Empirical Asset Management LLC purchased a new stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 43,282 shares of the company's stock, valued at approximately $4,882,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Nemes Rush Group LLC acquired a new stake in shares of CAVA Group during the 2nd quarter worth about $28,000. Mark Sheptoff Financial Planning LLC purchased a new position in CAVA Group during the 2nd quarter valued at about $36,000. GAMMA Investing LLC boosted its holdings in CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company's stock valued at $38,000 after acquiring an additional 125 shares during the period. Sunbelt Securities Inc. purchased a new position in CAVA Group during the 3rd quarter valued at about $50,000. Finally, Burkett Financial Services LLC purchased a new position in CAVA Group during the 4th quarter valued at about $56,000. Institutional investors and hedge funds own 73.15% of the company's stock.
CAVA Group Stock Performance
NYSE:CAVA traded up $0.41 during trading hours on Friday, hitting $117.92. The company's stock had a trading volume of 1,136,786 shares, compared to its average volume of 1,981,336. CAVA Group, Inc. has a 52-week low of $43.51 and a 52-week high of $172.43. The business's 50-day moving average is $128.80 and its two-hundred day moving average is $117.23. The company has a market capitalization of $13.51 billion, a PE ratio of 256.34 and a beta of 3.21.
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, beating 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 posted $0.06 EPS. As a group, analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.
Insider Transactions at CAVA Group
In related news, Director Ronald M. Shaich sold 622,549 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $149.40, for a total value of $93,008,820.60. Following the completion of the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Kochevar sold 15,000 shares of the business's stock in a transaction that occurred 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 owns 1,307 shares of the company's stock, valued at approximately $185,894.61. The trade was a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 652,549 shares of company stock worth $97,242,271 over the last ninety days. 12.10% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Loop Capital raised their target price on CAVA Group from $122.00 to $147.00 and gave the company a "hold" rating in a report on Thursday, November 14th. Citigroup raised their target price 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. JPMorgan Chase & Co. boosted their price objective on shares of CAVA Group from $90.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. UBS Group reduced their price target on shares of CAVA Group from $160.00 to $125.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Finally, Morgan Stanley lifted their target price on CAVA Group from $123.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, CAVA Group presently has a consensus rating of "Moderate Buy" and an average target price of $142.13.
Get Our Latest Analysis on CAVA Group
CAVA Group Profile
(
Free Report)
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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