Callan Family Office LLC Makes New $584,000 Investment in CAVA Group, Inc. $CAVA

Key Points

• Callan Family Office LLC has invested approximately $584,000 in CAVA Group, acquiring 6,938 shares during the second quarter.
• Several large investors, including Vanguard Group and Jennison Associates, have significantly increased their holdings in CAVA Group, demonstrating strong institutional interest.
• Wall Street analysts have adjusted their price targets for CAVA Group, with estimates ranging from $85.00 to $125.00, reflecting a consensus rating of "Moderate Buy."

Callan Family Office LLC acquired a new stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,938 shares of the company's stock, valued at approximately $584,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of CAVA Group by 13.2% in the first quarter. Vanguard Group Inc. now owns 9,065,782 shares of the company's stock valued at $783,374,000 after purchasing an additional 1,054,180 shares during the period. Jennison Associates LLC raised its position in shares of CAVA Group by 246.1% in the first quarter. Jennison Associates LLC now owns 8,519,459 shares of the company's stock valued at $736,166,000 after purchasing an additional 6,057,727 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of CAVA Group by 114.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,394,561 shares of the company's stock valued at $206,915,000 after purchasing an additional 1,277,912 shares during the period. Alliancebernstein L.P. raised its position in shares of CAVA Group by 2,072.1% in the first quarter. Alliancebernstein L.P. now owns 852,691 shares of the company's stock valued at $73,681,000 after purchasing an additional 813,434 shares during the period. Finally, Nuveen LLC acquired a new position in shares of CAVA Group in the first quarter valued at about $72,800,000. 73.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. KeyCorp decreased their price target on shares of CAVA Group from $100.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Citigroup decreased their price target on shares of CAVA Group from $102.00 to $88.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. TD Cowen decreased their price target on shares of CAVA Group from $120.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Stifel Nicolaus decreased their price target on shares of CAVA Group from $175.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, June 18th. Finally, Wall Street Zen downgraded shares of CAVA Group from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, CAVA Group currently has a consensus rating of "Moderate Buy" and an average target price of $95.50.

CAVA Group Stock Performance

CAVA Group stock opened at $63.30 on Tuesday. CAVA Group, Inc. has a 52-week low of $58.33 and a 52-week high of $172.43. The firm has a 50 day moving average price of $67.62 and a two-hundred day moving average price of $79.48. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 53.20, a PEG ratio of 3.14 and a beta of 2.50.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. CAVA Group had a net margin of 12.98% and a return on equity of 9.83%. The company had revenue of $280.62 million during the quarter, compared to the consensus estimate of $285.65 million. During the same quarter last year, the firm posted $0.17 EPS. The company's quarterly revenue was up 20.2% on a year-over-year basis. As a group, equities 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.

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