Daiwa Securities Group Inc. Acquires 32,847 Shares of CAVA Group, Inc. (NYSE:CAVA)

Daiwa Securities Group Inc. boosted its holdings in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 3,268.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,852 shares of the company's stock after purchasing an additional 32,847 shares during the quarter. Daiwa Securities Group Inc.'s holdings in CAVA Group were worth $3,819,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new stake in shares of CAVA Group during the fourth quarter valued at approximately $25,000. Allworth Financial LP raised its position in shares of CAVA Group by 369.2% during the fourth quarter. Allworth Financial LP now owns 244 shares of the company's stock valued at $30,000 after buying an additional 192 shares during the last quarter. Larson Financial Group LLC raised its position in shares of CAVA Group by 274.0% during the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company's stock valued at $31,000 after buying an additional 200 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of CAVA Group during the fourth quarter valued at approximately $47,000. Finally, GAMMA Investing LLC raised its position 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 buying an additional 114 shares during the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

CAVA Group Stock Up 2.8 %

NYSE CAVA opened at $82.25 on Thursday. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 178.80 and a beta of 3.58. CAVA Group, Inc. has a 52 week low of $58.22 and a 52 week high of $172.43. The company has a fifty day moving average of $115.66 and a two-hundred day moving average of $124.75.

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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 analysts' consensus estimates of $0.06 by ($0.01). The company 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%. Equities research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CAVA shares. William Blair reiterated an "outperform" rating on shares of CAVA Group in a research report on Wednesday, February 26th. 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. Wedbush restated an "outperform" rating and issued a $150.00 price target on shares of CAVA Group in a research report on Wednesday, February 26th. Morgan Stanley boosted their price target on shares of CAVA Group from $123.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 14th. Finally, UBS Group reduced their price target on shares of CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $131.47.

Insider Activity

In other news, CEO Brett Schulman sold 20,564 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the completion of the sale, the chief executive officer now directly owns 776,369 shares of the company's stock, valued at approximately $92,527,657.42. The trade was a 2.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tricia K. Tolivar sold 2,086 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $248,609.48. Following the sale, the chief financial officer now directly owns 235,592 shares of the company's stock, valued at $28,077,854.56. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,235 shares of company stock valued at $3,514,101. 12.10% of the stock is currently owned by company insiders.

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.

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