Amundi Has $5.02 Million Holdings in CAVA Group, Inc. (NYSE:CAVA)

Amundi grew its stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 1,934.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,764 shares of the company's stock after purchasing an additional 41,613 shares during the quarter. Amundi's holdings in CAVA Group were worth $5,015,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CAVA. Nwam LLC increased its position in CAVA Group by 2.6% in the third quarter. Nwam LLC now owns 3,368 shares of the company's stock worth $417,000 after buying an additional 85 shares during the period. Howard Financial Services LTD. grew its position in shares of CAVA Group by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock worth $699,000 after acquiring an additional 109 shares during the last quarter. CIBC Asset Management Inc increased its holdings 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 worth $407,000 after acquiring an additional 110 shares during the period. GAMMA Investing LLC lifted its position 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 purchasing an additional 114 shares during the last quarter. Finally, Mainstream Capital Management LLC grew its position in CAVA Group by 0.7% in the 4th quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company's stock worth $2,003,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 73.15% of the company's stock.

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CAVA Group Trading Up 5.8 %

CAVA stock traded up $4.42 during mid-day trading on Wednesday, reaching $81.20. 3,194,478 shares of the stock traded hands, compared to its average volume of 2,963,396. CAVA Group, Inc. has a 52-week low of $58.22 and a 52-week high of $172.43. The stock's fifty day moving average is $112.56 and its 200-day moving average is $123.66. The company has a market cap of $9.39 billion, a P/E ratio of 176.53 and a beta of 3.58.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm had revenue of $227.40 million during the quarter, compared to analysts' expectations of $223.34 million. Equities research analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

CAVA has been the topic of a number of recent analyst reports. William Blair reaffirmed an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. Piper Sandler raised CAVA Group from a "neutral" rating to an "overweight" rating and cut their target price for the company from $142.00 to $115.00 in a research note on Friday, February 28th. Sanford C. Bernstein initiated coverage on CAVA Group in a research note on Wednesday, November 20th. They issued a "market perform" rating and a $145.00 price target for the company. TD Securities cut 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. Finally, Loop Capital lowered their target price on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, CAVA Group currently has an average rating of "Moderate Buy" and a consensus target price of $131.47.

Insider Activity

In other CAVA Group news, CEO Brett Schulman sold 20,564 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $2,450,817.52. Following the transaction, the chief executive officer now directly owns 776,369 shares of the company's stock, valued at $92,527,657.42. This represents a 2.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of CAVA Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $101,422.18. Following the sale, the insider now owns 358,995 shares of the company's stock, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,235 shares of company stock worth $3,514,101. 12.10% of the stock is owned by corporate insiders.

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.