CAVA Group, Inc. (NYSE:CAVA) Shares Bought by Conway Capital Management Inc.

Conway Capital Management Inc. grew its holdings in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,325 shares of the company's stock after buying an additional 4,725 shares during the period. CAVA Group accounts for about 2.5% of Conway Capital Management Inc.'s investment portfolio, making the stock its 10th biggest holding. Conway Capital Management Inc.'s holdings in CAVA Group were worth $5,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nwam LLC increased its stake in CAVA Group by 2.6% during the 3rd quarter. Nwam LLC now owns 3,368 shares of the company's stock valued at $417,000 after buying an additional 85 shares during the period. Howard Financial Services LTD. grew its holdings in CAVA Group by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock worth $699,000 after acquiring an additional 109 shares during the period. CIBC Asset Management Inc raised its position in CAVA Group by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company's stock worth $407,000 after acquiring an additional 110 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in CAVA Group by 6.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company's stock valued at $237,000 after acquiring an additional 113 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of CAVA Group by 37.0% during the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company's stock valued at $48,000 after purchasing an additional 114 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CAVA. UBS Group dropped their price target on CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Wedbush lifted their target price on shares of CAVA Group from $155.00 to $190.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. TD Cowen upped their price target on shares of CAVA Group from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Barclays lowered their price objective on shares of CAVA Group from $142.00 to $127.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Finally, Sanford C. Bernstein started coverage on CAVA Group in a report on Wednesday, November 20th. They issued a "market perform" rating and a $145.00 target price for the company. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.13.

Insider Buying and Selling

In related news, CFO Tricia K. Tolivar sold 2,086 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $248,609.48. Following the transaction, the chief financial officer now owns 235,592 shares in the company, valued at $28,077,854.56. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen Kochevar sold 15,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the sale, the director now directly owns 1,307 shares in the company, valued at approximately $182,980. This represents a 91.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 676,050 shares of company stock worth $100,043,120 in the last quarter. 12.10% of the stock is owned by corporate insiders.

CAVA Group Price Performance

Shares of NYSE CAVA traded up $0.96 during trading hours on Friday, reaching $124.97. The stock had a trading volume of 1,635,974 shares, compared to its average volume of 2,086,175. CAVA Group, Inc. has a twelve month low of $44.80 and a twelve month high of $172.43. The business's fifty day moving average is $126.05 and its two-hundred day moving average is $118.34. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 271.68 and a beta of 3.21.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $233.05 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company's quarterly revenue was up 38.9% compared to the same quarter last year. Sell-side analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

CAVA Group 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.