Aigen Investment Management LP Has $201,000 Holdings in CAVA Group, Inc. (NYSE:CAVA)

Aigen Investment Management LP reduced its holdings in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 82.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,782 shares of the company's stock after selling 8,661 shares during the quarter. Aigen Investment Management LP's holdings in CAVA Group were worth $201,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Jennison Associates LLC lifted its holdings in shares of CAVA Group by 36,658.7% in the fourth quarter. Jennison Associates LLC now owns 2,461,732 shares of the company's stock valued at $277,683,000 after purchasing an additional 2,455,035 shares in the last quarter. Geode Capital Management LLC grew its position in CAVA Group by 121.0% in the third 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in CAVA Group by 262.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company's stock worth $63,918,000 after buying an additional 373,835 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in CAVA Group by 17.0% in the third quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company's stock valued at $273,820,000 after purchasing an additional 321,800 shares during the last quarter. Finally, State Street Corp grew its position in shares of CAVA Group by 33.3% during the third quarter. State Street Corp now owns 1,267,333 shares of the company's stock worth $156,959,000 after buying an additional 316,514 shares in the last quarter. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling at CAVA Group

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was 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 in the company, valued at approximately $1,353,860.76. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Theodoros Xenohristos sold 851 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $101,422.18. Following the sale, the insider now owns 358,995 shares in the company, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,235 shares of company stock valued at $3,514,101 in the last ninety days. Company insiders own 12.10% of the company's stock.

Wall Street Analysts Forecast Growth

CAVA has been the topic of a number of research reports. UBS Group dropped their target price on shares of CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Barclays lowered their price target on CAVA Group from $127.00 to $104.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Citigroup decreased their target price on shares of CAVA Group from $163.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. TD Securities dropped their price target on shares of CAVA Group from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Loop Capital reduced their price target on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $131.47.

CAVA Group Price Performance

Shares of NYSE CAVA traded down $0.06 during trading hours on Tuesday, hitting $80.39. 1,620,824 shares of the company's stock were exchanged, compared to its average volume of 2,909,824. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 174.77 and a beta of 3.58. The company's 50-day moving average price is $116.93 and its 200-day moving average price is $125.35. CAVA Group, Inc. has a 1-year low of $58.22 and a 1-year high of $172.43.

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 for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $223.34 million. On average, research analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

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.