Natixis Advisors LLC Invests $1.36 Million in CAVA Group, Inc. (NYSE:CAVA)

Natixis Advisors LLC bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,982 shares of the company's stock, valued at approximately $1,360,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SpiderRock Advisors LLC boosted its position in shares of CAVA Group by 8.9% during the 3rd quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company's stock valued at $59,364,000 after purchasing an additional 39,319 shares in the last quarter. Xponance Inc. lifted its stake in CAVA Group by 95.2% in the second quarter. Xponance Inc. now owns 9,846 shares of the company's stock valued at $913,000 after buying an additional 4,803 shares during the period. PFG Investments LLC grew its position in shares of CAVA Group by 36.8% during the 3rd quarter. PFG Investments LLC now owns 15,907 shares of the company's stock worth $1,970,000 after buying an additional 4,275 shares during the period. Intech Investment Management LLC acquired a new stake in shares of CAVA Group during the 2nd quarter worth approximately $1,728,000. Finally, Aigen Investment Management LP bought a new stake in shares of CAVA Group in the 3rd quarter valued at $1,293,000. Institutional investors own 73.15% of the company's stock.

Analyst Upgrades and Downgrades

CAVA has been the subject of a number of research reports. Robert W. Baird raised their price target on shares of CAVA Group from $125.00 to $148.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Sanford C. Bernstein assumed coverage on CAVA Group in a research note on Wednesday, November 20th. They issued a "market perform" rating and a $145.00 target price for the company. Piper Sandler upped their price target on CAVA Group from $100.00 to $142.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. Loop Capital raised their price objective on CAVA Group from $122.00 to $147.00 and gave the company a "hold" rating in a research note on Thursday, November 14th. Finally, TD Securities upped their target price on CAVA Group from $115.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. 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 Trading Down 1.6 %

Shares of NYSE:CAVA traded down $2.29 during midday trading on Wednesday, reaching $141.23. The company had a trading volume of 1,709,153 shares, compared to its average volume of 2,784,726. The stock has a market cap of $16.18 billion, a P/E ratio of 311.96 and a beta of 3.23. CAVA Group, Inc. has a 52-week low of $31.47 and a 52-week high of $172.43. The company's 50 day moving average price is $134.47 and its 200 day moving average price is $108.08.

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 the consensus estimate 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 quarter in the prior year, the company earned $0.06 EPS. The firm's quarterly revenue was up 38.9% compared to the same quarter last year. Research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Insider Transactions at CAVA Group

In other CAVA Group news, Director Karen Kochevar sold 15,000 shares of the stock in a transaction that occurred 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 in the company, valued at $185,894.61. This represents a 91.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 12.10% of the company's stock.

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.