Swiss National Bank Boosts Holdings in CAVA Group, Inc. (NYSE:CAVA)

Swiss National Bank lifted its position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 24.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 111,400 shares of the company's stock after buying an additional 21,700 shares during the quarter. Swiss National Bank owned approximately 0.10% of CAVA Group worth $13,797,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Jamison Private Wealth Management Inc. bought a new stake in CAVA Group in the 2nd quarter valued at $28,000. Nemes Rush Group LLC bought a new stake in CAVA Group in the 2nd quarter valued at $28,000. Mark Sheptoff Financial Planning LLC bought a new stake in CAVA Group in the 2nd quarter valued at $36,000. Headlands Technologies LLC bought a new stake in CAVA Group in the 2nd quarter valued at $37,000. Finally, GAMMA Investing LLC increased its holdings in shares of CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company's stock worth $38,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 73.15% of the company's stock.

Insider Activity

In related news, Director Karen Kochevar sold 15,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the completion of the sale, the director now directly owns 1,307 shares in the company, valued at approximately $185,894.61. This trade represents a 91.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brett Schulman sold 201,504 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.53, for a total transaction of $25,294,797.12. Following the sale, the chief executive officer now owns 702,590 shares of the company's stock, valued at approximately $88,196,122.70. The trade was a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 334,994 shares of company stock worth $42,543,534 over the last three months. Insiders own 12.10% of the company's stock.

Analyst Ratings Changes

CAVA has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of CAVA Group from $123.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday, November 14th. Loop Capital boosted their target price on shares of CAVA Group from $122.00 to $147.00 and gave the stock a "hold" rating in a report on Thursday, November 14th. Robert W. Baird boosted their target price on shares of CAVA Group from $125.00 to $148.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Wedbush lifted their price target on shares of CAVA Group from $155.00 to $190.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Finally, Argus lifted 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. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $143.80.

CAVA Group Stock Performance

Shares of CAVA opened at $145.00 on Friday. The company has a 50 day moving average price of $133.66 and a 200-day moving average price of $106.69. CAVA Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $172.43. The stock has a market capitalization of $16.61 billion, a PE ratio of 314.85 and a beta of 3.23.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The company's revenue was up 38.9% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Equities research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current 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.