Dynamic Technology Lab Private Ltd Purchases 6,845 Shares of CAVA Group, Inc. (NYSE:CAVA)

Dynamic Technology Lab Private Ltd raised its stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 177.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,710 shares of the company's stock after acquiring an additional 6,845 shares during the period. Dynamic Technology Lab Private Ltd's holdings in CAVA Group were worth $1,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CAVA. Jennison Associates LLC increased its holdings in CAVA Group by 36,658.7% during the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company's stock valued at $277,683,000 after purchasing an additional 2,455,035 shares in the last quarter. Vanguard Group Inc. lifted its position in CAVA Group by 20.4% during the 4th quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company's stock worth $903,709,000 after buying an additional 1,357,187 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CAVA Group by 121.0% in the third quarter. Geode Capital Management LLC now owns 1,222,834 shares of the company's stock worth $151,492,000 after acquiring an additional 669,599 shares during the last quarter. Norges Bank acquired a new position in shares of CAVA Group during the fourth quarter worth approximately $64,538,000. Finally, Raymond James Financial Inc. bought a new position in CAVA Group in the 4th quarter worth approximately $59,516,000. Institutional investors and hedge funds own 73.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CAVA shares. Loop Capital lowered their target price on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Robert W. Baird set a $105.00 price objective on shares of CAVA Group and gave the company an "outperform" rating in a research report on Monday. William Blair reissued an "outperform" rating on shares of CAVA Group in a research note on Wednesday, February 26th. TD Securities decreased their price objective on CAVA Group from $150.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Finally, Barclays reduced their price target on CAVA Group from $127.00 to $104.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $127.56.

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CAVA Group Stock Performance

NYSE:CAVA traded up $13.48 during mid-day trading on Wednesday, hitting $91.94. The stock had a trading volume of 6,253,410 shares, compared to its average volume of 3,099,922. CAVA Group, Inc. has a twelve month low of $58.22 and a twelve month high of $172.43. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 199.88 and a beta of 3.33. The company's 50 day simple moving average is $99.52 and its 200 day simple moving average is $119.16.

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

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 851 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $101,422.18. Following the transaction, the insider now owns 358,995 shares in the company, valued at $42,785,024.10. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brett Schulman sold 20,564 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 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 $92,527,657.42. This represents a 2.58 % decrease in their position. 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. Insiders own 12.10% of the company's stock.

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.