9,508 Shares in CAVA Group, Inc. (NYSE:CAVA) Purchased by Cim LLC

Cim LLC purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,508 shares of the company's stock, valued at approximately $1,073,000.

Several other institutional investors have also recently made changes to their positions in CAVA. Vanguard Group Inc. lifted its position in CAVA Group by 20.4% during the fourth quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company's stock valued at $903,709,000 after purchasing an additional 1,357,187 shares in the last quarter. FMR LLC raised its stake in shares of CAVA Group by 14.1% in the fourth quarter. FMR LLC now owns 3,976,353 shares of the company's stock worth $448,533,000 after buying an additional 491,320 shares during the period. Jennison Associates LLC lifted its position in shares of CAVA Group by 36,658.7% during the 4th 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. Federated Hermes Inc. grew its stake in shares of CAVA Group by 33.0% during the 4th quarter. Federated Hermes Inc. now owns 1,464,987 shares of the company's stock valued at $165,243,000 after acquiring an additional 363,814 shares during the period. Finally, Lord Abbett & CO. LLC increased its holdings in CAVA Group by 2.3% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,389,327 shares of the company's stock worth $156,716,000 after acquiring an additional 31,077 shares in the last quarter. Institutional investors own 73.15% of the company's stock.

Insider Transactions at CAVA Group

In other news, insider Kelly Costanza sold 10,243 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $86.63, for a total value of $887,351.09. Following the completion of the sale, the insider now directly owns 125,347 shares of the company's stock, valued at $10,858,810.61. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Theodoros Xenohristos sold 9,348 shares of the business'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 value of $886,938.24. Following the transaction, the insider now directly owns 353,271 shares in the company, valued at approximately $33,518,352.48. This represents a 2.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CAVA shares. Loop Capital lowered their price target on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Barclays decreased their price objective on shares of CAVA Group from $104.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. upgraded CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price target for the company in a research note on Thursday, March 20th. Piper Sandler upgraded CAVA Group from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $142.00 to $115.00 in a research report on Friday, February 28th. Finally, William Blair reaffirmed an "outperform" rating on shares of CAVA Group in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.00.

CAVA Group Stock Down 0.7%

NYSE CAVA traded down $0.54 during trading on Friday, hitting $81.34. 5,292,378 shares of the stock traded hands, compared to its average volume of 3,155,704. CAVA Group, Inc. has a 12-month low of $70.00 and a 12-month high of $172.43. The firm has a 50-day simple moving average of $88.69 and a 200-day simple moving average of $108.61. The company has a market capitalization of $9.41 billion, a P/E ratio of 176.83 and a beta of 3.28.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.08. The firm had revenue of $331.83 million during the quarter, compared to analyst estimates of $327.98 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. CAVA Group's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. As a group, research analysts predict 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.