Natixis Advisors LLC Has $1.91 Million Stock Position in CAVA Group, Inc. (NYSE:CAVA)

Natixis Advisors LLC increased its position in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,922 shares of the company's stock after purchasing an additional 5,940 shares during the quarter. Natixis Advisors LLC's holdings in CAVA Group were worth $1,909,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new stake in shares of CAVA Group during the fourth quarter valued at $25,000. Allworth Financial LP grew its position in CAVA Group by 369.2% in the fourth quarter. Allworth Financial LP now owns 244 shares of the company's stock worth $30,000 after acquiring an additional 192 shares during the period. Larson Financial Group LLC grew its stake in CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company's stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of CAVA Group in the 4th quarter valued at $47,000. Finally, GAMMA Investing LLC increased its holdings in shares of CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company's stock valued at $48,000 after purchasing an additional 114 shares during the period. 73.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on CAVA shares. Citigroup dropped their price objective on CAVA Group from $163.00 to $140.00 and set a "neutral" rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price target on the stock in a report on Thursday, March 20th. Loop Capital decreased their target price on CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Wedbush restated an "outperform" rating and set a $150.00 target price on shares of CAVA Group in a research report on Wednesday, February 26th. Finally, UBS Group lowered their target price on CAVA Group from $160.00 to $125.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.47.

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Insider Buying and Selling at CAVA Group

In other news, CFO Tricia K. Tolivar sold 2,086 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $248,609.48. Following the completion of the sale, the chief financial officer now directly owns 235,592 shares in the company, valued at $28,077,854.56. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $101,422.18. Following the completion of the sale, the insider now directly owns 358,995 shares of the company's stock, 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 have sold a total of 29,235 shares of company stock worth $3,514,101 over the last ninety days. Corporate insiders own 12.10% of the company's stock.

CAVA Group Stock Down 0.1 %

CAVA Group stock traded down $0.12 during midday trading on Tuesday, reaching $90.21. 2,920,323 shares of the stock traded hands, compared to its average volume of 2,923,524. The stock has a market cap of $10.43 billion, a P/E ratio of 196.11 and a beta of 3.58. CAVA Group, Inc. has a 12 month low of $58.22 and a 12 month high of $172.43. The stock's fifty day moving average is $110.27 and its 200-day moving average is $122.83.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $227.40 million for the quarter, compared to analysts' expectations of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. On average, equities analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal 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.