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

Tufton Capital Management lowered its stake in CAVA Group, Inc. (NYSE:CAVA) by 6.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,125 shares of the company’s stock after selling 150 shares during the quarter. Tufton Capital Management’s holdings in CAVA Group were worth $240,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Conway Capital Management Inc. acquired a new stake in CAVA Group in the 3rd quarter valued at about $5,524,000. Entropy Technologies LP acquired a new stake in shares of CAVA Group during the 4th quarter worth about $2,097,000. Empowered Funds LLC acquired a new stake in shares of CAVA Group during the 4th quarter worth about $5,007,000. SpiderRock Advisors LLC raised its position in shares of CAVA Group by 8.9% during the 3rd quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock worth $59,364,000 after acquiring an additional 39,319 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of CAVA Group by 262.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock worth $63,918,000 after acquiring an additional 373,835 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus raised 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. UBS Group cut their target price on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. 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 report on Thursday. Robert W. Baird raised their target price on CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price target on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.47.

Insider Activity

In related news, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction on Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the completion of the transaction, the director now directly owns 6,307 shares of the company’s stock, valued at approximately $942,265.80. The trade was a 99.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Tricia K. Tolivar sold 2,086 shares of CAVA Group stock in a transaction 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 represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 651,784 shares of company stock valued at $96,522,922 in the last three months. 12.10% of the stock is currently owned by company insiders.

CAVA Group Trading Down 9.0 %

Shares of CAVA stock opened at $90.02 on Friday. The business’s 50 day moving average is $121.75 and its two-hundred day moving average is $125.78. CAVA Group, Inc. has a twelve month low of $54.21 and a twelve month high of $172.43. The company has a market capitalization of $10.31 billion, a P/E ratio of 195.69 and a beta of 3.25.

CAVA Group (NYSE:CAVA) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. As a group, equities analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

About CAVA Group

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.