XTX Topco Ltd Purchases Shares of 6,682 CAVA Group, Inc. (NYSE:CAVA)

XTX Topco Ltd acquired a new position in CAVA Group, Inc. (NYSE:CAVA - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,682 shares of the company's stock, valued at approximately $828,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAVA. Cetera Advisors LLC purchased a new position in shares of CAVA Group in the 1st quarter worth about $301,000. SG Americas Securities LLC bought a new stake in shares of CAVA Group in the 2nd quarter valued at about $2,440,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of CAVA Group by 130.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 72,787 shares of the company's stock valued at $6,751,000 after acquiring an additional 41,154 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in CAVA Group by 8.8% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 8,864 shares of the company's stock valued at $822,000 after purchasing an additional 720 shares during the last quarter. Finally, SOA Wealth Advisors LLC. bought a new position in CAVA Group during the 2nd quarter valued at approximately $46,000. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CAVA. Piper Sandler upped their target price on CAVA Group from $100.00 to $142.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. Wedbush upped their price target on CAVA Group from $155.00 to $190.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Loop Capital upped their price target on CAVA Group from $122.00 to $147.00 and gave the stock a "hold" rating in a research note on Thursday, November 14th. UBS Group began coverage on CAVA Group in a research note on Friday, September 27th. They issued a "neutral" rating and a $135.00 price target on the stock. Finally, Morgan Stanley upped their price target on CAVA Group from $123.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, CAVA Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $143.80.

CAVA Group Trading Up 0.1 %

CAVA Group stock traded up $0.19 during trading on Wednesday, reaching $127.58. The company had a trading volume of 2,698,015 shares, compared to its average volume of 2,802,334. CAVA Group, Inc. has a 52 week low of $33.32 and a 52 week high of $172.43. The firm's 50-day simple moving average is $137.71 and its 200 day simple moving average is $112.61. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of 277.35 and a beta of 2.94.

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, topping analysts' consensus estimates of $0.11 by $0.04. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $243.82 million for the quarter, compared to analysts' expectations of $233.05 million. During the same period last year, the firm earned $0.06 EPS. CAVA Group's revenue for the quarter was up 38.9% compared to the same quarter last year. On average, analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the sale, the director now owns 6,307 shares of the company's stock, valued at approximately $942,265.80. This trade represents a 99.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction that occurred 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 sale, the director now directly owns 1,307 shares in the company, valued at $182,980. This trade represents a 91.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 652,549 shares of company stock valued at $97,242,271. 12.10% of the stock is owned by company insiders.

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.