Swiss National Bank Has $17.76 Million Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Swiss National Bank increased its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 41.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 157,400 shares of the company’s stock after acquiring an additional 46,000 shares during the quarter. Swiss National Bank’s holdings in CAVA Group were worth $17,755,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CAVA. Victory Capital Management Inc. boosted its position in CAVA Group by 74.1% during the 3rd quarter. Victory Capital Management Inc. now owns 20,354 shares of the company’s stock worth $2,521,000 after buying an additional 8,660 shares during the period. KBC Group NV boosted its stake in shares of CAVA Group by 40.8% in the 3rd quarter. KBC Group NV now owns 1,598 shares of the company’s stock valued at $198,000 after purchasing an additional 463 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of CAVA Group by 22.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,041 shares of the company’s stock valued at $377,000 after purchasing an additional 560 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of CAVA Group by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after purchasing an additional 110 shares during the last quarter. Finally, Natixis Advisors LLC bought a new stake in shares of CAVA Group in the 3rd quarter valued at $1,360,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Theodoros Xenohristos sold 851 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $101,422.18. Following the completion of the sale, the insider now owns 358,995 shares in the company, valued at approximately $42,785,024.10. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brett Schulman sold 20,564 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the sale, the chief executive officer now owns 776,369 shares of the company’s stock, valued at $92,527,657.42. This trade represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,235 shares of company stock worth $3,514,101 over the last quarter. Insiders own 12.10% of the company’s stock.

CAVA Group Trading Down 2.3 %

CAVA opened at $76.76 on Wednesday. The company’s fifty day moving average price is $112.56 and its two-hundred day moving average price is $123.66. CAVA Group, Inc. has a 1-year low of $58.22 and a 1-year high of $172.43. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 166.86 and a beta of 3.58.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data 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 business had revenue of $227.40 million for the quarter, compared to analyst estimates of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. As a group, equities analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CAVA. UBS Group reduced their price objective on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Barclays reduced their price objective on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. TD Securities reduced their price objective on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. Finally, Sanford C. Bernstein began coverage on shares of CAVA Group in a research note on Wednesday, November 20th. They set a “market perform” rating and a $145.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.47.

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.