CAVA Group, Inc. (NYSE:CAVA) Director Karen Kochevar Sells 15,000 Shares

CAVA Group, Inc. (NYSE:CAVA) Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the sale, the director now directly owns 1,307 shares in the company, valued at $185,894.61. This trade represents a 91.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Karen Kochevar also recently made the following trade(s):

• On Friday, November 15th, Karen Kochevar sold 15,000 shares of CAVA Group stock. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00.

CAVA Group Price Performance

Shares of CAVA Group stock traded up $5.11 on Thursday, hitting $144.80. 3,531,987 shares of the company’s stock traded hands, compared to its average volume of 2,788,079. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of 303.57 and a beta of 3.23. The company has a fifty day moving average of $132.82 and a two-hundred day moving average of $105.93. CAVA Group, Inc. has a one year low of $31.47 and a one year high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The business’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. Equities research analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

CAVA has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Piper Sandler boosted their price target on CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. TD Cowen lifted their target price on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Citigroup upped their price target on shares of CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group boosted their price objective on shares of CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.80.

Hedge Funds Weigh In On CAVA Group

Large investors have recently modified their holdings of the company. Virtu Financial LLC grew its position in CAVA Group by 306.9% in the 3rd quarter. Virtu Financial LLC now owns 40,088 shares of the company’s stock worth $4,965,000 after purchasing an additional 30,235 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in CAVA Group in the third quarter worth $50,000. Geode Capital Management LLC grew its stake in CAVA Group by 121.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,222,834 shares of the company’s stock valued at $151,492,000 after purchasing an additional 669,599 shares during the period. Conway Capital Management Inc. bought a new position in CAVA Group during the third quarter valued at about $5,524,000. Finally, M&T Bank Corp increased its stake in shares of CAVA Group by 75.2% during the 3rd quarter. M&T Bank Corp now owns 6,320 shares of the company’s stock worth $783,000 after purchasing an additional 2,712 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors.

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.