K.J. Harrison & Partners Inc Sells 2,000 Shares of CAVA Group, Inc. (NYSE:CAVA)

K.J. Harrison & Partners Inc trimmed its position in CAVA Group, Inc. (NYSE:CAVA) by 18.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,000 shares of the company’s stock after selling 2,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in CAVA Group were worth $1,037,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of CAVA Group by 0.9% in the third quarter. FMR LLC now owns 3,485,033 shares of the company’s stock valued at $431,621,000 after acquiring an additional 29,668 shares during the period. Jennison Associates LLC increased its holdings in CAVA Group by 36,658.7% during the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock valued at $277,683,000 after purchasing an additional 2,455,035 shares during the period. Two Sigma Advisers LP raised its position in CAVA Group by 17.0% during the 3rd quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock valued at $273,820,000 after purchasing an additional 321,800 shares during the last quarter. Lord Abbett & CO. LLC grew its position in shares of CAVA Group by 1.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,358,250 shares of the company’s stock worth $168,219,000 after buying an additional 19,493 shares during the last quarter. Finally, State Street Corp increased its stake in shares of CAVA Group by 33.3% during the third quarter. State Street Corp now owns 1,267,333 shares of the company’s stock valued at $156,959,000 after buying an additional 316,514 shares during the period. 73.15% of the stock is currently owned by institutional investors.

CAVA Group Stock Down 0.5 %

CAVA Group stock opened at $98.77 on Thursday. The stock’s 50 day moving average is $122.12 and its 200 day moving average is $125.97. The company has a market capitalization of $11.32 billion, a P/E ratio of 214.71 and a beta of 3.25. CAVA Group, Inc. has a twelve month low of $52.81 and a twelve month high of $172.43.

CAVA Group (NYSE:CAVA) last issued its quarterly 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). The company had revenue of $227.40 million for the quarter, compared to the consensus estimate of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. As a group, equities analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Loop Capital raised their price target on CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of CAVA Group in a research report on Wednesday. William Blair reiterated an “outperform” rating on shares of CAVA Group in a research report on Wednesday. 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. Finally, Barclays cut their price objective on CAVA Group from $127.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.40.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction on 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 sale, the director now directly owns 6,307 shares in the company, valued at approximately $942,265.80. This trade represents a 99.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the business’s stock in a transaction 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 owns 358,995 shares of the company’s stock, valued at $42,785,024.10. This represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 651,784 shares of company stock worth $96,522,922. 12.10% of the stock is owned by corporate insiders.

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.