Janus Henderson Group PLC Grows Stake in CAVA Group, Inc. (NYSE:CAVA)

Janus Henderson Group PLC increased its position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 21.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,500 shares of the company's stock after buying an additional 4,500 shares during the period. Janus Henderson Group PLC's holdings in CAVA Group were worth $3,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CAVA. FMR LLC raised its stake in CAVA Group by 0.9% in the third quarter. FMR LLC now owns 3,485,033 shares of the company's stock worth $431,621,000 after buying an additional 29,668 shares in the last quarter. Federated Hermes Inc. raised its position in shares of CAVA Group by 9.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,060,029 shares of the company's stock worth $98,318,000 after acquiring an additional 93,635 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of CAVA Group by 102.5% in the 2nd quarter. Renaissance Technologies LLC now owns 892,400 shares of the company's stock worth $82,770,000 after acquiring an additional 451,800 shares in the last quarter. Driehaus Capital Management LLC lifted its stake in shares of CAVA Group by 51.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 732,603 shares of the company's stock worth $67,949,000 after purchasing an additional 250,110 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its position in CAVA Group by 5.2% during the second quarter. Hood River Capital Management LLC now owns 656,870 shares of the company's stock valued at $60,925,000 after purchasing an additional 32,493 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors.

Insider Transactions at CAVA Group

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the transaction, the director now owns 6,307 shares in the company, valued at approximately $942,265.80. This represents a 99.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Karen Kochevar sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the sale, the director now directly owns 1,307 shares in the company, valued at approximately $182,980. The trade was a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 652,549 shares of company stock worth $97,242,271 over the last quarter. 12.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on CAVA. TD Cowen boosted their target price on shares of CAVA Group from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Barclays boosted their price objective on shares of CAVA Group from $113.00 to $142.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. TD Securities raised their target price on shares of CAVA Group from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. UBS Group started coverage on shares of CAVA Group in a report on Friday, September 27th. They issued a "neutral" rating and a $135.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on CAVA Group from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, CAVA Group presently has a consensus rating of "Moderate Buy" and an average price target of $143.80.

CAVA Group Stock Down 1.8 %

Shares of CAVA Group stock traded down $2.25 on Thursday, reaching $125.34. 1,661,968 shares of the stock were exchanged, compared to its average volume of 2,797,612. The business has a 50 day moving average price of $137.72 and a two-hundred day moving average price of $112.70. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 272.48 and a beta of 2.94. CAVA Group, Inc. has a twelve month low of $36.69 and a twelve month high of $172.43.

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

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.