8,687 Shares in CAVA Group, Inc. (NYSE:CAVA) Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,687 shares of the company's stock, valued at approximately $980,000.

Other hedge funds have also recently bought and sold shares of the company. Nemes Rush Group LLC acquired a new position in shares of CAVA Group in the second quarter valued at $28,000. Mark Sheptoff Financial Planning LLC bought a new stake in CAVA Group in the 2nd quarter valued at $36,000. Headlands Technologies LLC acquired a new position in shares of CAVA Group in the 2nd quarter valued at $37,000. GAMMA Investing LLC lifted its holdings in shares of CAVA Group by 68.3% during the 3rd 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, Sunbelt Securities Inc. acquired a new stake in shares of CAVA Group during the 3rd quarter valued at about $50,000. 73.15% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Karen Kochevar sold 15,000 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the transaction, the director now owns 1,307 shares in the company, valued at $182,980. This represents a 91.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald M. Shaich sold 622,549 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the sale, the director now owns 6,307 shares in the company, valued at approximately $942,265.80. The trade was a 99.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 652,549 shares of company stock valued at $97,242,271 in the last quarter. Company insiders own 12.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CAVA. TD Securities raised their price target on shares of CAVA Group from $115.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Piper Sandler boosted their price target on CAVA Group from $100.00 to $142.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. UBS Group lowered 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. Sanford C. Bernstein began coverage on shares of CAVA Group in a research report on Wednesday, November 20th. They issued a "market perform" rating and a $145.00 price target on the stock. Finally, Stifel Nicolaus raised their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, CAVA Group has an average rating of "Moderate Buy" and a consensus target price of $142.13.

CAVA Group Stock Up 1.3 %

NYSE CAVA traded up $1.42 on Wednesday, reaching $114.24. The company had a trading volume of 1,932,099 shares, compared to its average volume of 2,464,929. CAVA Group, Inc. has a 52 week low of $41.56 and a 52 week high of $172.43. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 248.35 and a beta of 3.21. The stock's 50 day moving average is $131.70 and its 200-day moving average is $116.49.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The business had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. During the same period last year, the company posted $0.06 EPS. CAVA Group's revenue for the quarter was up 38.9% on a year-over-year basis. As a group, analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current 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.