CAVA Group, Inc. (NYSE:CAVA) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,400 shares of the company's stock after buying an additional 10,900 shares during the quarter. Janus Henderson Group PLC's holdings in CAVA Group were worth $4,102,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CAVA. Ameritas Advisory Services LLC purchased a new position in CAVA Group during the fourth quarter valued at approximately $3,985,000. Artemis Investment Management LLP purchased a new position in CAVA Group in the fourth quarter worth $15,498,000. Dakota Wealth Management grew its holdings in CAVA Group by 4.9% in the fourth quarter. Dakota Wealth Management now owns 27,130 shares of the company's stock worth $3,060,000 after purchasing an additional 1,260 shares during the last quarter. Magnus Financial Group LLC grew its holdings in CAVA Group by 13.4% in the fourth quarter. Magnus Financial Group LLC now owns 5,772 shares of the company's stock worth $651,000 after purchasing an additional 681 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in CAVA Group by 65.5% in the fourth quarter. SG Americas Securities LLC now owns 25,427 shares of the company's stock worth $2,868,000 after purchasing an additional 10,061 shares during the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CAVA Group news, insider Theodoros Xenohristos sold 9,348 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.88, for a total value of $886,938.24. Following the completion of the transaction, the insider now owns 353,271 shares in the company, valued at approximately $33,518,352.48. This represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kelly Costanza sold 10,243 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $86.63, for a total transaction of $887,351.09. Following the completion of the transaction, the insider now owns 125,347 shares of the company's stock, valued at approximately $10,858,810.61. This trade represents a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

CAVA Group Stock Performance

NYSE CAVA traded down $0.94 on Friday, reaching $83.42. 2,854,763 shares of the company's stock traded hands, compared to its average volume of 3,212,688. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 181.35 and a beta of 3.28. The stock has a 50 day moving average price of $88.90 and a 200-day moving average price of $109.89. CAVA Group, Inc. has a fifty-two week low of $70.00 and a fifty-two week high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.08. The company had revenue of $331.83 million during the quarter, compared to the consensus estimate of $327.98 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm's quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. As a group, equities research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

CAVA has been the topic of several analyst reports. Robert W. Baird lifted their price target on shares of CAVA Group from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. William Blair reaffirmed an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. Citigroup lifted their price target on shares of CAVA Group from $114.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Loop Capital cut 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. Finally, TD Securities reiterated a "buy" rating and set a $120.00 price objective on shares of CAVA Group in a research note on Friday, May 16th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $123.00.

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.