Stifel Financial Corp Acquires 4,214 Shares of CAVA Group, Inc. (NYSE:CAVA)

Stifel Financial Corp lifted its stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 7.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,395 shares of the company's stock after purchasing an additional 4,214 shares during the quarter. Stifel Financial Corp owned 0.05% of CAVA Group worth $7,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Nemes Rush Group LLC acquired a new stake in CAVA Group during the 2nd quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of CAVA Group during the 2nd quarter valued at about $36,000. Headlands Technologies LLC acquired a new stake in CAVA Group during the second quarter worth approximately $37,000. GAMMA Investing LLC increased its holdings in CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company's stock worth $38,000 after purchasing an additional 125 shares in the last quarter. Finally, West Oak Capital LLC bought a new stake in CAVA Group in the second quarter worth approximately $81,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

CAVA Group Price Performance

Shares of NYSE CAVA traded down $1.32 during midday trading on Friday, reaching $124.05. The company's stock had a trading volume of 2,470,396 shares, compared to its average volume of 2,796,221. The stock has a market capitalization of $14.21 billion, a P/E ratio of 269.54 and a beta of 2.93. The firm has a 50 day moving average price of $137.67 and a 200-day moving average price of $112.99. CAVA Group, Inc. has a 12-month low of $39.05 and a 12-month 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, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $243.82 million during the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business's revenue was up 38.9% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. On average, equities analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CAVA. Wedbush lifted their price objective on shares of CAVA Group from $155.00 to $190.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Stifel Nicolaus upped their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Morgan Stanley raised their target price on CAVA Group from $123.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, November 14th. Barclays upped their price target on CAVA Group from $113.00 to $142.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Finally, TD Cowen raised their price objective on CAVA Group from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $143.80.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, Director Karen Kochevar sold 15,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $149.40, for a total value of $93,008,820.60. Following the transaction, the director now directly owns 6,307 shares of the company's stock, valued at $942,265.80. The trade was a 99.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 652,549 shares of company stock worth $97,242,271 over the last three months. 12.10% of the stock is currently owned by insiders.

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.