2,963 Shares in CAVA Group, Inc. (NYSE:CAVA) Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. purchased a new position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,963 shares of the company's stock, valued at approximately $334,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of CAVA Group during the 4th quarter worth $49,000. Perigon Wealth Management LLC raised its holdings in shares of CAVA Group by 89.7% during the 4th quarter. Perigon Wealth Management LLC now owns 4,099 shares of the company's stock worth $482,000 after buying an additional 1,938 shares in the last quarter. KBC Group NV raised its holdings in shares of CAVA Group by 114.8% during the 4th quarter. KBC Group NV now owns 3,433 shares of the company's stock worth $387,000 after buying an additional 1,835 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in CAVA Group during the 4th quarter worth $260,000. Finally, Geneos Wealth Management Inc. bought a new stake in CAVA Group during the 4th quarter worth $63,000. 73.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CAVA shares. Piper Sandler upped their price target on CAVA Group from $100.00 to $142.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. Barclays cut their target price on CAVA Group from $142.00 to $127.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Sanford C. Bernstein began coverage on CAVA Group in a research note on Wednesday, November 20th. They set a "market perform" rating and a $145.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on CAVA Group from $90.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Finally, Wedbush increased their price objective on CAVA Group from $155.00 to $190.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, CAVA Group has an average rating of "Moderate Buy" and a consensus target price of $142.13.

Insider Transactions at CAVA Group

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 stock was sold at an average price of $124.39, for a total value of $76,499.85. Following the completion of the transaction, the chief accounting officer now owns 10,884 shares of the company's stock, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth Robert Bertram sold 678 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 $84,336.42. Following the sale, the insider now owns 57,312 shares of the company's stock, valued at approximately $7,129,039.68. This represents a 1.17 % 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 in the last quarter. 12.10% of the stock is owned by insiders.

CAVA Group Stock Down 2.6 %

Shares of CAVA Group stock traded down $3.65 on Friday, hitting $138.30. The stock had a trading volume of 1,521,989 shares, compared to its average volume of 1,837,677. CAVA Group, Inc. has a one year low of $48.10 and a one year high of $172.43. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 300.65 and a beta of 3.25. The stock's 50-day simple moving average is $124.93 and its two-hundred day simple moving average is $121.95.

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

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.