UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 34,217 Shares of CAVA Group, Inc. (NYSE:CAVA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,762 shares of the company's stock after buying an additional 34,217 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of CAVA Group worth $22,759,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Jennison Associates LLC increased its holdings in shares of CAVA Group by 36,658.7% during the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company's stock worth $277,683,000 after buying an additional 2,455,035 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of CAVA Group by 20.4% in the 4th quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company's stock valued at $903,709,000 after purchasing an additional 1,357,187 shares in the last quarter. Man Group plc raised its stake in shares of CAVA Group by 563.7% in the 4th quarter. Man Group plc now owns 935,075 shares of the company's stock valued at $105,476,000 after purchasing an additional 794,187 shares in the last quarter. Barclays PLC raised its stake in CAVA Group by 116.7% during the fourth quarter. Barclays PLC now owns 84,755 shares of the company's stock worth $9,560,000 after acquiring an additional 591,866 shares during the period. Finally, Norges Bank acquired a new stake in CAVA Group during the fourth quarter worth about $64,538,000. Institutional investors and hedge funds own 73.15% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on CAVA shares. Robert W. Baird raised their price target on shares of CAVA Group from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Sanford C. Bernstein upgraded shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a report on Wednesday, April 23rd. Loop Capital decreased their price objective on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research note 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 price target for the company in a research report on Thursday, March 20th. Finally, UBS Group dropped their price target on shares of CAVA Group from $125.00 to $112.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CAVA Group has a consensus rating of "Moderate Buy" and an average target price of $123.00.

Insider Activity

In other CAVA Group news, insider Theodoros Xenohristos sold 9,348 shares of the business'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 transaction, the insider now directly owns 353,271 shares in the company, valued at $33,518,352.48. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kelly Costanza sold 10,243 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were 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 in the company, valued at approximately $10,858,810.61. This trade represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

CAVA Group Price Performance

NYSE:CAVA traded down $0.54 during midday trading on Friday, reaching $81.34. The stock had a trading volume of 5,293,038 shares, compared to its average volume of 3,155,709. CAVA Group, Inc. has a 1-year low of $70.00 and a 1-year high of $172.43. The firm's fifty day simple moving average is $88.69 and its 200-day simple moving average is $108.61. The stock has a market capitalization of $9.41 billion, a P/E ratio of 176.83 and a beta of 3.28.

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. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The business had revenue of $331.83 million for the quarter, compared to analyst estimates of $327.98 million. During the same period last year, the business posted $0.12 EPS. CAVA Group's revenue was up 28.1% compared to the same quarter last year. On average, equities research analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

CAVA Group Company 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.