CAVA Group, Inc. (NYSE:CAVA) Stock Holdings Raised by Calamos Advisors LLC

Calamos Advisors LLC raised its stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 280.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,975 shares of the company's stock after buying an additional 7,354 shares during the period. Calamos Advisors LLC's holdings in CAVA Group were worth $862,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CAVA. First Horizon Advisors Inc. increased its stake in shares of CAVA Group by 1,400.0% during the 1st quarter. First Horizon Advisors Inc. now owns 285 shares of the company's stock worth $25,000 after purchasing an additional 266 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company's stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of CAVA Group during the 1st quarter worth approximately $31,000. Whittier Trust Co. increased its stake in shares of CAVA Group by 80.9% during the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after purchasing an additional 127 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of CAVA Group by 884.4% during the 4th quarter. Signaturefd LLC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 283 shares in the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Theodoros Xenohristos sold 9,348 shares of CAVA Group stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.88, for a total transaction of $886,938.24. Following the sale, the insider owned 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brett Schulman sold 31,856 shares of CAVA Group stock in a transaction on Monday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $2,394,296.96. Following the sale, the chief executive officer directly owned 792,318 shares in the company, 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. In the last 90 days, insiders have sold 67,951 shares of company stock worth $5,409,027. 12.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CAVA shares. KeyCorp started coverage on shares of CAVA Group in a research note on Wednesday, July 2nd. They set an "overweight" rating and a $100.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of CAVA Group from $115.00 to $95.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 25th. UBS Group decreased their target price on shares of CAVA Group from $125.00 to $112.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. TD Securities restated a "buy" rating and issued a $120.00 price target on shares of CAVA Group in a report on Friday, May 16th. Finally, Stifel Nicolaus decreased their target price on shares of CAVA Group from $175.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CAVA Group presently has a consensus rating of "Moderate Buy" and an average target price of $117.82.

CAVA Group Stock Up 4.1%

Shares of CAVA stock traded up $3.42 during mid-day trading on Tuesday, reaching $87.70. The company's stock had a trading volume of 4,067,888 shares, compared to its average volume of 3,235,336. The company's 50 day simple moving average is $84.65 and its 200-day simple moving average is $97.32. CAVA Group, Inc. has a 12-month low of $70.00 and a 12-month high of $172.43. The firm has a market capitalization of $10.14 billion, a PE ratio of 73.08, a price-to-earnings-growth ratio of 4.06 and a beta of 2.65.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.08. CAVA Group had a net margin of 13.70% and a return on equity of 10.61%. The business had revenue of $331.83 million for the quarter, compared to the consensus estimate of $327.98 million. During the same quarter last year, the firm posted $0.12 EPS. The business's revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS 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.