Leibman Financial Services Inc. Takes $1.03 Million Position in CAVA Group, Inc. $CAVA

Key Points

• Leibman Financial Services Inc. has invested approximately $1.03 million in CAVA Group, purchasing 12,229 shares during the second quarter.
• Several large investors, including Vanguard Group Inc. and Jennison Associates LLC, have significantly increased their holdings in CAVA Group, indicating strong institutional interest.
• CAVA Group reported a net margin of 12.98% and a quarterly revenue of $280.62 million, reflecting a 20.2% year-over-year increase, despite slightly missing analyst revenue estimates.

Leibman Financial Services Inc. bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,229 shares of the company's stock, valued at approximately $1,030,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. raised its position in shares of CAVA Group by 1,400.0% during the 1st quarter. First Horizon Advisors Inc. now owns 285 shares of the company's stock worth $25,000 after acquiring an additional 266 shares in the last quarter. Vision Financial Markets LLC acquired a new position in CAVA Group during the first quarter worth approximately $26,000. Dagco Inc. acquired a new position in CAVA Group during the first quarter worth approximately $27,000. Versant Capital Management Inc purchased a new position in shares of CAVA Group in the 1st quarter valued at approximately $31,000. Finally, Brooklyn Investment Group grew its stake in shares of CAVA Group by 168.0% in the 1st quarter. Brooklyn Investment Group now owns 402 shares of the company's stock valued at $35,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company's stock.

CAVA Group Price Performance

Shares of NYSE CAVA traded up $0.09 during mid-day trading on Friday, hitting $63.65. The company had a trading volume of 6,602,224 shares, compared to its average volume of 3,470,031. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 53.49, a PEG ratio of 3.18 and a beta of 2.61. CAVA Group, Inc. has a 12 month low of $61.90 and a 12 month high of $172.43. The firm's 50 day simple moving average is $75.69 and its two-hundred day simple moving average is $81.71.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $280.62 million for the quarter, compared to the consensus estimate of $285.65 million. CAVA Group had a return on equity of 9.83% and a net margin of 12.98%.The business's revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. Equities analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CAVA has been the topic of several analyst reports. Citigroup lowered their target price on CAVA Group from $102.00 to $88.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. TD Cowen decreased their price target on CAVA Group from $120.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Sanford C. Bernstein set a $74.00 target price on CAVA Group in a research report on Wednesday, August 13th. Piper Sandler lowered their target price on CAVA Group from $122.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, August 13th. Finally, 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 report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, CAVA Group has an average rating of "Moderate Buy" and an average price target of $96.41.

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.