National Bank of Canada FI Buys 4,305 Shares of CAVA Group, Inc. (NYSE:CAVA)

National Bank of Canada FI lifted its stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 782.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,855 shares of the company's stock after buying an additional 4,305 shares during the period. National Bank of Canada FI's holdings in CAVA Group were worth $601,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CAVA. Brookstone Capital Management acquired a new position in shares of CAVA Group in the second quarter valued at approximately $856,000. Raymond James & Associates lifted its holdings in shares of CAVA Group by 120.1% during the second quarter. Raymond James & Associates now owns 170,791 shares of the company's stock worth $15,841,000 after purchasing an additional 93,177 shares during the period. PSI Advisors LLC raised its position in CAVA Group by 57.1% during the 2nd quarter. PSI Advisors LLC now owns 1,453 shares of the company's stock worth $135,000 after purchasing an additional 528 shares during the last quarter. &PARTNERS acquired a new position in CAVA Group during the 2nd quarter worth about $473,000. Finally, West Oak Capital LLC bought a new stake in shares of CAVA Group in the 2nd quarter valued at about $81,000. 73.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $149.40, for a total value of $93,008,820.60. Following the transaction, the director now owns 6,307 shares of the company's stock, valued at approximately $942,265.80. The trade was a 99.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karen Kochevar sold 15,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total value of $2,133,450.00. Following the sale, the director now directly owns 1,307 shares of the company's stock, valued at approximately $185,894.61. This represents 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 valued at $97,242,271 in the last three months. 12.10% of the stock is currently owned by insiders.

CAVA Group Price Performance

Shares of NYSE:CAVA traded up $2.75 during midday trading on Monday, hitting $126.80. 2,627,774 shares of the company's stock were exchanged, compared to its average volume of 2,795,569. CAVA Group, Inc. has a 12 month low of $39.05 and a 12 month high of $172.43. The company has a market cap of $14.53 billion, a PE ratio of 275.63 and a beta of 2.93. The stock has a 50 day moving average price of $137.67 and a 200-day moving average price of $113.38.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The firm had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company's quarterly revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. On average, analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CAVA shares. Robert W. Baird lifted their price objective on CAVA Group from $125.00 to $148.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. UBS Group assumed coverage on shares of CAVA Group in a research report on Friday, September 27th. They issued a "neutral" rating and a $135.00 price target on the stock. Morgan Stanley boosted their target price on shares of CAVA Group from $123.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, November 14th. Argus increased their price target on CAVA Group from $104.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. Finally, Barclays boosted their price objective on CAVA Group from $113.00 to $142.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, CAVA Group has an average rating of "Moderate Buy" and an average price target of $143.80.

About CAVA Group

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.