Janney Montgomery Scott LLC Purchases Shares of 27,093 CAVA Group, Inc. (NYSE:CAVA)

Janney Montgomery Scott LLC bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 27,093 shares of the company's stock, valued at approximately $3,056,000.

A number of other large investors have also recently bought and sold shares of CAVA. Nwam LLC lifted its stake in shares of CAVA Group by 2.6% during the 3rd quarter. Nwam LLC now owns 3,368 shares of the company's stock worth $417,000 after purchasing an additional 85 shares during the period. Howard Financial Services LTD. raised its position in CAVA Group by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock valued at $699,000 after purchasing an additional 109 shares during the period. CIBC Asset Management Inc raised its position in CAVA Group by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company's stock valued at $407,000 after purchasing an additional 110 shares during the period. Farther Finance Advisors LLC raised its position in CAVA Group by 6.3% in the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company's stock valued at $237,000 after purchasing an additional 113 shares during the period. Finally, GAMMA Investing LLC raised its position in CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company's stock valued at $48,000 after purchasing an additional 114 shares during the period. Institutional investors and hedge funds own 73.15% of the company's stock.

CAVA Group Stock Performance

Shares of NYSE:CAVA traded down $4.03 during midday trading on Friday, reaching $134.92. The company had a trading volume of 1,700,054 shares, compared to its average volume of 1,911,372. CAVA Group, Inc. has a 1-year low of $46.56 and a 1-year high of $172.43. The firm has a market cap of $15.46 billion, a price-to-earnings ratio of 293.31 and a beta of 3.21. The company has a fifty day simple moving average of $125.06 and a two-hundred day simple moving average of $120.14.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share 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 company had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. During the same period last year, the business earned $0.06 EPS. The business's quarterly revenue was up 38.9% on a year-over-year basis. Analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Buying and Selling at CAVA Group

In related news, Director Karen Kochevar sold 15,000 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the director now directly owns 1,307 shares of the company's stock, valued at approximately $182,980. This represents a 91.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brett Schulman sold 20,564 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the sale, the chief executive officer now directly owns 776,369 shares of the company's stock, valued at approximately $92,527,657.42. This represents a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 681,784 shares of company stock worth $100,756,372 over the last 90 days. Insiders own 12.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CAVA. JPMorgan Chase & Co. raised their target price on CAVA Group from $90.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. UBS Group decreased their price target on CAVA Group from $160.00 to $125.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus increased their target price on CAVA Group from $118.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Morgan Stanley increased 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. Finally, Wedbush increased their target price on CAVA Group from $155.00 to $190.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $142.13.

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.