Nuveen Asset Management LLC Has $33.45 Million Holdings in CAVA Group, Inc. (NYSE:CAVA)

Nuveen Asset Management LLC lowered its position in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 296,531 shares of the company's stock after selling 86,059 shares during the period. Nuveen Asset Management LLC owned about 0.26% of CAVA Group worth $33,449,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CAVA. Jennison Associates LLC increased its position in shares of CAVA Group by 36,658.7% in the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company's stock valued at $277,683,000 after buying an additional 2,455,035 shares in the last quarter. Vanguard Group Inc. increased its position 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 buying an additional 1,357,187 shares in the last quarter. Barclays PLC increased its holdings in CAVA Group by 116.7% during the 4th quarter. Barclays PLC now owns 84,755 shares of the company's stock worth $9,560,000 after purchasing an additional 591,866 shares in the last quarter. Norges Bank bought a new position in CAVA Group during the 4th quarter worth about $64,538,000. Finally, Raymond James Financial Inc. bought a new position in CAVA Group during the 4th quarter worth about $59,516,000. Institutional investors own 73.15% of the company's stock.

CAVA Group Stock Performance

NYSE:CAVA traded down $1.14 during mid-day trading on Tuesday, hitting $82.29. The stock had a trading volume of 4,387,333 shares, compared to its average volume of 3,217,412. CAVA Group, Inc. has a twelve month low of $70.00 and a twelve month high of $172.43. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 178.89 and a beta of 3.28. The company's 50 day simple moving average is $88.89 and its 200 day simple moving average is $109.25.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.22 earnings per share (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 business had revenue of $331.83 million during the quarter, compared to the consensus estimate of $327.98 million. During the same period last year, the business posted $0.12 EPS. CAVA Group's revenue was up 28.1% on a year-over-year basis. As a group, equities analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on CAVA. Sanford C. Bernstein upgraded 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. Robert W. Baird increased their target price on CAVA Group from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Wedbush reiterated an "outperform" rating and set a $150.00 target price on shares of CAVA Group in a report on Wednesday, February 26th. Citigroup increased their target price on CAVA Group from $114.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, UBS Group lowered their target price on CAVA Group from $125.00 to $112.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.00.

Insider Activity at CAVA Group

In other CAVA Group 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 completion of the sale, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kelly Costanza sold 10,243 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $86.63, for a total transaction of $887,351.09. Following the sale, the insider now owns 125,347 shares of the company's stock, valued at $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 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.