Natixis Buys Shares of 55,323 CAVA Group, Inc. (NYSE:CAVA)

Natixis acquired a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 55,323 shares of the company's stock, valued at approximately $6,240,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new position in shares of CAVA Group in the 4th quarter valued at about $25,000. Allworth Financial LP boosted its stake in CAVA Group by 369.2% in the fourth quarter. Allworth Financial LP now owns 244 shares of the company's stock valued at $30,000 after acquiring an additional 192 shares during the period. Larson Financial Group LLC grew its holdings in shares of CAVA Group by 274.0% during the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company's stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of CAVA Group by 80.9% in 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 last quarter. Finally, Signaturefd LLC boosted its position in CAVA Group by 884.4% during the 4th quarter. Signaturefd LLC now owns 315 shares of the company's stock valued at $36,000 after purchasing an additional 283 shares during the period. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Tricia K. Tolivar sold 1,505 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $187,206.95. Following the completion of the transaction, the chief financial officer now directly owns 234,087 shares in the company, valued at approximately $29,118,081.93. The trade was a 0.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brett Schulman sold 2,936 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $365,209.04. Following the transaction, the chief executive officer now owns 773,433 shares of the company's stock, valued at approximately $96,207,330.87. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,734 shares of company stock worth $713,252. Corporate insiders own 12.10% of the company's stock.

CAVA Group Stock Down 0.3 %

Shares of NYSE CAVA traded down $0.28 during trading hours on Friday, hitting $90.74. The company had a trading volume of 1,877,248 shares, compared to its average volume of 3,124,882. The firm's 50 day moving average is $88.61 and its 200-day moving average is $116.28. CAVA Group, Inc. has a 1-year low of $59.02 and a 1-year high of $172.43. The stock has a market capitalization of $10.49 billion, a P/E ratio of 197.26 and a beta of 3.33.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $227.40 million for the quarter, compared to the consensus estimate of $223.34 million. On average, sell-side analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

CAVA has been the topic of a number of recent analyst reports. Citigroup cut their price target on CAVA Group from $163.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Robert W. Baird set a $105.00 target price on CAVA Group and gave the company an "outperform" rating in a report on Monday, April 7th. Wedbush reiterated an "outperform" rating and set a $150.00 price target on shares of CAVA Group in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price objective for the company in a research note on Thursday, March 20th. Finally, Piper Sandler upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $142.00 to $115.00 in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.19.

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.