CAVA Group, Inc. (NYSE:CAVA) Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC lowered its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 10.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,043 shares of the company’s stock after selling 828 shares during the quarter. Jackson Square Capital LLC’s holdings in CAVA Group were worth $794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAVA. Nwam LLC increased its stake in shares of CAVA Group by 2.6% during the third quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after buying an additional 85 shares during the period. Howard Financial Services LTD. raised its holdings in CAVA Group by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock valued at $699,000 after acquiring an additional 109 shares in the last quarter. CIBC Asset Management Inc raised its holdings in CAVA Group by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after acquiring an additional 110 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in CAVA Group by 6.3% in the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after acquiring an additional 113 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after acquiring an additional 114 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Insider Transactions at CAVA Group

In other news, Director Ronald M. Shaich sold 622,549 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the completion of the transaction, the director now directly owns 6,307 shares of the company’s stock, valued at $942,265.80. This represents a 99.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karen Kochevar sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $142.23, for a total value of $2,133,450.00. Following the transaction, the director now directly owns 1,307 shares of the company’s stock, valued at $185,894.61. This represents a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 652,549 shares of company stock worth $97,242,271 over the last 90 days. 12.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. UBS Group reduced their target price on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Barclays cut their price objective on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley raised their price objective on shares of CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Robert W. Baird raised their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, TD Cowen raised their price objective on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $142.13.

CAVA Group Trading Up 0.6 %

CAVA opened at $118.21 on Friday. The stock has a market cap of $13.54 billion, a PE ratio of 256.98 and a beta of 3.21. CAVA Group, Inc. has a 1 year low of $43.51 and a 1 year high of $172.43. The stock’s 50 day simple moving average is $128.22 and its 200-day simple moving average is $117.55.

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

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.