Bryce Point Capital LLC Acquires Shares of 17,373 CAVA Group, Inc. (NYSE:CAVA)

Bryce Point Capital LLC purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,373 shares of the company's stock, valued at approximately $1,960,000. CAVA Group makes up approximately 0.6% of Bryce Point Capital LLC's portfolio, making the stock its 12th biggest position.

Several other large investors have also recently modified their holdings of the stock. Arcadia Investment Management Corp MI bought a new stake in shares of CAVA Group in the 4th quarter worth $25,000. Allworth Financial LP increased its holdings in CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company's stock worth $30,000 after buying an additional 192 shares in the last quarter. Larson Financial Group LLC raised its position in CAVA Group by 274.0% in the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company's stock worth $31,000 after buying an additional 200 shares during the last quarter. Whittier Trust Co. raised its holdings 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 purchasing an additional 127 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of CAVA Group by 884.4% during the 4th quarter. Signaturefd LLC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 283 shares during the period. Hedge funds and other institutional investors own 73.15% of the company's stock.

Insider Transactions at CAVA Group

In related news, CEO Brett Schulman sold 20,564 shares of the firm's stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 776,369 shares in the company, valued at $92,527,657.42. This trade represents a 2.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Adam David Phillips sold 615 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the transaction, the chief accounting officer now owns 10,884 shares in the company, valued at $1,353,860.76. This trade represents a 5.35 % decrease in their position. 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.

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CAVA Group Stock Up 2.7 %

CAVA Group stock traded up $2.03 during midday trading on Monday, reaching $77.22. 3,455,072 shares of the stock traded hands, compared to its average volume of 3,393,040. The stock has a market cap of $8.93 billion, a P/E ratio of 167.93 and a beta of 3.33. The stock's fifty day moving average is $104.28 and its 200-day moving average is $120.58. CAVA Group, Inc. has a 12 month low of $58.22 and a 12 month high of $172.43.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. TD Securities reduced their price target on shares of CAVA Group from $150.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Citigroup reduced their price target 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. Wedbush reiterated an "outperform" rating and set a $150.00 price objective on shares of CAVA Group in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 target price on the stock in a research note on Thursday, March 20th. Finally, UBS Group dropped their price target on shares of CAVA Group from $160.00 to $125.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $127.56.

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.