Robbins Farley Buys 11,843 Shares of CAVA Group, Inc. (NYSE:CAVA)

Robbins Farley increased its stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 97.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,027 shares of the company's stock after purchasing an additional 11,843 shares during the quarter. Robbins Farley's holdings in CAVA Group were worth $2,710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in shares of CAVA Group by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company's stock worth $3,632,000 after purchasing an additional 184 shares during the period. AQR Capital Management LLC purchased a new position in shares of CAVA Group during the 2nd quarter valued at $208,000. The Manufacturers Life Insurance Company boosted its holdings in CAVA Group by 12.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,007 shares of the company's stock worth $1,948,000 after buying an additional 2,250 shares during the period. Algert Global LLC purchased a new stake in CAVA Group in the 2nd quarter worth $426,000. Finally, Creative Planning raised its holdings in CAVA Group by 24.7% during the second quarter. Creative Planning now owns 5,046 shares of the company's stock valued at $468,000 after acquiring an additional 1,000 shares during the period. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $76,499.85. Following the completion of the sale, the chief accounting officer now directly owns 10,884 shares of the company's stock, valued at $1,353,860.76. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karen Kochevar sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the transaction, the director now directly owns 1,307 shares in the company, valued at approximately $182,980. This trade represents a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 681,784 shares of company stock valued at $100,756,372 over the last 90 days. Insiders own 12.10% of the company's stock.

CAVA Group Trading Down 2.6 %

Shares of NYSE CAVA traded down $3.65 during trading hours on Friday, hitting $138.30. 1,521,989 shares of the company traded hands, compared to its average volume of 2,023,933. The company's 50 day moving average price is $124.99 and its 200 day moving average price is $121.55. CAVA Group, Inc. has a 12 month low of $48.10 and a 12 month high of $172.43. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 300.65 and a beta of 3.25.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays cut their target price on CAVA Group from $142.00 to $127.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Robert W. Baird lifted their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Stifel Nicolaus boosted their target price on shares of CAVA Group from $118.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. William Blair reaffirmed an "outperform" rating on shares of CAVA Group in a research note on Wednesday, November 13th. Finally, Morgan Stanley boosted their price target on shares of CAVA Group from $123.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $142.13.

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.