Cetera Investment Advisers Increases Holdings in CAVA Group, Inc. (NYSE:CAVA)

Cetera Investment Advisers increased its holdings in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 229.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,485 shares of the company's stock after purchasing an additional 35,158 shares during the quarter. Cetera Investment Advisers' holdings in CAVA Group were worth $5,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Centiva Capital LP purchased a new stake in CAVA Group in the fourth quarter worth about $2,339,000. Brevan Howard Capital Management LP purchased a new stake in CAVA Group in the fourth quarter worth about $710,000. Captrust Financial Advisors lifted its holdings in CAVA Group by 32.9% in the fourth quarter. Captrust Financial Advisors now owns 12,195 shares of the company's stock worth $1,376,000 after buying an additional 3,022 shares during the period. Baird Financial Group Inc. lifted its holdings in CAVA Group by 123.1% in the fourth quarter. Baird Financial Group Inc. now owns 51,808 shares of the company's stock worth $5,844,000 after buying an additional 28,583 shares during the period. Finally, Banque Transatlantique SA purchased a new stake in CAVA Group in the fourth quarter worth about $12,849,000. 73.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays lowered their price objective on shares of CAVA Group from $104.00 to $90.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 target price for the company in a report on Thursday, March 20th. Sanford C. Bernstein upgraded shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a report on Wednesday, April 23rd. Bank of America lifted their target price on shares of CAVA Group from $112.00 to $121.00 and gave the company a "buy" rating in a report on Monday. Finally, Wedbush reiterated an "outperform" rating and set a $150.00 target price on shares of CAVA Group in a report on Wednesday, February 26th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, CAVA Group presently has an average rating of "Moderate Buy" and a consensus price target of $123.00.

CAVA Group Price Performance

NYSE CAVA traded down $6.78 during mid-day trading on Monday, reaching $90.03. The stock had a trading volume of 5,464,232 shares, compared to its average volume of 3,179,520. CAVA Group, Inc. has a 1 year low of $70.00 and a 1 year high of $172.43. The stock has a market cap of $10.41 billion, a PE ratio of 195.72 and a beta of 3.28. The company has a fifty day moving average price of $88.22 and a 200 day moving average price of $111.32.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings data 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. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The company had revenue of $331.83 million during the quarter, compared to analyst estimates of $327.98 million. During the same period in the previous year, the business earned $0.12 EPS. The firm's revenue for the quarter was up 28.1% on a year-over-year basis. As a group, equities research analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 9,348 shares of the business's stock in a transaction 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 sale, the insider now directly owns 353,271 shares in the company, valued at approximately $33,518,352.48. The trade was a 2.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.80% 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.