S.A. Mason LLC Invests $431,000 in CAVA Group, Inc. (NYSE:CAVA)

S.A. Mason LLC purchased a new stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 3,821 shares of the company's stock, valued at approximately $431,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CAVA. Nwam LLC grew its holdings in CAVA Group by 2.6% during the 3rd quarter. Nwam LLC now owns 3,368 shares of the company's stock valued at $417,000 after buying an additional 85 shares in the last quarter. Howard Financial Services LTD. lifted its position in CAVA Group by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock valued at $699,000 after purchasing an additional 109 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of CAVA Group by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company's stock worth $407,000 after buying an additional 110 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of CAVA Group by 6.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company's stock valued at $237,000 after acquiring an additional 113 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company's stock worth $48,000 after acquiring an additional 114 shares in the last quarter. Institutional investors own 73.15% of the company's stock.

Insider Transactions at CAVA Group

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

CAVA Group Trading Down 2.9 %

Shares of NYSE CAVA opened at $134.92 on Monday. The company has a 50 day simple moving average of $125.06 and a two-hundred day simple moving average of $120.41. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 293.31 and a beta of 3.25. CAVA Group, Inc. has a 12 month low of $46.56 and a 12 month high of $172.43.

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

Analysts Set New Price Targets

CAVA has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on CAVA Group from $90.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Stifel Nicolaus lifted their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. TD Cowen increased their target price on shares of CAVA Group from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. William Blair reaffirmed an "outperform" rating on shares of CAVA Group in a research note on Wednesday, November 13th. Finally, Barclays reduced their price objective on shares of 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. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.13.

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.

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