CAVA Group, Inc. (NYSE:CAVA) Stock Position Increased by FORA Capital LLC

FORA Capital LLC increased its holdings in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 11.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,413 shares of the company's stock after buying an additional 10,496 shares during the quarter. CAVA Group accounts for about 1.5% of FORA Capital LLC's holdings, making the stock its 5th biggest holding. FORA Capital LLC owned approximately 0.09% of CAVA Group worth $12,560,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CAVA. American International Group Inc. increased its stake in CAVA Group by 194.2% in the first quarter. American International Group Inc. now owns 709 shares of the company's stock valued at $50,000 after purchasing an additional 468 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in CAVA Group by 171.8% in the first quarter. Public Employees Retirement System of Ohio now owns 18,381 shares of the company's stock valued at $1,288,000 after purchasing an additional 11,618 shares during the last quarter. California State Teachers Retirement System raised its stake in CAVA Group by 54.6% in the 1st quarter. California State Teachers Retirement System now owns 35,861 shares of the company's stock valued at $2,512,000 after acquiring an additional 12,660 shares during the period. Comerica Bank boosted its holdings in CAVA Group by 14.9% in the 1st quarter. Comerica Bank now owns 12,105 shares of the company's stock worth $848,000 after buying an additional 1,567 shares during the period. Finally, Jaffetilchin Investment Partners LLC grew its position in shares of CAVA Group by 38.8% in the first quarter. Jaffetilchin Investment Partners LLC now owns 6,629 shares of the company's stock valued at $464,000 after purchasing an additional 1,854 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors.

CAVA Group Trading Down 1.6 %

Shares of CAVA stock traded down $2.29 on Wednesday, reaching $141.23. 1,709,153 shares of the company's stock were exchanged, compared to its average volume of 2,784,726. The stock has a market capitalization of $16.18 billion, a PE ratio of 311.96 and a beta of 3.23. The company's fifty day simple moving average is $134.47 and its 200 day simple moving average is $108.08. CAVA Group, Inc. has a 52 week low of $31.47 and a 52 week high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $233.05 million. During the same quarter in the previous year, the business posted $0.06 EPS. The company's quarterly revenue was up 38.9% compared to the same quarter last year. As a group, sell-side analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CAVA Group news, Director Karen Kochevar sold 15,000 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the sale, the director now owns 1,307 shares of the company's stock, valued at approximately $182,980. This trade represents a 91.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Argus boosted their price target on shares of CAVA Group from $104.00 to $128.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Piper Sandler lifted their price target on shares of CAVA Group from $100.00 to $142.00 and gave the company a "neutral" rating in a report on Friday, November 15th. Robert W. Baird lifted their target price on shares of CAVA Group from $125.00 to $148.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Jefferies Financial Group upped their price target on CAVA Group from $94.00 to $117.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of CAVA Group from $90.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, CAVA Group has an average rating of "Moderate Buy" and a consensus target price 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.