CAVA Group, Inc. (NYSE:CAVA) Shares Bought by Mariner LLC

Mariner LLC grew its position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 275,881 shares of the company's stock after purchasing an additional 9,036 shares during the quarter. Mariner LLC owned approximately 0.24% of CAVA Group worth $31,119,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in CAVA Group by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,868 shares of the company's stock valued at $59,544,000 after acquiring an additional 11,776 shares during the period. Entropy Technologies LP purchased a new stake in shares of CAVA Group during the fourth quarter worth approximately $2,097,000. Empowered Funds LLC acquired a new stake in shares of CAVA Group during the fourth quarter worth $5,007,000. Legacy Capital Wealth Partners LLC lifted its holdings in shares of CAVA Group by 71.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 13,658 shares of the company's stock worth $1,541,000 after purchasing an additional 5,712 shares during the period. Finally, Jennison Associates LLC increased its stake in CAVA Group by 36,658.7% in the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company's stock valued at $277,683,000 after buying an additional 2,455,035 shares during the period. 73.15% of the stock is owned by hedge funds and other institutional investors.

CAVA Group Stock Down 8.1 %

Shares of CAVA traded down $7.01 during trading hours on Monday, reaching $78.99. 1,117,360 shares of the company traded hands, compared to its average volume of 3,105,143. The stock has a market capitalization of $9.13 billion, a PE ratio of 171.72 and a beta of 3.33. The stock has a fifty day simple moving average of $92.30 and a 200 day simple moving average of $117.30. CAVA Group, Inc. has a fifty-two week low of $58.22 and a fifty-two week high of $172.43.

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

Insider Activity

In related news, CAO Adam David Phillips sold 615 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $76,499.85. Following the transaction, the chief accounting officer now directly owns 10,884 shares of the company's stock, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 $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. Insiders have sold 29,235 shares of company stock valued at $3,514,101 in the last three months. Corporate insiders own 12.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CAVA. TD Securities lowered their target price on shares of CAVA Group from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Monday. Loop Capital reduced their price target on CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Robert W. Baird set a $105.00 price objective on CAVA Group and gave the stock an "outperform" rating in a report on Monday, April 7th. Wedbush restated an "outperform" rating and set a $150.00 target price on shares of CAVA Group in a research report on Wednesday, February 26th. Finally, Piper Sandler upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and cut their price target for the company from $142.00 to $115.00 in a report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, CAVA Group currently has a consensus rating of "Moderate Buy" and an average target price of $126.94.

CAVA Group 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.