Yeomans Consulting Group Inc. Sells 2,232 Shares of CAVA Group, Inc. (NYSE:CAVA)

Yeomans Consulting Group Inc. reduced its stake in CAVA Group, Inc. (NYSE:CAVA) by 46.8% in the 4th quarter, Holdings Channel reports. The firm owned 2,542 shares of the company’s stock after selling 2,232 shares during the period. Yeomans Consulting Group Inc.’s holdings in CAVA Group were worth $287,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Nemes Rush Group LLC acquired a new stake in shares of CAVA Group in the second quarter worth $28,000. GAMMA Investing LLC raised its holdings in CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 125 shares during the period. Sunbelt Securities Inc. acquired a new position in CAVA Group during the 3rd quarter worth $50,000. Burkett Financial Services LLC bought a new stake in CAVA Group during the fourth quarter valued at about $56,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of CAVA Group by 98.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 875 shares of the company’s stock valued at $81,000 after purchasing an additional 433 shares during the last quarter. Institutional investors own 73.15% of the company’s stock.

Insider Buying and Selling

In related news, Director Karen Kochevar sold 15,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the sale, the director now directly owns 1,307 shares in the company, valued at $182,980. This represents a 91.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tricia K. Tolivar sold 2,086 shares of the firm’s 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 sale, the chief financial officer now directly owns 235,592 shares of the company’s stock, 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. Insiders sold 676,050 shares of company stock worth $100,043,120 in the last quarter. 12.10% of the stock is owned by corporate insiders.

CAVA Group Trading Up 0.6 %

CAVA stock opened at $124.14 on Friday. CAVA Group, Inc. has a 1-year low of $44.80 and a 1-year high of $172.43. The business’s 50 day moving average is $126.66 and its 200-day moving average is $118.09. The firm has a market cap of $14.22 billion, a P/E ratio of 269.87 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $243.82 million for the quarter, compared to analysts’ expectations of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business’s revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. Sell-side analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CAVA. Barclays cut their price objective on CAVA Group from $142.00 to $127.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler increased their price objective on CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. William Blair restated an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. Citigroup upped their target price on shares of CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.