CAVA Group, Inc. (NYSE:CAVA) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its holdings in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 81.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 924 shares of the company's stock after selling 3,931 shares during the quarter. National Bank of Canada FI's holdings in CAVA Group were worth $104,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Stifel Financial Corp increased its position in CAVA Group by 7.9% in the third quarter. Stifel Financial Corp now owns 57,395 shares of the company's stock worth $7,108,000 after buying an additional 4,214 shares in the last quarter. State Street Corp increased its holdings in CAVA Group by 33.3% in the 3rd quarter. State Street Corp now owns 1,267,333 shares of the company's stock worth $156,959,000 after acquiring an additional 316,514 shares in the last quarter. MML Investors Services LLC purchased a new stake in CAVA Group in the 3rd quarter worth approximately $288,000. Nomura Asset Management Co. Ltd. bought a new stake in CAVA Group during the 3rd quarter worth approximately $285,000. Finally, M&T Bank Corp lifted its holdings in CAVA Group by 75.2% during the third quarter. M&T Bank Corp now owns 6,320 shares of the company's stock valued at $783,000 after purchasing an additional 2,712 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CAVA has been the topic of several recent analyst reports. Loop Capital decreased their price objective on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. William Blair reissued an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. Citigroup dropped their price objective on CAVA Group from $163.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. TD Securities decreased their target price on CAVA Group from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, Barclays lowered their price target on CAVA Group from $127.00 to $104.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, CAVA Group currently has a consensus rating of "Moderate Buy" and an average price target of $127.56.

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Insider Activity

In other news, CAO Adam David Phillips sold 615 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $76,499.85. Following the completion of the sale, the chief accounting officer now owns 10,884 shares of the company's stock, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tricia K. Tolivar sold 2,086 shares of CAVA Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $248,609.48. Following the completion of the transaction, the chief financial officer now owns 235,592 shares in the company, valued at $28,077,854.56. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,235 shares of company stock valued at $3,514,101. Corporate insiders own 12.10% of the company's stock.

CAVA Group Trading Down 0.9 %

Shares of CAVA stock traded down $0.81 on Tuesday, reaching $88.23. 1,942,253 shares of the company's stock were exchanged, compared to its average volume of 3,092,059. The company's fifty day simple moving average is $96.42 and its 200 day simple moving average is $118.34. The stock has a market capitalization of $10.20 billion, a PE ratio of 191.80 and a beta of 3.33. CAVA Group, Inc. has a 52 week low of $58.22 and a 52 week high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $227.40 million during the quarter, compared to analysts' expectations of $223.34 million. As a group, sell-side analysts predict 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.