D.A. Davidson & CO. Purchases Shares of 34,189 CAVA Group, Inc. (NYSE:CAVA)

D.A. Davidson & CO. purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 34,189 shares of the company's stock, valued at approximately $2,954,000.

Other large investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in CAVA Group by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,868 shares of the company's stock worth $59,544,000 after purchasing an additional 11,776 shares during the last quarter. GAMMA Investing LLC lifted its position in CAVA Group by 17,386.7% in the first quarter. GAMMA Investing LLC now owns 73,794 shares of the company's stock valued at $6,377,000 after purchasing an additional 73,372 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in CAVA Group in the fourth quarter valued at approximately $2,697,000. Natixis Advisors LLC lifted its position in CAVA Group by 54.1% in the fourth quarter. Natixis Advisors LLC now owns 16,922 shares of the company's stock valued at $1,909,000 after purchasing an additional 5,940 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in CAVA Group by 46.7% in the fourth quarter. Victory Capital Management Inc. now owns 29,851 shares of the company's stock valued at $3,367,000 after purchasing an additional 9,497 shares during the last quarter. Institutional investors own 73.15% of the company's stock.

Insider Buying and Selling

In other CAVA Group news, insider Jennifer Somers sold 2,861 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $215,032.76. Following the completion of the sale, the insider directly owned 137,048 shares in the company, valued at $10,300,527.68. The trade was a 2.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brett Schulman sold 31,856 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer owned 792,318 shares of the company's stock, valued at $59,550,620.88. This trade represents a 3.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,951 shares of company stock valued at $5,409,027 over the last ninety days. 12.10% of the stock is owned by insiders.

CAVA Group Stock Performance

Shares of CAVA stock traded up $3.20 during trading hours on Tuesday, reaching $87.48. The company had a trading volume of 863,091 shares, compared to its average volume of 3,223,880. The business has a fifty day moving average price of $84.65 and a 200-day moving average price of $97.32. CAVA Group, Inc. has a one year low of $70.00 and a one year high of $172.43. The firm has a market cap of $10.12 billion, a PE ratio of 72.95, a price-to-earnings-growth ratio of 4.06 and a beta of 2.65.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its earnings results 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 business had revenue of $331.83 million during the quarter, compared to the consensus estimate of $327.98 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The firm's revenue was up 28.1% on a year-over-year basis. Equities research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Bank of America upped their price target on shares of CAVA Group from $112.00 to $121.00 and gave the company a "buy" rating in a report on Monday, May 19th. Citigroup upped their price target on CAVA Group from $114.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. 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. UBS Group decreased their target price on CAVA Group from $125.00 to $112.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price objective on CAVA Group from $115.00 to $95.00 and set an "overweight" rating for the company in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.82.

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.