Federated Hermes Inc. Sells 294,880 Shares of CAVA Group, Inc. $CAVA

Federated Hermes Inc. lowered its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 40.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 429,975 shares of the company’s stock after selling 294,880 shares during the quarter. Federated Hermes Inc. owned approximately 0.37% of CAVA Group worth $25,975,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. State Street Corp grew its stake in shares of CAVA Group by 5.0% during the second quarter. State Street Corp now owns 2,543,335 shares of the company’s stock valued at $214,225,000 after purchasing an additional 122,163 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CAVA Group by 16.2% in the second quarter. Geode Capital Management LLC now owns 1,622,898 shares of the company’s stock valued at $136,715,000 after acquiring an additional 226,785 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in CAVA Group by 58.7% in the second quarter. Alliancebernstein L.P. now owns 1,353,058 shares of the company’s stock valued at $113,968,000 after buying an additional 500,367 shares during the period. Champlain Investment Partners LLC boosted its holdings in CAVA Group by 108.3% during the second quarter. Champlain Investment Partners LLC now owns 1,351,955 shares of the company’s stock worth $113,875,000 after buying an additional 703,020 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of CAVA Group by 8.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,082,183 shares of the company’s stock worth $91,152,000 after buying an additional 85,834 shares during the period. 73.15% of the stock is owned by institutional investors.

Insider Activity at CAVA Group

In related news, insider Kenneth Robert Bertram sold 994 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total value of $61,767.16. Following the completion of the transaction, the insider owned 49,122 shares of the company’s stock, valued at $3,052,441.08. The trade was a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Tricia K. Tolivar sold 2,404 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total transaction of $149,384.56. Following the sale, the chief financial officer directly owned 231,934 shares of the company’s stock, valued at $14,412,378.76. This represents a 1.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 42,843 shares of company stock worth $2,764,355 in the last quarter. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CAVA shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $68.00 price target on shares of CAVA Group in a research report on Wednesday, November 5th. Citigroup reaffirmed a “neutral” rating on shares of CAVA Group in a research note on Wednesday, November 12th. Argus reduced their price target on shares of CAVA Group from $76.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Stifel Nicolaus set a $75.00 price target on shares of CAVA Group in a report on Wednesday, November 5th. Finally, UBS Group lifted their target price on CAVA Group from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.57.

CAVA Group Trading Down 3.9%

NYSE:CAVA opened at $60.56 on Friday. The stock has a market cap of $7.02 billion, a P/E ratio of 52.21, a PEG ratio of 4.48 and a beta of 2.41. The stock has a 50 day simple moving average of $59.75 and a 200 day simple moving average of $64.44. CAVA Group, Inc. has a 1-year low of $43.41 and a 1-year high of $144.49.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $292.24 million during the quarter, compared to analyst estimates of $292.88 million. CAVA Group had a net margin of 12.14% and a return on equity of 8.88%. The company’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the company posted $0.15 earnings per share. As a group, sell-side analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

Key CAVA Group News

Here are the key news stories impacting CAVA Group this week:

• Positive Sentiment: Institutional buying and analyst support — large investors (including Goldman Sachs and UBS asset management) have increased stakes recently and some sell‑side firms (Barclays, UBS) have raised or maintained price targets, which provides a counterbalance to short‑term selling. CAVA Stock Looking for Direction After Earnings Miss
• Neutral Sentiment: Elevated retail/investor interest — Zacks flags heavier search activity for CAVA, which can increase intraday volume and volatility but doesn’t directly change fundamentals. Investors Heavily Search CAVA Group
• Negative Sentiment: Clustered insider selling — CEO Brett Schulman sold 4,542 shares (~$282k), CFO Tricia Tolivar sold 2,404 shares (~$149k) and several other officers (including Kelly Costanza, Theodoros Xenohristos, Kenneth Bertram and CAO Adam Phillips) sold additional shares on Jan. 27, totaling ~11.5k shares (~$710k). The concentrated timing and size of these officer sales is being read negatively by traders even though insiders retain large holdings. How CEO Stock Sale And Softer Earnings Views At CAVA Group Have Changed Its Investment Story
• Negative Sentiment: Confirmed CAO sale filing — CAO Adam David Phillips sold 774 shares at ~$62.14 per share (Form 4 disclosure). The filings provide exact trade details that market participants use to assess intent. CAVA CAO Adam David Phillips Sells 774 Shares
• Negative Sentiment: Softer near‑term earnings/growth view — CAVA missed consensus on its last quarterly EPS and analysts are tempering near‑term forecasts (consensus FY EPS remains modest), which amplifies negative reaction to insider sales. CAVA Stock Looking for Direction After Earnings Miss

About CAVA Group

CAVA Group, Inc (NYSE: CAVA) is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe’s Kitchen.