Jump Financial LLC Grows Stock Position in CAVA Group, Inc. (NYSE:CAVA)

Jump Financial LLC grew its holdings in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 1,344.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 222,562 shares of the company's stock after buying an additional 207,150 shares during the period. CAVA Group accounts for 0.5% of Jump Financial LLC's portfolio, making the stock its 19th biggest position. Jump Financial LLC owned approximately 0.19% of CAVA Group worth $25,105,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI boosted its position in shares of CAVA Group by 782.7% during the third quarter. National Bank of Canada FI now owns 4,855 shares of the company's stock valued at $601,000 after purchasing an additional 4,305 shares in the last quarter. MML Investors Services LLC bought a new stake in shares of CAVA Group during the 3rd quarter valued at $288,000. Nomura Asset Management Co. Ltd. purchased a new stake in shares of CAVA Group in the 3rd quarter worth about $285,000. M&T Bank Corp increased its stake in shares of CAVA Group by 75.2% in the 3rd quarter. M&T Bank Corp now owns 6,320 shares of the company's stock worth $783,000 after acquiring an additional 2,712 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in CAVA Group by 121.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,222,834 shares of the company's stock valued at $151,492,000 after acquiring an additional 669,599 shares during the period. 73.15% of the stock is currently owned by institutional investors.

Insider Activity

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 completion of the sale, the chief accounting officer now owns 10,884 shares of the company's stock, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tricia K. Tolivar sold 2,086 shares of the business'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 $248,609.48. Following the completion of the transaction, the chief financial officer now directly owns 235,592 shares of the company's stock, valued at approximately $28,077,854.56. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,235 shares of company stock valued at $3,514,101. Corporate insiders own 12.10% of the company's stock.

Analyst Upgrades and Downgrades

CAVA has been the topic of a number of recent research reports. Bank of America started coverage on shares of CAVA Group in a report on Monday, March 31st. They issued a "buy" rating and a $112.00 price objective on the stock. 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. UBS Group dropped their target price 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. Loop Capital cut their price objective on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Finally, TD Securities lowered their target price on shares of CAVA Group from $150.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $127.56.

CAVA Group Stock Up 0.6 %

CAVA traded up $0.47 during trading on Friday, reaching $86.03. The company had a trading volume of 1,916,328 shares, compared to its average volume of 3,112,783. CAVA Group, Inc. has a 52 week low of $58.22 and a 52 week high of $172.43. The stock has a market cap of $9.94 billion, a P/E ratio of 187.03 and a beta of 3.33. The business has a 50 day simple moving average of $92.30 and a 200-day simple moving average of $117.36.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The business had revenue of $227.40 million for the quarter, compared to analysts' expectations of $223.34 million. As a group, equities research analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current fiscal 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.