4,023 Shares in CAVA Group, Inc. (NYSE:CAVA) Bought by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,023 shares of the company's stock, valued at approximately $498,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in CAVA Group by 215.7% in the 1st quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company's stock valued at $346,330,000 after acquiring an additional 3,377,840 shares during the period. Acadian Asset Management LLC acquired a new stake in CAVA Group in the 1st quarter valued at approximately $323,000. American International Group Inc. increased its position in CAVA Group by 194.2% in the 1st quarter. American International Group Inc. now owns 709 shares of the company's stock valued at $50,000 after acquiring an additional 468 shares during the period. Quadrature Capital Ltd acquired a new stake in CAVA Group in the 1st quarter valued at approximately $662,000. Finally, Public Employees Retirement System of Ohio increased its position in CAVA Group by 171.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 18,381 shares of the company's stock valued at $1,288,000 after acquiring an additional 11,618 shares during the period. Institutional investors own 73.15% of the company's stock.

CAVA Group Stock Down 1.7 %

Shares of CAVA Group stock traded down $2.44 during midday trading on Monday, hitting $142.56. The company's stock had a trading volume of 3,087,403 shares, compared to its average volume of 2,793,161. The firm has a market capitalization of $16.33 billion, a P/E ratio of 315.22 and a beta of 3.23. The stock has a 50-day simple moving average of $133.66 and a 200-day simple moving average of $107.15. CAVA Group, Inc. has a 1-year low of $31.47 and a 1-year high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The business had revenue of $243.82 million during the quarter, compared to analysts' expectations of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. CAVA Group's revenue was up 38.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. As a group, sell-side analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Transactions at CAVA Group

In related news, Director Karen Kochevar sold 15,000 shares of the stock in a transaction on Friday, November 15th. The stock was 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 in the company, valued at approximately $182,980. This trade represents a 91.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CAVA has been the topic of several research analyst reports. TD Cowen lifted their price target on CAVA Group from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Stifel Nicolaus lifted their price target on CAVA Group from $118.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Morgan Stanley lifted their price target on CAVA Group from $123.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, November 14th. Robert W. Baird lifted their price target on CAVA Group from $125.00 to $148.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Finally, William Blair reiterated an "outperform" rating on shares of CAVA Group in a research report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, CAVA Group currently has a consensus rating of "Moderate Buy" and an average price target of $143.80.

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.