CAVA Group, Inc. (NYSE:CAVA) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP raised its stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 103.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,787 shares of the company's stock after purchasing an additional 10,568 shares during the period. Bridgewater Associates LP's holdings in CAVA Group were worth $2,574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nwam LLC lifted its stake in CAVA Group by 2.6% in the 3rd quarter. Nwam LLC now owns 3,368 shares of the company's stock worth $417,000 after purchasing an additional 85 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of CAVA Group by 3.5% during 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. Farther Finance Advisors LLC boosted its position 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 valued at $237,000 after acquiring an additional 113 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company's stock valued at $38,000 after purchasing an additional 125 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in CAVA Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company's stock worth $3,632,000 after purchasing an additional 184 shares during the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

CAVA Group Stock Performance

NYSE CAVA traded down $0.30 during trading hours on Friday, hitting $140.90. The company had a trading volume of 1,054,106 shares, compared to its average volume of 3,498,320. The business has a 50 day moving average of $135.37 and a 200-day moving average of $109.20. The company has a market cap of $16.14 billion, a PE ratio of 306.30 and a beta of 3.23. 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 announced its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. During the same period last year, the firm posted $0.06 earnings per share. The company's revenue for the quarter was up 38.9% compared to the same quarter last year. Sell-side analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Karen Kochevar sold 15,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total value of $2,133,450.00. Following the completion of the transaction, the director now owns 1,307 shares in the company, valued at $185,894.61. This trade represents a 91.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 12.10% of the company's stock.

Analyst Upgrades and Downgrades

CAVA has been the subject of several research analyst reports. Morgan Stanley increased their target price on shares of CAVA Group from $123.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. TD Securities boosted their target price on CAVA Group from $115.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Stifel Nicolaus boosted their price objective on CAVA Group from $118.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. UBS Group assumed coverage on CAVA Group in a report on Friday, September 27th. They set a "neutral" rating and a $135.00 target price for the company. Finally, TD Cowen increased their price target on shares of CAVA Group from $130.00 to $150.00 and gave the stock a "buy" rating 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $143.80.

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.