CAVA Group, Inc. (NYSE:CAVA) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 768.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 220,816 shares of the company's stock after buying an additional 195,389 shares during the period. SG Americas Securities LLC owned approximately 0.19% of CAVA Group worth $19,081,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in CAVA Group by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,868 shares of the company's stock valued at $59,544,000 after purchasing an additional 11,776 shares in the last quarter. Empowered Funds LLC purchased a new position in CAVA Group in the 4th quarter valued at about $5,007,000. Legacy Capital Wealth Partners LLC grew its stake in shares of CAVA Group by 71.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 13,658 shares of the company's stock valued at $1,541,000 after acquiring an additional 5,712 shares in the last quarter. GAMMA Investing LLC increased its position in shares of CAVA Group by 17,386.7% during the first quarter. GAMMA Investing LLC now owns 73,794 shares of the company's stock worth $6,377,000 after acquiring an additional 73,372 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of CAVA Group in the fourth quarter worth about $2,697,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

CAVA Group Stock Performance

Shares of NYSE:CAVA traded up $1.37 during trading hours on Thursday, hitting $78.20. The stock had a trading volume of 3,789,866 shares, compared to its average volume of 3,095,586. The stock's fifty day simple moving average is $87.51 and its 200 day simple moving average is $104.28. CAVA Group, Inc. has a 1-year low of $70.00 and a 1-year high of $172.43. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 170.00 and a beta of 2.77.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The company had revenue of $331.83 million for the quarter, compared to analyst estimates of $327.98 million. During the same quarter last year, the business earned $0.12 earnings per share. CAVA Group's revenue 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 year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CAVA shares. William Blair reiterated an "outperform" rating on shares of CAVA Group in a research note on Wednesday, February 26th. Barclays reduced their price target on shares of CAVA Group from $104.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. TD Securities reaffirmed a "buy" rating and set a $120.00 price target on shares of CAVA Group in a research report on Friday, May 16th. Sanford C. Bernstein raised shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a research report on Wednesday, April 23rd. Finally, Bank of America increased their price target on shares of CAVA Group from $112.00 to $121.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.00.

Insider Buying and Selling at CAVA Group

In related news, insider Theodoros Xenohristos sold 9,348 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now owns 353,271 shares in the company, valued at $33,518,352.48. This trade represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kelly Costanza sold 10,243 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $86.63, for a total transaction of $887,351.09. Following the transaction, the insider now owns 125,347 shares in the company, valued at $10,858,810.61. This represents a 7.55% decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

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.