Empowered Funds LLC Purchases Shares of 44,388 CAVA Group, Inc. (NYSE:CAVA)

Empowered Funds LLC acquired a new stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 44,388 shares of the company's stock, valued at approximately $5,007,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingsview Wealth Management LLC increased its position in CAVA Group by 2.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 24,288 shares of the company's stock valued at $2,740,000 after purchasing an additional 633 shares during the period. SOA Wealth Advisors LLC. raised its stake in shares of CAVA Group by 56.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company's stock worth $64,000 after purchasing an additional 205 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of CAVA Group during the 4th quarter worth $47,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in CAVA Group in the 4th quarter valued at about $553,000. Finally, Financial Advocates Investment Management increased its position in shares of CAVA Group by 36.5% during the fourth quarter. Financial Advocates Investment Management now owns 4,267 shares of the company's stock valued at $481,000 after buying an additional 1,142 shares during the period. Institutional investors and hedge funds own 73.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CAVA shares. Robert W. Baird boosted their price objective on CAVA Group from $125.00 to $148.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Morgan Stanley increased their price objective on CAVA Group from $123.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, November 14th. William Blair restated an "outperform" rating on shares of CAVA Group in a report on Wednesday, November 13th. Loop Capital upped 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. Finally, TD Cowen increased their price objective on CAVA Group from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, CAVA Group currently has a consensus rating of "Moderate Buy" and an average target price of $142.13.

CAVA Group Stock Up 0.6 %

CAVA traded up $0.78 during trading hours on Friday, reaching $131.28. 1,594,884 shares of the company's stock traded hands, compared to its average volume of 1,837,677. The firm has a 50-day moving average price of $123.58 and a 200 day moving average price of $124.08. CAVA Group, Inc. has a 52-week low of $48.10 and a 52-week high of $172.43. The firm has a market capitalization of $15.04 billion, a PE ratio of 285.39 and a beta of 3.25.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $243.82 million during the quarter, compared to analysts' expectations of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. CAVA Group's revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. Equities analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 851 shares of CAVA Group 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 completion of the sale, the insider now directly owns 358,995 shares of the company's stock, valued at $42,785,024.10. The trade was a 0.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the director now directly 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 666,784 shares of company stock valued at $98,656,372 in the last ninety days. Corporate insiders own 12.10% of the company's stock.

CAVA Group Company 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.