CAVA Group (NYSE:CAVA) Stock Price Down 6.3% – Time to Sell?

CAVA Group, Inc. (NYSE:CAVA)’s share price fell 6.3% on Wednesday . The company traded as low as $124.57 and last traded at $124.88. 655,244 shares changed hands during trading, a decline of 66% from the average session volume of 1,926,359 shares. The stock had previously closed at $133.31.

Wall Street Analysts Forecast Growth

CAVA has been the topic of several research analyst reports. Citigroup lowered their price target on CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday. Wedbush raised their target price on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. UBS Group lowered their price objective on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus upped their target price on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.60.

CAVA Group Trading Down 8.9 %

The business’s fifty day moving average price is $123.37 and its 200 day moving average price is $124.97. The company has a market capitalization of $12.38 billion, a P/E ratio of 234.89 and a beta of 3.25.

Insider Buying and Selling

In other news, Director Ronald M. Shaich sold 622,549 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $149.40, for a total value of $93,008,820.60. Following the sale, the director now owns 6,307 shares of the company’s stock, valued at approximately $942,265.80. This represents a 99.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth Robert Bertram sold 678 shares of CAVA Group stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $84,336.42. Following the transaction, the insider now directly owns 57,312 shares of the company’s stock, valued at $7,129,039.68. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 651,784 shares of company stock valued at $96,522,922 over the last quarter. Corporate insiders own 12.10% of the company’s stock.

Institutional Trading of CAVA Group

Large investors have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new position in shares of CAVA Group in the fourth quarter valued at approximately $25,000. Allworth Financial LP boosted its stake in CAVA Group by 369.2% in the fourth quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after purchasing an additional 192 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of CAVA Group by 274.0% during the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company’s stock worth $32,000 after purchasing an additional 127 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of CAVA Group by 884.4% in the fourth quarter. Signaturefd LLC now owns 315 shares of the company’s stock valued at $36,000 after buying an additional 283 shares in the last quarter. 73.15% of the stock is owned by institutional investors.

About CAVA Group

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.