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

Virtu Financial LLC trimmed its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 38.6% in the 4th quarter, Holdings Channel reports. The firm owned 24,605 shares of the company’s stock after selling 15,483 shares during the period. Virtu Financial LLC’s holdings in CAVA Group were worth $2,775,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CAVA. Victory Capital Management Inc. lifted its stake in shares of CAVA Group by 74.1% in the 3rd quarter. Victory Capital Management Inc. now owns 20,354 shares of the company’s stock valued at $2,521,000 after purchasing an additional 8,660 shares during the last quarter. Natixis Advisors LLC acquired a new position in shares of CAVA Group in the 3rd quarter valued at $1,360,000. Swiss National Bank lifted its stake in shares of CAVA Group by 24.2% in the 3rd quarter. Swiss National Bank now owns 111,400 shares of the company’s stock valued at $13,797,000 after purchasing an additional 21,700 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of CAVA Group by 20.4% in the 3rd quarter. Intech Investment Management LLC now owns 22,439 shares of the company’s stock valued at $2,779,000 after purchasing an additional 3,807 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of CAVA Group in the 3rd quarter valued at $495,000. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

CAVA Group Trading Down 1.3 %

NYSE:CAVA opened at $83.59 on Friday. The firm has a market capitalization of $9.66 billion, a PE ratio of 181.71 and a beta of 3.58. The stock has a 50 day moving average of $110.68 and a 200-day moving average of $122.96. CAVA Group, Inc. has a 52 week low of $58.22 and a 52 week high of $172.43.

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

Insiders Place Their Bets

In other news, insider Theodoros Xenohristos sold 851 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $101,422.18. Following the completion of the sale, the insider now owns 358,995 shares in the company, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Adam David Phillips sold 615 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $76,499.85. Following the completion of the sale, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at $1,353,860.76. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,235 shares of company stock worth $3,514,101 over the last ninety days. Company insiders own 12.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CAVA. Wedbush reissued an “outperform” rating and set a $150.00 target price on shares of CAVA Group in a research note on Wednesday, February 26th. TD Securities reduced their price target on CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price objective on the stock in a report on Thursday. Loop Capital dropped their price objective on CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, UBS Group dropped their price objective on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.47.

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.