CAVA Group, Inc. (NYSE:CAVA) Shares Purchased by Tsfg LLC

Tsfg LLC boosted its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 250.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 770 shares of the company’s stock after buying an additional 550 shares during the quarter. Tsfg LLC’s holdings in CAVA Group were worth $87,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Nemes Rush Group LLC acquired a new position in shares of CAVA Group during the 2nd quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC purchased a new position in CAVA Group during the second quarter worth $36,000. Headlands Technologies LLC acquired a new position in shares of CAVA Group in the second quarter worth $37,000. GAMMA Investing LLC lifted its position in shares of CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after acquiring an additional 125 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of CAVA Group during the third quarter valued at $50,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CAVA. Sanford C. Bernstein assumed coverage on shares of CAVA Group in a research note on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 target price for the company. Barclays reduced their price objective on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. JPMorgan Chase & Co. increased 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. Finally, Citigroup lifted their price objective on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $142.13.

Insiders Place Their Bets

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $149.40, for a total value of $93,008,820.60. Following the transaction, the director now owns 6,307 shares in the company, valued at $942,265.80. The trade was a 99.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Karen Kochevar sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total value of $2,133,450.00. Following the sale, the director now owns 1,307 shares of the company’s stock, valued at $185,894.61. This represents a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 652,549 shares of company stock worth $97,242,271 over the last quarter. 12.10% of the stock is owned by corporate insiders.

CAVA Group Stock Performance

NYSE CAVA opened at $110.90 on Tuesday. CAVA Group, Inc. has a one year low of $42.65 and a one year high of $172.43. The company’s 50 day moving average price is $130.16 and its 200 day moving average price is $117.10. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 241.09 and a beta of 3.21.

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