CAVA Group, Inc. (NYSE:CAVA) Stock Position Increased by NewEdge Advisors LLC

NewEdge Advisors LLC grew its position in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,666 shares of the company's stock after purchasing an additional 3,094 shares during the period. NewEdge Advisors LLC's holdings in CAVA Group were worth $1,767,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Howard Financial Services LTD. increased its position in CAVA Group by 1.8% in the 4th quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock valued at $699,000 after acquiring an additional 109 shares during the period. GAMMA Investing LLC raised its stake in shares of CAVA Group by 37.0% during 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 in the last quarter. Whittier Trust Co. lifted its holdings in CAVA Group by 80.9% in the fourth quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after purchasing an additional 127 shares during the period. Mainstream Capital Management LLC grew its position in CAVA Group by 0.7% in the 4th quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company's stock valued at $2,003,000 after buying an additional 132 shares in the last quarter. Finally, PSI Advisors LLC increased its stake in CAVA Group by 11.3% during the 4th quarter. PSI Advisors LLC now owns 1,473 shares of the company's stock valued at $166,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 73.15% of the company's stock.

CAVA Group Stock Up 1.1 %

Shares of CAVA Group stock opened at $81.28 on Wednesday. The stock has a market cap of $9.40 billion, a PE ratio of 176.70 and a beta of 3.33. CAVA Group, Inc. has a 12 month low of $59.02 and a 12 month high of $172.43. The business has a fifty day simple moving average of $90.32 and a 200-day simple moving average of $116.74.

CAVA Group (NYSE:CAVA - Get Free Report) last released its earnings results 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). The business had revenue of $227.40 million for the quarter, compared to analysts' expectations of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. Analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price objective for the company in a report on Thursday, March 20th. Robert W. Baird set a $105.00 price objective on CAVA Group and gave the stock an "outperform" rating in a research note on Monday, April 7th. Loop Capital lowered their target price on CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Piper Sandler raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and cut their price target for the company from $142.00 to $115.00 in a report on Friday, February 28th. Finally, William Blair reiterated an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $126.06.

Insider Activity at CAVA Group

In other news, CFO Tricia K. Tolivar sold 1,505 shares of CAVA Group stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $187,206.95. Following the completion of the sale, the chief financial officer now directly owns 234,087 shares in the company, valued at $29,118,081.93. The trade was a 0.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Adam David Phillips sold 615 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were 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 directly owns 10,884 shares of the company's stock, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,734 shares of company stock valued at $713,252. Corporate insiders own 12.10% of the company's stock.

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.

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