8,080 Shares in CAVA Group, Inc. (NYSE:CAVA) Purchased by AXQ Capital LP

AXQ Capital LP bought a new position in CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,080 shares of the company's stock, valued at approximately $911,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAVA. Nwam LLC boosted its stake in shares of CAVA Group by 2.6% in the 3rd quarter. Nwam LLC now owns 3,368 shares of the company's stock valued at $417,000 after purchasing an additional 85 shares in the last quarter. Howard Financial Services LTD. lifted its stake in CAVA Group by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock worth $699,000 after purchasing an additional 109 shares during the last quarter. CIBC Asset Management Inc boosted its position in CAVA Group by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company's stock valued at $407,000 after buying an additional 110 shares during the period. GAMMA Investing LLC grew its stake in shares of CAVA Group by 37.0% during the fourth 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. Finally, Whittier Trust Co. grew its stake in shares of CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after buying an additional 127 shares during the last quarter. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CAVA. Citigroup reduced their price target on CAVA Group from $163.00 to $140.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. William Blair restated an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. UBS Group lowered their price target on shares of CAVA Group from $160.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price target on the stock in a report on Thursday, March 20th. Finally, Wedbush reaffirmed an "outperform" rating and set a $150.00 price objective on shares of CAVA Group in a research note on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.47.

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Insider Buying and Selling

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 value of $76,499.85. Following the transaction, the chief accounting officer now 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 filing with the SEC, which is accessible through this link. Also, CFO Tricia K. Tolivar sold 2,086 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $248,609.48. Following the sale, the chief financial officer now owns 235,592 shares in the company, valued at approximately $28,077,854.56. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,235 shares of company stock worth $3,514,101 in the last 90 days. Insiders own 12.10% of the company's stock.

CAVA Group Price Performance

CAVA stock traded down $3.59 during midday trading on Wednesday, hitting $86.69. The stock had a trading volume of 2,885,443 shares, compared to its average volume of 2,933,464. The business has a 50-day moving average of $109.83 and a two-hundred day moving average of $122.65. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 188.46 and a beta of 3.58. CAVA Group, Inc. has a 52-week low of $58.22 and a 52-week high of $172.43.

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

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.