rating on shares of CAVA Group in a research report on Wednesday, November 13th. Loop Capital increased their target price on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Sanford C. Bernstein started coverage on CAVA Group in a research note on Wednesday, November 20th. They set a “market perform” rating and a $145.00 price target on the stock. Finally, Robert W. Baird raised their price objective on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, CAVA Group has a consensus rating of “Moderate Buy” and an average price target of $140.60.

CAVA Group Stock Down 4.5 %

NYSE CAVA opened at $99.50 on Wednesday. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 216.29 and a beta of 3.25. CAVA Group, Inc. has a fifty-two week low of $50.37 and a fifty-two week high of $172.43. The business has a fifty day moving average of $122.12 and a 200-day moving average of $125.97.

CAVA Group (NYSE:CAVA) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. As a group, analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current 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.