Yeomans Consulting Group Inc. Trims Stock Position in CAVA Group, Inc. (NYSE:CAVA)

Yeomans Consulting Group Inc. trimmed its holdings in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 46.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,542 shares of the company's stock after selling 2,232 shares during the quarter. Yeomans Consulting Group Inc.'s holdings in CAVA Group were worth $287,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Nemes Rush Group LLC bought a new stake in shares of CAVA Group during the second quarter worth $28,000. GAMMA Investing LLC lifted its holdings in CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company's stock valued at $38,000 after buying an additional 125 shares in the last quarter. Sunbelt Securities Inc. bought a new position in CAVA Group in the 3rd quarter worth about $50,000. Burkett Financial Services LLC bought a new stake in shares of CAVA Group during the fourth quarter valued at approximately $56,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of CAVA Group by 98.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 875 shares of the company's stock valued at $81,000 after purchasing an additional 433 shares during the period. Hedge funds and other institutional investors own 73.15% of the company's stock.

CAVA Group Price Performance

NYSE:CAVA traded up $0.96 during midday trading on Friday, hitting $124.97. The company's stock had a trading volume of 1,635,974 shares, compared to its average volume of 2,086,175. The firm's 50 day moving average is $126.05 and its 200-day moving average is $118.34. CAVA Group, Inc. has a fifty-two week low of $44.80 and a fifty-two week high of $172.43. The firm has a market cap of $14.32 billion, a P/E ratio of 271.68 and a beta of 3.21.

CAVA Group (NYSE:CAVA - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. During the same quarter in the prior year, the firm posted $0.06 EPS. The business's quarterly revenue was up 38.9% compared to the same quarter last year. As a group, analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Activity at CAVA Group

In other news, insider Theodoros Xenohristos sold 851 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $101,422.18. Following the completion of the transaction, the insider now directly owns 358,995 shares in the company, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Karen Kochevar sold 15,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the director now owns 1,307 shares in the company, valued at $182,980. This trade 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 676,050 shares of company stock worth $100,043,120 in the last 90 days. Corporate insiders own 12.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CAVA. Barclays decreased their target price on CAVA Group from $142.00 to $127.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. UBS Group cut their target price on shares of CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Citigroup boosted their price target on CAVA Group from $140.00 to $163.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Wedbush raised their price target on shares of CAVA Group from $155.00 to $190.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus boosted their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.13.

About CAVA Group

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.