3,742 Shares in CAVA Group, Inc. (NYSE:CAVA) Acquired by Diversified Trust Co

Diversified Trust Co bought a new position in CAVA Group, Inc. (NYSE:CAVA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,742 shares of the company's stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAVA. Perpetual Ltd purchased a new stake in CAVA Group during the 1st quarter valued at about $218,000. Golden State Wealth Management LLC grew its stake in CAVA Group by 101.9% during the 1st quarter. Golden State Wealth Management LLC now owns 848 shares of the company's stock valued at $73,000 after purchasing an additional 428 shares during the last quarter. Spire Wealth Management grew its stake in CAVA Group by 7.6% during the 1st quarter. Spire Wealth Management now owns 10,028 shares of the company's stock valued at $867,000 after purchasing an additional 706 shares during the last quarter. S.A. Mason LLC grew its stake in CAVA Group by 36.7% during the 1st quarter. S.A. Mason LLC now owns 5,224 shares of the company's stock valued at $451,000 after purchasing an additional 1,403 shares during the last quarter. Finally, Econ Financial Services Corp purchased a new stake in CAVA Group during the 1st quarter valued at about $658,000. Hedge funds and other institutional investors own 73.15% of the company's stock.

Wall Street Analysts Forecast Growth

CAVA has been the topic of a number of recent research reports. Wall Street Zen downgraded CAVA Group from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. UBS Group lowered their target price on CAVA Group from $125.00 to $112.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Stifel Nicolaus lowered their target price on CAVA Group from $175.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, June 18th. Bank of America upped their target price on CAVA Group from $112.00 to $121.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Citigroup upped their target price on CAVA Group from $114.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $117.82.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 9,348 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.88, for a total transaction of $886,938.24. Following the completion of the transaction, the insider owned 353,271 shares of the company's stock, valued at $33,518,352.48. This represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brett Schulman sold 31,856 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $75.16, for a total value of $2,394,296.96. Following the completion of the sale, the chief executive officer directly owned 792,318 shares of the company's stock, valued at approximately $59,550,620.88. This represents a 3.87% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,951 shares of company stock valued at $5,409,027. 6.80% of the stock is owned by insiders.

CAVA Group Stock Up 5.1%

Shares of CAVA Group stock traded up $4.23 during mid-day trading on Friday, reaching $86.94. 4,952,461 shares of the stock traded hands, compared to its average volume of 3,227,266. The business has a 50-day moving average of $84.82 and a 200 day moving average of $97.70. CAVA Group, Inc. has a fifty-two week low of $70.00 and a fifty-two week high of $172.43. The stock has a market capitalization of $10.06 billion, a PE ratio of 72.45, a PEG ratio of 4.06 and a beta of 2.65.

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

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.