CAVA Group, Inc. (NYSE:CAVA) Stock Position Lifted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,206 shares of the company's stock after purchasing an additional 12,200 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in CAVA Group were worth $6,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI purchased a new stake in shares of CAVA Group during the fourth quarter worth about $25,000. Allworth Financial LP grew its stake in CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company's stock worth $30,000 after acquiring an additional 192 shares during the period. Larson Financial Group LLC raised its holdings in CAVA Group by 274.0% in the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company's stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of CAVA Group by 80.9% during the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after purchasing an additional 127 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of CAVA Group by 884.4% during the fourth quarter. Signaturefd LLC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently commented on CAVA shares. JPMorgan Chase & Co. upgraded CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 target price for the company in a research note on Thursday, March 20th. Loop Capital dropped their price objective on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Bank of America assumed coverage on shares of CAVA Group in a research report on Monday, March 31st. They issued a "buy" rating and a $112.00 target price on the stock. Piper Sandler raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $142.00 to $115.00 in a research report on Friday, February 28th. Finally, UBS Group decreased their price target on shares of CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $130.25.

CAVA Group Stock Performance

Shares of NYSE:CAVA traded down $8.88 during mid-day trading on Friday, hitting $75.30. 8,153,045 shares of the company traded hands, compared to its average volume of 3,072,028. The firm's 50 day simple moving average is $104.28 and its 200 day simple moving average is $120.60. The firm has a market cap of $8.70 billion, a P/E ratio of 163.70 and a beta of 3.33. CAVA Group, Inc. has a 52-week low of $58.22 and a 52-week high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $223.34 million. Equities research analysts expect 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, CAO Adam David Phillips sold 615 shares of the firm's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $76,499.85. Following the sale, the chief accounting officer now directly owns 10,884 shares in the company, valued at approximately $1,353,860.76. This trade represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brett Schulman sold 20,564 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 776,369 shares of the company's stock, valued at $92,527,657.42. This represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,235 shares of company stock worth $3,514,101 over the last 90 days. Insiders own 12.10% of the company's stock.

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.