CAVA Group, Inc. (NYSE:CAVA) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP lifted its stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 323.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,627 shares of the company's stock after acquiring an additional 37,906 shares during the quarter. Quantbot Technologies LP's holdings in CAVA Group were worth $6,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CAVA. Nwam LLC lifted its position in CAVA Group by 2.6% during the third quarter. Nwam LLC now owns 3,368 shares of the company's stock valued at $417,000 after acquiring an additional 85 shares during the last quarter. CIBC Asset Management Inc grew its stake in CAVA Group by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company's stock valued at $407,000 after purchasing an additional 110 shares during the last quarter. Farther Finance Advisors LLC boosted its position in CAVA Group by 6.3% in the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company's stock valued at $237,000 after buying an additional 113 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of 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 acquiring an additional 125 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in CAVA Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company's stock valued at $3,632,000 after acquiring an additional 184 shares in the last quarter. 73.15% of the stock is owned by institutional investors.

CAVA Group Price Performance

Shares of CAVA stock traded up $0.98 during trading hours on Tuesday, hitting $143.52. The company had a trading volume of 1,925,731 shares, compared to its average volume of 2,789,376. The company's fifty day moving average is $134.05 and its 200 day moving average is $107.62. 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 $16.44 billion, a PE ratio of 309.91 and a beta of 3.23.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping 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 firm had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. During the same period in the prior year, the firm earned $0.06 EPS. The firm's revenue for the quarter was up 38.9% on a year-over-year basis. Equities analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Activity

In other CAVA Group news, Director Karen Kochevar sold 15,000 shares of the firm's stock in a transaction on 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 sale, the director now owns 1,307 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.10% of the company's stock.

Wall Street Analyst Weigh In

CAVA has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on CAVA Group from $118.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Loop Capital raised their target price on shares of CAVA Group from $122.00 to $147.00 and gave the stock a "hold" rating in a research note on Thursday, November 14th. Jefferies Financial Group upped their price target on CAVA Group from $94.00 to $117.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. UBS Group initiated coverage on CAVA Group in a report on Friday, September 27th. They set a "neutral" rating and a $135.00 price target on the stock. Finally, William Blair reissued an "outperform" rating on shares of CAVA Group in a report on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.