61,307 Shares in CAVA Group, Inc. $CAVA Purchased by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd acquired a new stake of 61,307 shares in CAVA (~$3.70M), representing about 0.05% of the company at the end of the quarter.
• Company insiders have been net sellers, disposing of 39,055 shares valued at $2.57M over the past 90 days (including sales by Kelly Costanza and CAO Adam David Phillips), while insiders still own 12.10% of the stock.
• CAVA slightly beat quarterly estimates with $0.04 EPS vs. $0.03 expected and revenue of $274.99M (up 20.9% YoY); analysts show a consensus "Moderate Buy" with an average price target of $84.04 as the stock trades near $81.76 (market cap ~$9.52B).

WINTON GROUP Ltd acquired a new stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 61,307 shares of the company's stock, valued at approximately $3,704,000. WINTON GROUP Ltd owned 0.05% of CAVA Group at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CAVA. Russell Investments Group Ltd. increased its position in shares of CAVA Group by 711.9% during the third quarter. Russell Investments Group Ltd. now owns 349,089 shares of the company's stock worth $21,088,000 after acquiring an additional 306,093 shares during the period. Schroder Investment Management Group boosted its holdings in shares of CAVA Group by 3.2% in the third quarter. Schroder Investment Management Group now owns 20,792 shares of the company's stock valued at $1,222,000 after purchasing an additional 646 shares during the period. Blair William & Co. IL grew its stake in CAVA Group by 16.6% in the third quarter. Blair William & Co. IL now owns 35,866 shares of the company's stock worth $2,167,000 after purchasing an additional 5,114 shares in the last quarter. Baltimore Washington Financial Advisors Inc. grew its stake in CAVA Group by 35.6% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 3,810 shares of the company's stock worth $230,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Smith Moore & CO. increased its holdings in CAVA Group by 8.2% during the 3rd quarter. Smith Moore & CO. now owns 4,703 shares of the company's stock worth $284,000 after purchasing an additional 356 shares during the period. 73.15% of the stock is currently owned by institutional investors.

Insider Activity at CAVA Group

In other CAVA Group news, insider Kelly Costanza sold 1,707 shares of CAVA Group stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total value of $106,072.98. Following the transaction, the insider owned 119,139 shares in the company, valued at $7,403,297.46. The trade was a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Adam David Phillips sold 774 shares of the business's stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total transaction of $48,096.36. Following the completion of the transaction, the chief accounting officer owned 10,435 shares of the company's stock, valued at $648,430.90. This represents a 6.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 39,055 shares of company stock valued at $2,572,303 over the last 90 days. Company insiders own 12.10% of the company's stock.

CAVA Group Stock Up 4.0%

CAVA Group stock opened at $81.76 on Tuesday. The firm has a market cap of $9.52 billion, a P/E ratio of 151.41, a P/E/G ratio of 6.76 and a beta of 2.15. The business has a fifty day moving average of $68.67 and a two-hundred day moving average of $62.06. CAVA Group, Inc. has a twelve month low of $43.41 and a twelve month high of $101.50.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. The business had revenue of $274.99 million for the quarter, compared to the consensus estimate of $268.04 million. CAVA Group had a return on equity of 8.43% and a net margin of 5.40%.The business's revenue was up 20.9% compared to the same quarter last year. During the same period last year, the business posted $0.05 EPS. Equities analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial lifted their target price on CAVA Group from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, February 25th. Johnson Rice set a $72.00 price target on CAVA Group in a research report on Monday, January 5th. Benchmark upgraded CAVA Group to a "strong-buy" rating in a research note on Thursday, February 5th. Piper Sandler lifted their price objective on CAVA Group from $71.00 to $85.00 and gave the company an "overweight" rating in a report on Wednesday, February 25th. Finally, Argus reaffirmed a "hold" rating on shares of CAVA Group in a research note on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.04.

About CAVA Group

CAVA Group, Inc NYSE: CAVA is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe's Kitchen.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.