CAVA Group, Inc. (NYSE:CAVA) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 20.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,011,602 shares of the company's stock after purchasing an additional 1,357,187 shares during the period. Vanguard Group Inc. owned 6.99% of CAVA Group worth $903,709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. LPL Financial LLC grew its position in CAVA Group by 24.7% in the fourth quarter. LPL Financial LLC now owns 145,130 shares of the company's stock worth $16,371,000 after acquiring an additional 28,787 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of CAVA Group during the 4th quarter valued at about $1,850,000. AXQ Capital LP bought a new stake in CAVA Group in the 4th quarter worth approximately $911,000. Sei Investments Co. boosted its stake in CAVA Group by 131.3% in the fourth quarter. Sei Investments Co. now owns 58,928 shares of the company's stock worth $6,647,000 after buying an additional 33,451 shares in the last quarter. Finally, American Century Companies Inc. grew its position in CAVA Group by 91.6% during the fourth quarter. American Century Companies Inc. now owns 80,241 shares of the company's stock valued at $9,051,000 after acquiring an additional 38,363 shares during the last quarter. Institutional investors own 73.15% of the company's stock.

Insider Transactions at CAVA Group

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of the company'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 transaction, the chief accounting officer now owns 10,884 shares in the company, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brett Schulman sold 20,564 shares of the business's 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 completion of the sale, the chief executive officer now owns 776,369 shares in the company, 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. Over the last 90 days, insiders have sold 29,235 shares of company stock worth $3,514,101. Insiders own 12.10% of the company's stock.

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CAVA Group Price Performance

Shares of NYSE:CAVA traded down $0.96 on Tuesday, hitting $85.45. 1,485,746 shares of the company's stock were exchanged, compared to its average volume of 3,294,902. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 185.76 and a beta of 3.58. CAVA Group, Inc. has a 12 month low of $58.22 and a 12 month high of $172.43. The business's 50 day simple moving average is $107.40 and its two-hundred day simple moving average is $121.67.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of CAVA Group from $163.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. TD Securities reduced their price objective on CAVA Group from $150.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 target price for the company in a research note on Thursday, March 20th. Barclays reduced their price target on CAVA Group from $127.00 to $104.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Finally, Piper Sandler raised CAVA Group from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $142.00 to $115.00 in a research note on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, CAVA Group currently has an average rating of "Moderate Buy" and an average target price of $130.25.

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.