2,977 Shares in CAVA Group, Inc. (NYSE:CAVA) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. bought a new stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,977 shares of the company's stock, valued at approximately $257,000.

Several other hedge funds have also recently made changes to their positions in CAVA. 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 acquiring an additional 1,357,187 shares during the period. Man Group plc increased its position 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 acquiring an additional 794,187 shares during the period. Barclays PLC increased its position in shares of CAVA Group by 116.7% in the 4th quarter. Barclays PLC now owns 84,755 shares of the company's stock valued at $9,560,000 after acquiring an additional 591,866 shares during the period. Norges Bank acquired a new position in shares of CAVA Group in the 4th quarter valued at $64,538,000. Finally, Canada Pension Plan Investment Board increased its position in shares of CAVA Group by 393.2% in the 4th quarter. Canada Pension Plan Investment Board now owns 628,300 shares of the company's stock valued at $70,872,000 after acquiring an additional 500,900 shares during the period. 73.15% of the stock is owned by institutional investors and hedge funds.

CAVA Group Stock Performance

Shares of CAVA Group stock traded down $2.01 on Thursday, hitting $86.97. The company's stock had a trading volume of 6,610,384 shares, compared to its average volume of 3,247,530. CAVA Group, Inc. has a 1 year low of $70.00 and a 1 year high of $172.43. The firm has a fifty day moving average price of $83.87 and a 200-day moving average price of $96.10. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 72.48, a price-to-earnings-growth ratio of 4.19 and a beta of 2.65.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08. CAVA Group had a return on equity of 10.61% and a net margin of 13.70%. The firm had revenue of $331.83 million during the quarter, compared to analyst estimates of $327.98 million. During the same quarter in the previous year, the business earned $0.12 EPS. CAVA Group's revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Transactions at CAVA Group

In related news, insider Kelly Costanza sold 10,243 shares of CAVA Group stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $86.63, for a total value of $887,351.09. Following the completion of the transaction, the insider owned 125,347 shares in the company, valued at $10,858,810.61. The trade was a 7.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tricia K. Tolivar sold 4,845 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 value of $364,150.20. Following the completion of the transaction, the chief financial officer owned 236,345 shares of the company's stock, valued at approximately $17,763,690.20. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,951 shares of company stock worth $5,409,027 over the last quarter. Company insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CAVA. JPMorgan Chase & Co. cut their target price on CAVA Group from $115.00 to $95.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 25th. Citigroup upped their target price on CAVA Group from $114.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. KeyCorp assumed coverage on CAVA Group in a research note on Wednesday, July 2nd. They set an "overweight" rating and a $100.00 price objective for the company. Morgan Stanley set a $107.00 price objective on CAVA Group and gave the company an "equal weight" rating in a research note on Monday. Finally, Bank of America lifted their price objective on CAVA Group from $112.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $115.06.

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.