CHURCHILL MANAGEMENT Corp Decreases Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

CHURCHILL MANAGEMENT Corp cut its holdings in CAVA Group, Inc. (NYSE:CAVA) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,626 shares of the company’s stock after selling 2,539 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in CAVA Group were worth $5,485,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in CAVA Group by 121.0% during the third 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. Charles Schwab Investment Management Inc. raised its holdings in CAVA Group by 262.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock valued at $63,918,000 after buying an additional 373,835 shares during the period. Two Sigma Advisers LP lifted its position in CAVA Group by 17.0% in the third quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock worth $273,820,000 after buying an additional 321,800 shares during the last quarter. State Street Corp boosted its stake in CAVA Group by 33.3% during the third quarter. State Street Corp now owns 1,267,333 shares of the company’s stock worth $156,959,000 after buying an additional 316,514 shares during the period. Finally, Eagle Asset Management Inc. increased its position in CAVA Group by 233.4% during the third quarter. Eagle Asset Management Inc. now owns 398,991 shares of the company’s stock valued at $49,415,000 after acquiring an additional 279,306 shares during the last quarter. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the transaction, the director now owns 1,307 shares in the company, valued at $182,980. The trade was a 91.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the sale, the director now directly owns 6,307 shares of the company’s stock, valued at $942,265.80. The trade was a 99.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 652,549 shares of company stock worth $97,242,271. 12.10% of the stock is currently owned by company insiders.

CAVA Group Price Performance

Shares of CAVA Group stock opened at $115.30 on Thursday. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of 250.65 and a beta of 3.21. The firm’s 50-day moving average is $129.28 and its two-hundred day moving average is $117.23. CAVA Group, Inc. has a 1 year low of $42.65 and a 1 year high of $172.43.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The company’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. On average, equities analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

CAVA has been the subject of several analyst reports. Loop Capital raised their target price on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Barclays decreased their price objective on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. TD Securities upped their target price on CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. raised their price target on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Citigroup upped their price objective on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.13.

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.