Swiss National Bank Raises Position in CAVA Group, Inc. (NYSE:CAVA)

Swiss National Bank increased its holdings in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 41.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 157,400 shares of the company's stock after buying an additional 46,000 shares during the period. Swiss National Bank owned 0.14% of CAVA Group worth $17,755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CAVA. FMR LLC lifted its stake in CAVA Group by 0.9% in the 3rd quarter. FMR LLC now owns 3,485,033 shares of the company's stock worth $431,621,000 after purchasing an additional 29,668 shares in the last quarter. Jennison Associates LLC raised its position in shares of CAVA Group by 36,658.7% during the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company's stock valued at $277,683,000 after buying an additional 2,455,035 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of CAVA Group by 17.0% during the 3rd quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company's stock valued at $273,820,000 after buying an additional 321,800 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of CAVA Group by 1.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,358,250 shares of the company's stock valued at $168,219,000 after buying an additional 19,493 shares in the last quarter. Finally, State Street Corp raised its position in shares of CAVA Group by 33.3% during the 3rd quarter. State Street Corp now owns 1,267,333 shares of the company's stock valued at $156,959,000 after buying an additional 316,514 shares in the last quarter. 73.15% of the stock is owned by institutional investors.

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Insider Activity

In other news, CFO Tricia K. Tolivar sold 2,086 shares of CAVA Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $248,609.48. Following the sale, the chief financial officer now owns 235,592 shares of the company's stock, valued at approximately $28,077,854.56. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brett Schulman sold 20,564 shares of CAVA Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the transaction, the chief executive officer now directly owns 776,369 shares of the company's stock, valued at approximately $92,527,657.42. This trade represents a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,235 shares of company stock valued at $3,514,101. Corporate insiders own 12.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CAVA. Wedbush restated an "outperform" rating and set a $150.00 price objective on shares of CAVA Group in a research report on Wednesday, February 26th. Piper Sandler upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $142.00 to $115.00 in a research report on Friday, February 28th. William Blair restated an "outperform" rating on shares of CAVA Group in a research report on Wednesday, February 26th. Loop Capital decreased their target price on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Finally, UBS Group decreased their target price on shares of CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.47.

CAVA Group Price Performance

CAVA Group stock traded down $1.08 during trading hours on Friday, reaching $83.59. The stock had a trading volume of 3,608,663 shares, compared to its average volume of 2,914,633. The stock has a market cap of $9.66 billion, a PE ratio of 181.71 and a beta of 3.58. CAVA Group, Inc. has a 52 week low of $58.22 and a 52 week high of $172.43. The company has a fifty day simple moving average of $110.68 and a 200-day simple moving average of $122.88.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The firm had revenue of $227.40 million during the quarter, compared to the consensus estimate of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. Research analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

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.