CAVA Group, Inc. (NYSE:CAVA) Shares Sold by Virtu Financial LLC

Virtu Financial LLC trimmed its position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 38.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,605 shares of the company's stock after selling 15,483 shares during the quarter. Virtu Financial LLC's holdings in CAVA Group were worth $2,775,000 at the end of the most recent quarter.

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

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Analysts Set New Price Targets

CAVA has been the topic of a number of recent research reports. Loop Capital cut their target price on CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Piper Sandler raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $142.00 to $115.00 in a research report on Friday, February 28th. UBS Group decreased their target price on shares of CAVA Group from $160.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Citigroup cut their price target 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, William Blair restated an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $131.47.

CAVA Group Trading Down 0.4 %

Shares of CAVA stock traded down $0.34 on Tuesday, reaching $89.99. The company's stock had a trading volume of 2,236,305 shares, compared to its average volume of 2,923,524. CAVA Group, Inc. has a 1 year low of $58.22 and a 1 year high of $172.43. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 195.64 and a beta of 3.58. The stock's fifty day simple moving average is $110.27 and its 200-day simple moving average is $122.83.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $227.40 million for 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%. Equities research analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Activity at CAVA Group

In other news, CAO Adam David Phillips sold 615 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $76,499.85. Following the completion of the sale, the chief accounting officer now owns 10,884 shares in the company, 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 SEC, which is accessible through this hyperlink. Also, CFO Tricia K. Tolivar sold 2,086 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $248,609.48. Following the completion of the sale, the chief financial officer now directly owns 235,592 shares of the company's stock, valued at approximately $28,077,854.56. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,235 shares of company stock worth $3,514,101. Company insiders own 12.10% 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.