20,509 Shares in CAVA Group, Inc. (NYSE:CAVA) Bought by Dupree Financial Group LLC

Dupree Financial Group LLC bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 20,509 shares of the company's stock, valued at approximately $1,772,000.

A number of other hedge funds have also made changes to their positions in CAVA. Larson Financial Group LLC increased its position in CAVA Group by 274.0% in the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company's stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. Whittier Trust Co. increased its position in CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after acquiring an additional 127 shares in the last quarter. First Horizon Advisors Inc. increased its position in CAVA Group by 1,400.0% in the 1st quarter. First Horizon Advisors Inc. now owns 285 shares of the company's stock valued at $25,000 after acquiring an additional 266 shares in the last quarter. Signaturefd LLC increased its position in CAVA Group by 884.4% in the 4th quarter. Signaturefd LLC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in CAVA Group in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 73.15% of the company's stock.

Insider Buying and Selling

In other news, CFO Tricia K. Tolivar sold 4,845 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $75.16, for a total value of $364,150.20. Following the completion of the transaction, the chief financial officer owned 236,345 shares in the company, valued at $17,763,690.20. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett Schulman sold 31,856 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $2,394,296.96. Following the completion of the transaction, the chief executive officer owned 792,318 shares of the company's stock, valued at $59,550,620.88. This trade represents a 3.87% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,951 shares of company stock valued at $5,409,027. 6.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CAVA has been the subject of several research reports. TD Securities restated a "buy" rating and issued a $120.00 price objective on shares of CAVA Group in a research report on Friday, May 16th. Robert W. Baird raised their target price on shares of CAVA Group from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Citigroup raised their target price on shares of CAVA Group from $114.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Barclays reduced their target price on shares of 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. Finally, Bank of America raised their target price on shares of CAVA Group from $112.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $117.82.

CAVA Group Stock Up 2.4%

NYSE CAVA traded up $2.19 during trading on Thursday, reaching $91.73. 4,249,116 shares of the stock traded hands, compared to its average volume of 3,243,980. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 76.44, a price-to-earnings-growth ratio of 4.11 and a beta of 2.65. The stock's 50-day moving average price is $84.51 and its 200 day moving average price is $97.20. CAVA Group, Inc. has a fifty-two week low of $70.00 and a fifty-two week high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08. The company had revenue of $331.83 million during the quarter, compared to analysts' expectations of $327.98 million. CAVA Group had a net margin of 13.70% and a return on equity of 10.61%. The business's quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. Analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

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.