CAVA Group, Inc. (NYSE:CAVA) Short Interest Down 32.6% in February

CAVA Group, Inc. (NYSE:CAVA - Get Free Report) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 6,070,000 shares, a decrease of 32.6% from the February 13th total of 9,010,000 shares. Approximately 6.2% of the company's shares are short sold. Based on an average daily volume of 2,880,000 shares, the short-interest ratio is presently 2.1 days.

CAVA Group Stock Performance

Shares of NYSE:CAVA traded up $4.42 during midday trading on Wednesday, reaching $81.20. 4,358,103 shares of the company's stock traded hands, compared to its average volume of 2,901,903. CAVA Group has a one year low of $58.22 and a one year high of $172.43. The stock has a 50 day moving average of $112.56 and a 200 day moving average of $123.66. The company has a market cap of $9.39 billion, a price-to-earnings ratio of 176.53 and a beta of 3.58.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The company had revenue of $227.40 million during the quarter, compared to the consensus estimate of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. Sell-side analysts predict that CAVA Group will post 0.5 EPS for the current fiscal year.

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Analyst Ratings Changes

A number of research analysts have recently commented on CAVA shares. Wedbush restated an "outperform" rating and issued a $150.00 target price on shares of CAVA Group in a research note on Wednesday, February 26th. William Blair restated an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. UBS Group decreased their price target on shares of CAVA Group from $160.00 to $125.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Citigroup dropped their price objective on shares of CAVA Group from $163.00 to $140.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Finally, TD Securities lowered their target price on shares of CAVA Group from $150.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $131.47.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Kenneth Robert Bertram sold 678 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $84,336.42. Following the transaction, the insider now directly owns 57,312 shares of the company's stock, valued at approximately $7,129,039.68. The trade was a 1.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tricia K. Tolivar sold 1,505 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $187,206.95. Following the completion of the sale, the chief financial officer now directly owns 234,087 shares of the company's stock, valued at approximately $29,118,081.93. This represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,235 shares of company stock valued at $3,514,101 in the last 90 days. Insiders own 12.10% of the company's stock.

Hedge Funds Weigh In On CAVA Group

A number of institutional investors and hedge funds have recently made changes to their positions in CAVA. Arcadia Investment Management Corp MI bought a new position in CAVA Group in the fourth quarter worth approximately $25,000. Allworth Financial LP raised its holdings in CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company's stock worth $30,000 after purchasing an additional 192 shares during the period. Larson Financial Group LLC grew its holdings in CAVA Group by 274.0% during the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company's stock valued at $31,000 after purchasing an additional 200 shares during the period. Whittier Trust Co. lifted its position in shares of CAVA Group by 80.9% during the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after buying an additional 127 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in CAVA Group by 884.4% during the fourth quarter. Signaturefd LLC now owns 315 shares of the company's stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 73.15% of the company's stock.

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.