Sender Co & Partners Inc. Makes New $1.13 Million Investment in CAVA Group, Inc. $CAVA

Key Points

• Sender Co & Partners Inc. acquired 13,033 shares of CAVA Group, Inc. valued at approximately $1.13 million, reflecting growing institutional interest.
• CAVA Group reported earnings of $0.16 EPS for the last quarter, exceeding analysts' expectations, despite a slight decrease in revenue compared to the previous year.
• Analysts have adjusted their price targets for CAVA Group, with a consensus target of $96.41, indicating a moderate buy sentiment among investment analysts.

Sender Co & Partners Inc. bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,033 shares of the company's stock, valued at approximately $1,126,000.

Other large investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its holdings in CAVA Group by 37.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the company's stock valued at $46,000 after buying an additional 144 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in shares of CAVA Group by 1.9% during the first quarter. Miracle Mile Advisors LLC now owns 8,247 shares of the company's stock worth $713,000 after acquiring an additional 150 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its stake in CAVA Group by 6.2% during the first quarter. Regent Peak Wealth Advisors LLC now owns 3,166 shares of the company's stock valued at $274,000 after acquiring an additional 186 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in CAVA Group by 6.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,444 shares of the company's stock valued at $388,000 after acquiring an additional 201 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in CAVA Group by 4.2% in the 4th quarter. Frontier Capital Management Co. LLC now owns 5,075 shares of the company's stock valued at $572,000 after acquiring an additional 203 shares during the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

CAVA Group Stock Down 0.1%

CAVA Group stock traded down $0.08 during midday trading on Wednesday, reaching $65.20. The stock had a trading volume of 2,953,174 shares, compared to its average volume of 5,780,185. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 112.55, a price-to-earnings-growth ratio of 3.26 and a beta of 2.61. CAVA Group, Inc. has a 52-week low of $63.80 and a 52-week high of $172.43. The company has a fifty day moving average of $79.22 and a 200 day moving average of $83.24.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. CAVA Group had a return on equity of 9.83% and a net margin of 12.98%.The business had revenue of $280.62 million during the quarter, compared to analyst estimates of $285.65 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The company's revenue for the quarter was up 20.2% compared to the same quarter last year. Equities research analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

CAVA has been the subject of several research reports. Bank of America dropped their price objective on shares of CAVA Group from $121.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. JPMorgan Chase & Co. dropped their price target on CAVA Group from $115.00 to $95.00 and set an "overweight" rating for the company in a research note on Wednesday, June 25th. TD Securities reaffirmed a "buy" rating and issued a $120.00 price objective on shares of CAVA Group in a research note on Friday, May 16th. Piper Sandler decreased their price objective on CAVA Group from $122.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Finally, Cfra Research upgraded CAVA Group to a "strong-buy" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $96.41.

Insiders Place Their Bets

In other news, insider Jennifer Somers sold 2,861 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $75.16, for a total value of $215,032.76. Following the transaction, the insider directly owned 137,048 shares in the company, valued at approximately $10,300,527.68. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Adam David Phillips sold 739 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $55,543.24. Following the completion of the transaction, the chief accounting officer directly owned 11,063 shares in the company, valued at $831,495.08. This represents a 6.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,360 shares of company stock valued at $3,634,738. 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.