Headlands Technologies LLC Has $1.95 Million Holdings in CAVA Group, Inc. (NYSE:CAVA)

Headlands Technologies LLC lowered its stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 60.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,326 shares of the company's stock after selling 26,349 shares during the quarter. Headlands Technologies LLC's holdings in CAVA Group were worth $1,954,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC acquired a new stake in CAVA Group in the third quarter valued at $1,425,000. The Manufacturers Life Insurance Company lifted its stake in CAVA Group by 5.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 22,162 shares of the company's stock valued at $2,745,000 after purchasing an additional 1,155 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CAVA Group by 31.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,470 shares of the company's stock worth $1,297,000 after purchasing an additional 2,511 shares during the period. Captrust Financial Advisors increased its position in CAVA Group by 17.6% during the third quarter. Captrust Financial Advisors now owns 9,173 shares of the company's stock worth $1,136,000 after buying an additional 1,372 shares during the last quarter. Finally, Tradition Wealth Management LLC bought a new stake in CAVA Group in the third quarter valued at approximately $250,000. 73.15% of the stock is owned by institutional investors and hedge funds.

CAVA Group Stock Down 10.5 %

CAVA Group stock traded down $8.88 during trading hours on Friday, hitting $75.30. The stock had a trading volume of 8,153,045 shares, compared to its average volume of 3,072,028. The business's 50 day simple moving average is $104.28 and its 200-day simple moving average is $120.60. CAVA Group, Inc. has a one year low of $58.22 and a one year high of $172.43. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 163.70 and a beta of 3.33.

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CAVA Group (NYSE:CAVA - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. Research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wedbush reaffirmed an "outperform" rating and set a $150.00 price target on shares of CAVA Group in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 target price for the company in a report on Thursday, March 20th. TD Securities reduced 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. Citigroup lowered their target price on CAVA Group from $163.00 to $140.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Finally, Bank of America started coverage on CAVA Group in a report on Monday, March 31st. They issued a "buy" rating and a $112.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $130.25.

Insider Transactions at CAVA Group

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the completion of the transaction, the chief accounting officer now owns 10,884 shares in the company, valued at approximately $1,353,860.76. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Theodoros Xenohristos sold 851 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were 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 in the company, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,235 shares of company stock worth $3,514,101. Company 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.