3,865 Shares in CAVA Group, Inc. (NYSE:CAVA) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,865 shares of the company's stock, valued at approximately $479,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SpiderRock Advisors LLC increased its stake in shares of CAVA Group by 8.9% during the 3rd quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company's stock worth $59,364,000 after purchasing an additional 39,319 shares during the last quarter. Xponance Inc. lifted its holdings in shares of CAVA Group by 95.2% in the 2nd quarter. Xponance Inc. now owns 9,846 shares of the company's stock worth $913,000 after purchasing an additional 4,803 shares in the last quarter. PFG Investments LLC raised its position in CAVA Group by 36.8% in the 3rd quarter. PFG Investments LLC now owns 15,907 shares of the company's stock valued at $1,970,000 after buying an additional 4,275 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of CAVA Group during the 2nd quarter valued at $1,728,000. Finally, Aigen Investment Management LP bought a new position in shares of CAVA Group during the 3rd quarter worth $1,293,000. 73.15% of the stock is owned by institutional investors.

CAVA Group Stock Down 0.2 %

CAVA Group stock traded down $0.30 during midday trading on Friday, reaching $140.90. The company's stock had a trading volume of 1,054,106 shares, compared to its average volume of 2,777,238. The business has a 50-day simple moving average of $135.37 and a 200-day simple moving average of $108.99. The company has a market cap of $16.14 billion, a P/E ratio of 306.39 and a beta of 3.23. CAVA Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last released 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. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The firm had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. During the same quarter last year, the company posted $0.06 earnings per share. The business's revenue was up 38.9% on a year-over-year basis. As a group, equities analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CAVA. Robert W. Baird lifted their price target on CAVA Group from $125.00 to $148.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Loop Capital boosted 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. UBS Group initiated coverage on CAVA Group in a research note on Friday, September 27th. They issued a "neutral" rating and a $135.00 price target for the company. William Blair reiterated an "outperform" rating on shares of CAVA Group in a research report on Wednesday, November 13th. Finally, Barclays upped their price objective on CAVA Group from $113.00 to $142.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $143.80.

Insider Buying and Selling

In other news, Director Karen Kochevar sold 15,000 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the completion of the sale, the director now directly owns 1,307 shares of the company's stock, valued at $185,894.61. The trade was a 91.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.10% of the company's stock.

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.