Kingswood Wealth Advisors LLC Makes New Investment in CAVA Group, Inc. (NYSE:CAVA)

Kingswood Wealth Advisors LLC bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,306 shares of the company's stock, valued at approximately $260,000.

Other institutional investors also recently bought and sold shares of the company. Nwam LLC increased its holdings in shares of CAVA Group by 2.6% during the 3rd quarter. Nwam LLC now owns 3,368 shares of the company's stock valued at $417,000 after acquiring an additional 85 shares during the last quarter. Howard Financial Services LTD. grew its holdings in CAVA Group by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock valued at $699,000 after purchasing an additional 109 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of CAVA Group by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company's stock worth $407,000 after buying an additional 110 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of CAVA Group by 6.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company's stock worth $237,000 after buying an additional 113 shares during the period. Finally, GAMMA Investing LLC grew its stake in CAVA Group by 37.0% in the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company's stock valued at $48,000 after buying an additional 114 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors.

CAVA Group Stock Down 2.9 %

CAVA Group stock traded down $4.03 during mid-day trading on Friday, hitting $134.92. 1,700,054 shares of the company were exchanged, compared to its average volume of 1,911,372. The company has a market capitalization of $15.46 billion, a PE ratio of 293.31 and a beta of 3.21. The business has a fifty day moving average of $125.06 and a 200 day moving average of $120.14. CAVA Group, Inc. has a 1-year low of $46.56 and a 1-year high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last released its quarterly 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 firm had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. During the same period in the previous year, the business earned $0.06 earnings per share. The company's revenue for the quarter was up 38.9% compared to the same quarter last year. Research analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Buying and Selling at CAVA Group

In other news, CAO Adam David Phillips sold 615 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the transaction, the chief accounting officer now directly owns 10,884 shares in the company, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karen Kochevar sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the director now directly owns 1,307 shares of the company's stock, valued at approximately $182,980. This represents a 91.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 681,784 shares of company stock worth $100,756,372. 12.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CAVA shares. TD Cowen upped their price target on shares of CAVA Group from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Piper Sandler raised their target price on CAVA Group from $100.00 to $142.00 and gave the company a "neutral" rating in a report on Friday, November 15th. Wedbush upped their price target on CAVA Group from $155.00 to $190.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Citigroup boosted their target price on shares of CAVA Group from $140.00 to $163.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Finally, William Blair restated an "outperform" rating on shares of CAVA Group in a research report on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $142.13.

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.