CAVA Group, Inc. (NYSE:CAVA) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors raised its stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 32.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,195 shares of the company's stock after purchasing an additional 3,022 shares during the quarter. Captrust Financial Advisors' holdings in CAVA Group were worth $1,376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Jennison Associates LLC boosted its stake in shares of CAVA Group by 36,658.7% in the fourth 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. Vanguard Group Inc. boosted its stake in shares of CAVA Group by 20.4% in the fourth quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company's stock valued at $903,709,000 after buying an additional 1,357,187 shares in the last quarter. Barclays PLC boosted its stake in shares of CAVA Group by 116.7% in the fourth quarter. Barclays PLC now owns 84,755 shares of the company's stock valued at $9,560,000 after buying an additional 591,866 shares in the last quarter. Norges Bank purchased a new stake in shares of CAVA Group in the fourth quarter valued at approximately $64,538,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of CAVA Group in the fourth quarter valued at approximately $59,516,000. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Theodoros Xenohristos sold 9,348 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.88, for a total transaction of $886,938.24. Following the completion of the transaction, the insider now owns 353,271 shares of the company's stock, valued at approximately $33,518,352.48. This represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CAVA has been the topic of a number of analyst reports. Barclays decreased their price target on CAVA Group from $104.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler raised CAVA Group from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $142.00 to $115.00 in a research note on Friday, February 28th. JPMorgan Chase & Co. upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price objective on the stock in a research report on Thursday, March 20th. TD Securities restated a "buy" rating and set a $120.00 target price on shares of CAVA Group in a report on Friday. Finally, Bank of America began coverage on shares of CAVA Group in a report on Monday, March 31st. They issued a "buy" rating and a $112.00 price target on the stock. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $122.44.

CAVA Group Stock Performance

NYSE CAVA traded down $2.03 during mid-day trading on Friday, reaching $97.03. 9,780,331 shares of the stock were exchanged, compared to its average volume of 3,170,298. The stock has a market capitalization of $11.22 billion, a PE ratio of 210.93 and a beta of 3.28. CAVA Group, Inc. has a 1-year low of $70.00 and a 1-year high of $172.43. The business's fifty day simple moving average is $88.07 and its 200 day simple moving average is $111.76.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. The company had revenue of $331.83 million for the quarter, compared to analyst estimates of $327.98 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 EPS. On average, analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

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.