Verde Capital Management Acquires New Stake in CAVA Group, Inc. (NYSE:CAVA)

Verde Capital Management bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,069 shares of the company's stock, valued at approximately $1,700,000.

Several other large investors have also added to or reduced their stakes in the business. Conway Capital Management Inc. acquired a new stake in shares of CAVA Group in the 3rd quarter valued at about $5,524,000. SpiderRock Advisors LLC boosted its holdings in CAVA Group by 8.9% in the third quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company's stock worth $59,364,000 after acquiring an additional 39,319 shares in the last quarter. Xponance Inc. grew its stake in CAVA Group by 95.2% in the second quarter. Xponance Inc. now owns 9,846 shares of the company's stock valued at $913,000 after acquiring an additional 4,803 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of CAVA Group by 262.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company's stock valued at $63,918,000 after acquiring an additional 373,835 shares in the last quarter. Finally, PFG Investments LLC raised its position in shares of CAVA Group by 36.8% during the third quarter. PFG Investments LLC now owns 15,907 shares of the company's stock worth $1,970,000 after purchasing an additional 4,275 shares during the period. Institutional investors and hedge funds own 73.15% of the company's stock.

CAVA Group Trading Up 0.8 %

Shares of NYSE:CAVA traded up $0.96 during midday trading on Friday, reaching $124.97. The company had a trading volume of 1,635,974 shares, compared to its average volume of 2,086,175. The stock has a market cap of $14.32 billion, a P/E ratio of 271.68 and a beta of 3.21. The company's 50 day moving average price is $126.66 and its 200 day moving average price is $118.09. CAVA Group, Inc. has a 52-week low of $44.80 and a 52-week high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.04. The firm 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 company's revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. Research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on CAVA shares. Citigroup boosted their price target on shares of CAVA Group from $140.00 to $163.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. William Blair restated an "outperform" rating on shares of CAVA Group in a report on Wednesday, November 13th. UBS Group cut their price target on CAVA Group from $160.00 to $125.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Sanford C. Bernstein assumed coverage on CAVA Group in a report on Wednesday, November 20th. They set a "market perform" rating and a $145.00 price objective for the company. Finally, TD Cowen raised their target price on CAVA Group from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, CAVA Group has a consensus rating of "Moderate Buy" and a consensus target price of $142.13.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, CFO Tricia K. Tolivar sold 2,086 shares of the business's stock in a transaction on 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 $28,077,854.56. The trade was a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brett Schulman sold 20,564 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $2,450,817.52. Following the completion of the transaction, the chief executive officer now directly owns 776,369 shares of the company's stock, valued at $92,527,657.42. The trade was a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 676,050 shares of company stock valued at $100,043,120. Company insiders own 12.10% of the company's stock.

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.