CAVA Group, Inc. (NYSE:CAVA) Shares Bought by PFG Investments LLC

PFG Investments LLC grew its stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 47.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,710 shares of the company's stock after purchasing an additional 6,625 shares during the quarter. PFG Investments LLC's holdings in CAVA Group were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in CAVA Group during the fourth quarter worth approximately $25,000. Allworth Financial LP increased its holdings in shares of CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company's stock valued at $30,000 after acquiring an additional 192 shares during the period. Larson Financial Group LLC increased its holdings in shares of CAVA Group by 274.0% in the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company's stock valued at $31,000 after acquiring an additional 200 shares during the period. Whittier Trust Co. increased its holdings in shares of CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after acquiring an additional 127 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of CAVA Group by 884.4% in the 4th quarter. Signaturefd LLC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 283 shares during the period. Institutional investors and hedge funds own 73.15% of the company's stock.

CAVA Group Stock Performance

Shares of NYSE CAVA opened at $74.74 on Friday. CAVA Group, Inc. has a one year low of $70.00 and a one year high of $172.43. The firm has a market capitalization of $8.64 billion, a P/E ratio of 62.29, a PEG ratio of 3.49 and a beta of 2.77. The company's fifty day moving average is $86.07 and its two-hundred day moving average is $101.19.

CAVA Group (NYSE:CAVA - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.22 EPS for the quarter, topping 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 firm had revenue of $331.83 million for the quarter, compared to the consensus estimate of $327.98 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm's revenue was up 28.1% on a year-over-year basis. On average, sell-side analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CAVA shares. Loop Capital cut their target price 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. JPMorgan Chase & Co. raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 target price on the stock in a report on Thursday, March 20th. Robert W. Baird lifted their target price on shares of CAVA Group from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wedbush reaffirmed an "outperform" rating and issued a $150.00 target price on shares of CAVA Group in a report on Wednesday, February 26th. Finally, Sanford C. Bernstein raised 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 investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $119.88.

Insider Buying and Selling

In other CAVA Group news, CEO Brett Schulman sold 31,856 shares of CAVA Group stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $2,394,296.96. Following the completion of the transaction, the chief executive officer now owns 792,318 shares in the company, valued at approximately $59,550,620.88. The trade was a 3.87% 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, CFO Tricia K. Tolivar sold 4,845 shares of CAVA Group stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $364,150.20. Following the transaction, the chief financial officer now owns 236,345 shares of the company's stock, valued at approximately $17,763,690.20. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,951 shares of company stock worth $5,409,027 in the last quarter. Company insiders own 6.80% of the company's stock.

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.

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