Entropy Technologies LP Acquires New Stake in CAVA Group, Inc. (NYSE:CAVA)

Entropy Technologies LP purchased a new position in CAVA Group, Inc. (NYSE:CAVA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,594 shares of the company's stock, valued at approximately $2,097,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Conway Capital Management Inc. purchased a new stake in CAVA Group in the 3rd quarter valued at approximately $5,524,000. Empowered Funds LLC purchased a new stake in CAVA Group in the 4th quarter valued at approximately $5,007,000. SpiderRock Advisors LLC lifted its stake in CAVA Group by 8.9% in the 3rd quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company's stock valued at $59,364,000 after buying an additional 39,319 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in CAVA Group by 262.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company's stock valued at $63,918,000 after buying an additional 373,835 shares in the last quarter. Finally, PFG Investments LLC lifted its stake in CAVA Group by 36.8% in the 3rd quarter. PFG Investments LLC now owns 15,907 shares of the company's stock valued at $1,970,000 after buying an additional 4,275 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company's stock.

Wall Street Analyst Weigh In

CAVA has been the topic of a number of recent research reports. Loop Capital upped their target price on CAVA Group from $122.00 to $147.00 and gave the company a "hold" rating in a research note on Thursday, November 14th. UBS Group reduced their price target on CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. William Blair reissued an "outperform" rating on shares of CAVA Group in a research note on Wednesday, November 13th. Piper Sandler increased their price target on CAVA Group from $100.00 to $142.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. Finally, Robert W. Baird increased their price target on CAVA Group from $125.00 to $148.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.13.

CAVA Group Trading Up 0.1 %

NYSE CAVA traded up $0.20 during trading hours on Thursday, reaching $130.50. The company's stock had a trading volume of 1,924,789 shares, compared to its average volume of 1,997,940. The business has a 50-day simple moving average of $124.37 and a 200 day simple moving average of $123.39. CAVA Group, Inc. has a 52 week low of $48.10 and a 52 week high of $172.43. The stock has a market cap of $14.95 billion, a PE ratio of 283.68 and a beta of 3.25.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $243.82 million for the quarter, compared to analysts' expectations of $233.05 million. During the same quarter last year, the company posted $0.06 earnings per share. CAVA Group's revenue was up 38.9% on a year-over-year basis. As a group, equities analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insiders Place Their Bets

In other news, insider Kenneth Robert Bertram sold 678 shares of CAVA Group stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $84,336.42. Following the sale, the insider now owns 57,312 shares of the company's stock, valued at approximately $7,129,039.68. The trade was a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brett Schulman sold 20,564 shares of CAVA Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $2,450,817.52. Following the sale, the chief executive officer now directly owns 776,369 shares in the company, valued at approximately $92,527,657.42. This trade represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 681,784 shares of company stock valued at $100,756,372 over the last quarter. Insiders own 12.10% of the company's stock.

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.