Liberty One Investment Management LLC Reduces Position in CAVA Group, Inc. (NYSE:CAVA)

Liberty One Investment Management LLC reduced its position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 44.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,412 shares of the company's stock after selling 5,906 shares during the quarter. Liberty One Investment Management LLC's holdings in CAVA Group were worth $836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new stake in CAVA Group in the 2nd quarter worth approximately $28,000. GAMMA Investing LLC raised its holdings in shares of CAVA Group by 68.3% during the third quarter. GAMMA Investing LLC now owns 308 shares of the company's stock valued at $38,000 after acquiring an additional 125 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in CAVA Group in the third quarter worth $50,000. Burkett Financial Services LLC bought a new stake in CAVA Group in the fourth quarter valued at $56,000. Finally, ORG Partners LLC purchased a new position in CAVA Group during the 3rd quarter valued at $93,000. Hedge funds and other institutional investors own 73.15% of the company's stock.

Insider Transactions at CAVA Group

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

CAVA Group Trading Up 0.6 %

NYSE:CAVA traded up $0.70 on Monday, reaching $118.21. 1,719,632 shares of the stock traded hands, compared to its average volume of 1,932,643. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 256.98 and a beta of 3.21. CAVA Group, Inc. has a 12 month low of $43.51 and a 12 month high of $172.43. The company's fifty day simple moving average is $128.22 and its 200 day simple moving average is $117.71.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $243.82 million during 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 firm's quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. Equities analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. William Blair reaffirmed an "outperform" rating on shares of CAVA Group in a research note on Wednesday, November 13th. Robert W. Baird lifted their price objective on CAVA Group from $125.00 to $148.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Stifel Nicolaus increased their target price on CAVA Group from $118.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Sanford C. Bernstein began coverage on CAVA Group in a research report on Wednesday, November 20th. They set a "market perform" rating and a $145.00 price target on the stock. Finally, Piper Sandler increased their price objective on CAVA Group from $100.00 to $142.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, CAVA Group currently has an average rating of "Moderate Buy" and a consensus price target of $142.13.

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.