CAVA Group, Inc. (NYSE:CAVA) Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC cut its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 34.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 468 shares of the company’s stock after selling 241 shares during the quarter. CoreCap Advisors LLC’s holdings in CAVA Group were worth $53,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in CAVA Group by 229.4% during the fourth quarter. Cetera Investment Advisers now owns 50,485 shares of the company’s stock worth $5,695,000 after purchasing an additional 35,158 shares during the last quarter. Centiva Capital LP purchased a new position in CAVA Group during the fourth quarter worth $2,339,000. Brevan Howard Capital Management LP purchased a new position in CAVA Group during the fourth quarter worth $710,000. Captrust Financial Advisors increased its position in CAVA Group by 32.9% during the fourth quarter. Captrust Financial Advisors now owns 12,195 shares of the company’s stock worth $1,376,000 after buying an additional 3,022 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in CAVA Group by 123.1% during the fourth quarter. Baird Financial Group Inc. now owns 51,808 shares of the company’s stock worth $5,844,000 after buying an additional 28,583 shares in the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CAVA Group

In other news, insider Theodoros Xenohristos sold 9,348 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.88, for a total value of $886,938.24. Following the completion of the sale, the insider now owns 353,271 shares of the company’s stock, valued at $33,518,352.48. This represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.80% of the company’s stock.

CAVA Group Price Performance

Shares of NYSE:CAVA opened at $99.45 on Thursday. The firm has a market capitalization of $11.50 billion, a PE ratio of 216.20 and a beta of 3.28. The business has a 50-day moving average of $87.35 and a two-hundred day moving average of $112.46. CAVA Group, Inc. has a 12 month low of $70.00 and a 12 month high of $172.43.

CAVA Group (NYSE:CAVA) last issued 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 return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $227.40 million during the quarter, compared to analysts’ expectations of $223.34 million. As a group, research analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. UBS Group dropped their target price on CAVA Group from $125.00 to $112.00 and set a “neutral” rating for the company in a research note on Tuesday. Loop Capital dropped their target price on CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Robert W. Baird set a $105.00 target price on CAVA Group and gave the company an “outperform” rating in a research note on Monday, April 7th. Sanford C. Bernstein upgraded CAVA Group from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Wednesday, April 23rd. Finally, Bank of America assumed coverage on CAVA Group in a research note on Monday, March 31st. They issued a “buy” rating and a $112.00 target price for the company. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.38.

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.