Jefferies Financial Group Inc. Has $1.22 Million Position in CAVA Group, Inc. (NYSE:CAVA)

Jefferies Financial Group Inc. raised its holdings in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 84.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,795 shares of the company's stock after acquiring an additional 4,946 shares during the quarter. Jefferies Financial Group Inc.'s holdings in CAVA Group were worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Liberty Square Wealth Partners LLC bought a new position in shares of CAVA Group during the 4th quarter worth approximately $203,000. Forum Financial Management LP bought a new position in shares of CAVA Group during the 4th quarter worth approximately $230,000. Public Employees Retirement System of Ohio grew its stake in shares of CAVA Group by 1.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 27,763 shares of the company's stock worth $3,132,000 after acquiring an additional 362 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new position in shares of CAVA Group during the 4th quarter worth approximately $222,000. Finally, Castleark Management LLC bought a new position in shares of CAVA Group during the 4th quarter worth approximately $4,902,000. 73.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CAVA has been the subject of several analyst reports. UBS Group decreased their target price on shares of CAVA Group from $125.00 to $112.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Barclays decreased their target price on shares of CAVA Group from $104.00 to $90.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. William Blair reissued an "outperform" rating on shares of CAVA Group in a research note on Wednesday, February 26th. Sanford C. Bernstein raised shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a research note on Wednesday, April 23rd. Finally, Loop Capital decreased their target price on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, CAVA Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.00.

CAVA Group Stock Down 0.0%

Shares of CAVA traded down $0.01 during midday trading on Monday, reaching $81.26. 2,795,572 shares of the stock were exchanged, compared to its average volume of 3,113,553. CAVA Group, Inc. has a twelve month low of $70.00 and a twelve month high of $172.43. The company has a market cap of $9.40 billion, a P/E ratio of 176.65 and a beta of 3.28. The stock's 50 day simple moving average is $88.40 and its 200 day simple moving average is $107.27.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $331.83 million during the quarter, compared to the consensus estimate of $327.98 million. During the same quarter last year, the firm earned $0.12 earnings per share. The company's revenue was up 28.1% on a year-over-year basis. As a group, analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Activity at CAVA Group

In other CAVA Group news, insider Kelly Costanza sold 10,243 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $86.63, for a total transaction of $887,351.09. Following the completion of the transaction, the insider now owns 125,347 shares of the company's stock, valued at approximately $10,858,810.61. The trade was a 7.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Theodoros Xenohristos sold 9,348 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.88, for a total value of $886,938.24. Following the transaction, the insider now directly owns 353,271 shares of the company's stock, valued at approximately $33,518,352.48. The trade was a 2.58% decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by 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.