Toth Financial Advisory Corp Boosts Position in CAVA Group, Inc. (NYSE:CAVA)

Toth Financial Advisory Corp increased its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 197.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,506 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Toth Financial Advisory Corp’s holdings in CAVA Group were worth $105,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capital Research Global Investors lifted its stake in CAVA Group by 249.5% in the fourth quarter. Capital Research Global Investors now owns 4,369,281 shares of the company’s stock valued at $187,792,000 after buying an additional 3,119,281 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in CAVA Group by 79.5% in the fourth quarter. 1832 Asset Management L.P. now owns 2,248,400 shares of the company’s stock valued at $96,636,000 after buying an additional 995,800 shares during the last quarter. Vanguard Group Inc. lifted its stake in CAVA Group by 15.5% in the third quarter. Vanguard Group Inc. now owns 1,460,824 shares of the company’s stock valued at $44,745,000 after buying an additional 196,019 shares during the last quarter. Jennison Associates LLC lifted its stake in CAVA Group by 24.7% in the fourth quarter. Jennison Associates LLC now owns 1,222,240 shares of the company’s stock valued at $52,532,000 after buying an additional 242,376 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of CAVA Group by 92.1% in the third quarter. FMR LLC now owns 1,138,113 shares of the company’s stock valued at $34,860,000 after purchasing an additional 545,799 shares during the period. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Insider Buying and Selling at CAVA Group

In other news, Director Theodoros Xenohristos sold 90,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $91.01, for a total value of $8,190,900.00. Following the sale, the director now directly owns 424,846 shares in the company, valued at $38,665,234.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Theodoros Xenohristos sold 90,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $91.01, for a total value of $8,190,900.00. Following the sale, the director now directly owns 424,846 shares in the company, valued at $38,665,234.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brett Schulman sold 66,414 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $90.11, for a total value of $5,984,565.54. Following the completion of the sale, the chief executive officer now owns 904,094 shares in the company, valued at $81,467,910.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,414,615 shares of company stock valued at $124,128,832.

Analysts Set New Price Targets

CAVA has been the topic of a number of recent research reports. Argus raised CAVA Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Wednesday, April 10th. Morgan Stanley boosted their target price on CAVA Group from $68.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Piper Sandler lowered CAVA Group from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $63.00 to $92.00 in a report on Thursday, May 30th. Wedbush boosted their target price on CAVA Group from $74.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, May 29th. Finally, Citigroup boosted their target price on CAVA Group from $60.00 to $81.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, CAVA Group presently has an average rating of “Moderate Buy” and a consensus price target of $81.50.

CAVA Group Price Performance

CAVA Group stock traded up $1.18 during trading hours on Friday, hitting $92.75. The stock had a trading volume of 5,194,704 shares, compared to its average volume of 3,128,698. The stock has a market capitalization of $10.58 billion and a price-to-earnings ratio of 226.23. CAVA Group, Inc. has a 1-year low of $29.05 and a 1-year high of $97.64. The stock’s fifty day moving average is $81.72 and its two-hundred day moving average is $63.25.

CAVA Group (NYSE:CAVA) last posted its earnings results on Tuesday, May 28th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.08. The company had revenue of $259.01 million for the quarter, compared to analyst estimates of $246.02 million. CAVA Group had a return on equity of 5.18% and a net margin of 3.75%. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that CAVA Group, Inc. will post 0.34 EPS for the current year.

CAVA Group 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.