APEIRON CAPITAL Ltd Takes Position in CAVA Group, Inc. (NYSE:CAVA)

APEIRON CAPITAL Ltd bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,100 shares of the company's stock, valued at approximately $786,000. CAVA Group comprises 0.4% of APEIRON CAPITAL Ltd's investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAVA. Utah Retirement Systems lifted its position in CAVA Group by 2.5% in the 4th quarter. Utah Retirement Systems now owns 4,100 shares of the company's stock worth $462,000 after buying an additional 100 shares during the last quarter. Whittier Trust Co. raised its stake in shares of CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after acquiring an additional 127 shares in the last quarter. Mainstream Capital Management LLC lifted its holdings in shares of CAVA Group by 0.7% in the 4th quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company's stock worth $2,003,000 after acquiring an additional 132 shares during the last quarter. Miracle Mile Advisors LLC boosted its stake in shares of CAVA Group by 1.9% in the 1st quarter. Miracle Mile Advisors LLC now owns 8,247 shares of the company's stock valued at $713,000 after purchasing an additional 150 shares in the last quarter. Finally, Centurion Wealth Management LLC grew its holdings in shares of CAVA Group by 8.8% during the 4th quarter. Centurion Wealth Management LLC now owns 1,913 shares of the company's stock valued at $216,000 after purchasing an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 73.15% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on CAVA shares. Citigroup upped their price target on shares of CAVA Group from $114.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wedbush restated an "outperform" rating and set a $150.00 target price on shares of CAVA Group in a report on Wednesday, February 26th. William Blair reaffirmed an "outperform" rating on shares of CAVA Group in a research note on Wednesday, February 26th. Loop Capital dropped their price objective on CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Finally, Sanford C. Bernstein upgraded shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 target price on the stock in a report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $118.94.

Insider Activity

In other news, insider Theodoros Xenohristos sold 9,348 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.88, for a total value of $886,938.24. Following the sale, the insider now directly owns 353,271 shares of the company's stock, valued at $33,518,352.48. The trade was a 2.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Tricia K. Tolivar sold 4,845 shares of CAVA Group stock in a transaction 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 transaction, the chief financial officer now owns 236,345 shares of the company's stock, valued at $17,763,690.20. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,951 shares of company stock worth $5,409,027. Corporate insiders own 12.10% of the company's stock.

CAVA Group Price Performance

CAVA traded down $0.28 on Wednesday, hitting $73.95. The company had a trading volume of 3,371,191 shares, compared to its average volume of 3,134,247. The stock has a fifty day simple moving average of $85.51 and a 200-day simple moving average of $100.14. The firm has a market capitalization of $8.55 billion, a P/E ratio of 61.63, a P/E/G ratio of 3.52 and a beta of 2.77. CAVA Group, Inc. has a 52-week low of $70.00 and a 52-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 for the quarter, compared to analyst estimates of $327.98 million. CAVA Group had a return on equity of 10.61% and a net margin of 13.70%. The firm's revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share. Equities research analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

About CAVA Group

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.