CAVA Group, Inc. (NYSE:CAVA) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. trimmed its holdings in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 45.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,310 shares of the company's stock after selling 7,622 shares during the quarter. Twin Capital Management Inc.'s holdings in CAVA Group were worth $1,050,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of CAVA Group by 20.4% in the fourth quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company's stock valued at $903,709,000 after buying an additional 1,357,187 shares in the last quarter. FMR LLC boosted its holdings in CAVA Group by 14.1% during the 4th quarter. FMR LLC now owns 3,976,353 shares of the company's stock valued at $448,533,000 after acquiring an additional 491,320 shares during the period. Jennison Associates LLC grew its position in CAVA Group by 36,658.7% in the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company's stock valued at $277,683,000 after acquiring an additional 2,455,035 shares in the last quarter. Federated Hermes Inc. increased its stake in CAVA Group by 33.0% during the fourth quarter. Federated Hermes Inc. now owns 1,464,987 shares of the company's stock worth $165,243,000 after purchasing an additional 363,814 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in CAVA Group by 1.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,358,250 shares of the company's stock valued at $168,219,000 after buying an additional 19,493 shares during the period. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CAVA. Robert W. Baird set a $105.00 price objective on CAVA Group and gave the company an "outperform" rating in a research note on Monday. Wedbush reiterated an "outperform" rating and issued a $150.00 price objective on shares of CAVA Group in a research note on Wednesday, February 26th. 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 note on Tuesday, January 7th. Citigroup reduced their target price on shares of CAVA Group from $163.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Finally, Barclays lowered their price target on shares of CAVA Group from $127.00 to $104.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $127.56.

CAVA Group Stock Performance

NYSE CAVA traded down $0.34 during trading on Friday, reaching $88.43. The company's stock had a trading volume of 788,181 shares, compared to its average volume of 3,089,397. The business's fifty day moving average price is $98.54 and its 200-day moving average price is $118.90. CAVA Group, Inc. has a twelve month low of $58.22 and a twelve month high of $172.43. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 190.65 and a beta of 3.33.

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

Insider Transactions at CAVA Group

In other CAVA Group news, CEO Brett Schulman sold 20,564 shares of CAVA Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $2,450,817.52. Following the sale, the chief executive officer now owns 776,369 shares of the company's stock, valued at approximately $92,527,657.42. The trade was a 2.58 % 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 2,086 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $248,609.48. Following the transaction, the chief financial officer now directly owns 235,592 shares of the company's stock, valued at approximately $28,077,854.56. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,235 shares of company stock worth $3,514,101 over the last 90 days. 12.10% of the stock is currently owned by 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.