DRW Securities LLC Makes New Investment in CAVA Group, Inc. (NYSE:CAVA)

DRW Securities LLC acquired a new stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,896 shares of the company's stock, valued at approximately $606,000.

A number of other institutional investors also recently bought and sold shares of the stock. Federated Hermes Inc. increased its holdings in CAVA Group by 9.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,060,029 shares of the company's stock worth $98,318,000 after buying an additional 93,635 shares during the period. Renaissance Technologies LLC lifted its position in CAVA Group by 102.5% during the second quarter. Renaissance Technologies LLC now owns 892,400 shares of the company's stock valued at $82,770,000 after purchasing an additional 451,800 shares during the period. Driehaus Capital Management LLC boosted its holdings in CAVA Group by 51.8% in the second quarter. Driehaus Capital Management LLC now owns 732,603 shares of the company's stock valued at $67,949,000 after purchasing an additional 250,110 shares during the last quarter. Hood River Capital Management LLC grew its position in CAVA Group by 5.2% during the 2nd quarter. Hood River Capital Management LLC now owns 656,870 shares of the company's stock worth $60,925,000 after purchasing an additional 32,493 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of CAVA Group by 262.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company's stock valued at $63,918,000 after buying an additional 373,835 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on CAVA shares. Loop Capital raised their target price on CAVA Group from $122.00 to $147.00 and gave the stock a "hold" rating in a report on Thursday, November 14th. Stifel Nicolaus lifted their target price on shares of CAVA Group from $118.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Piper Sandler increased their price target on shares of CAVA Group from $100.00 to $142.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. Citigroup lifted their price objective on shares of CAVA Group from $140.00 to $163.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Finally, Sanford C. Bernstein assumed coverage on shares of CAVA Group in a research note on Wednesday, November 20th. They set a "market perform" rating and a $145.00 target price on the stock. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $143.80.

CAVA Group Stock Performance

Shares of NYSE CAVA traded down $2.32 during trading on Wednesday, hitting $141.20. 1,708,701 shares of the company were exchanged, compared to its average volume of 2,784,726. CAVA Group, Inc. has a 12-month low of $31.47 and a 12-month high of $172.43. The firm has a market capitalization of $16.18 billion, a PE ratio of 311.96 and a beta of 3.23. The company has a fifty day moving average price of $134.47 and a 200-day moving average price of $108.08.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.04. The business had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The business's revenue was up 38.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 EPS. Research analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Karen Kochevar sold 15,000 shares of the business's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $142.23, for a total value of $2,133,450.00. Following the sale, the director now owns 1,307 shares in the company, valued at approximately $185,894.61. The trade was a 91.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.10% of the stock is owned by insiders.

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.