Blair William & Co. IL Grows Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Blair William & Co. IL grew its holdings in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,822 shares of the company's stock after purchasing an additional 7,632 shares during the period. Blair William & Co. IL owned about 0.12% of CAVA Group worth $14,982,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Conway Capital Management Inc. purchased a new position in CAVA Group in the third quarter valued at $5,524,000. Charles Schwab Investment Management Inc. boosted its stake in shares of CAVA Group by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,868 shares of the company's stock valued at $59,544,000 after buying an additional 11,776 shares during the period. Entropy Technologies LP acquired a new position in shares of CAVA Group during the fourth quarter worth about $2,097,000. Empowered Funds LLC acquired a new position in shares of CAVA Group during the fourth quarter worth about $5,007,000. Finally, Legacy Capital Wealth Partners LLC increased its stake in shares of CAVA Group by 71.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 13,658 shares of the company's stock worth $1,541,000 after buying an additional 5,712 shares during the period. Institutional investors and hedge funds own 73.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CAVA shares. Loop Capital dropped their price objective on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Piper Sandler raised CAVA Group from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $142.00 to $115.00 in a report on Friday, February 28th. Bank of America assumed coverage on CAVA Group in a report on Monday. They set a "buy" rating and a $112.00 price target for the company. Citigroup lowered their price objective on CAVA Group from $163.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Finally, Barclays cut their target price on CAVA Group from $127.00 to $104.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.25.

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Insider Activity at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 851 shares of CAVA Group stock in a transaction that occurred on Tuesday, January 21st. The stock was 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. The trade was a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kenneth Robert Bertram sold 678 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $84,336.42. Following the transaction, the insider now directly owns 57,312 shares of the company's stock, valued at approximately $7,129,039.68. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,235 shares of company stock worth $3,514,101 in the last three months. Insiders own 12.10% of the company's stock.

CAVA Group Trading Up 0.8 %

Shares of CAVA traded up $0.68 during mid-day trading on Tuesday, hitting $87.09. 1,790,597 shares of the company's stock were exchanged, compared to its average volume of 3,299,442. The firm has a market capitalization of $10.07 billion, a P/E ratio of 189.32 and a beta of 3.58. CAVA Group, Inc. has a fifty-two week low of $58.22 and a fifty-two week high of $172.43. The business's 50 day moving average is $107.40 and its two-hundred day moving average is $121.67.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $227.40 million for the quarter, compared to analyst estimates of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. On average, equities research analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

About CAVA Group

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.