Aigen Investment Management LP Sells 8,661 Shares of CAVA Group, Inc. (NYSE:CAVA)

Aigen Investment Management LP lowered its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 82.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,782 shares of the company’s stock after selling 8,661 shares during the quarter. Aigen Investment Management LP’s holdings in CAVA Group were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in CAVA Group during the fourth quarter worth $25,000. Allworth Financial LP increased its holdings in shares of CAVA Group by 369.2% during the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock valued at $30,000 after acquiring an additional 192 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of CAVA Group during the 3rd quarter valued at about $50,000. Golden State Wealth Management LLC bought a new position in shares of CAVA Group in the 4th quarter valued at approximately $47,000. Finally, GAMMA Investing LLC lifted its holdings in CAVA Group by 37.0% in the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock worth $48,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Trading Up 1.9 %

Shares of CAVA stock opened at $84.25 on Monday. CAVA Group, Inc. has a 12 month low of $58.22 and a 12 month high of $172.43. The company has a market capitalization of $9.74 billion, a P/E ratio of 183.15 and a beta of 3.58. The stock has a 50 day moving average of $117.56 and a two-hundred day moving average of $125.50.

CAVA Group (NYSE:CAVA) last issued its earnings results on Tuesday, February 25th. The company reported $0.05 EPS 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 firm had revenue of $227.40 million during the quarter, compared to the consensus estimate of $223.34 million. Sell-side analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Transactions at CAVA Group

In other news, insider Theodoros Xenohristos sold 851 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $101,422.18. Following the completion of the transaction, the insider now directly owns 358,995 shares of the company’s stock, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Adam David Phillips sold 615 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at $1,353,860.76. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,235 shares of company stock valued at $3,514,101. Company insiders own 12.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Piper Sandler upgraded CAVA Group from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $142.00 to $115.00 in a report on Friday, February 28th. Sanford C. Bernstein assumed coverage on shares of CAVA Group in a research note on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 target price on the stock. Morgan Stanley boosted their target price 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 Securities lowered 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. Finally, TD Cowen lifted their price objective on CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.47.

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.