Natural Investments LLC Makes New $499,000 Investment in CAVA Group, Inc. (NYSE:CAVA)

Key Points

• Natural Investments LLC acquired a new stake in CAVA Group, Inc., purchasing 5,783 shares valued at approximately $499,000 during the 1st quarter.
• Analysts' outlook on CAVA has varied significantly, with UBS reducing their price target from $112.00 to $96.00 while Bank of America raised their target from $112.00 to $121.00, reflecting a mix of ratings from sell to strong buy.
• Insider selling activity was noted, with key figures like Kelly Costanza selling over 10,000 shares, corresponding to a 7.55% ownership decrease, indicating potential concerns about the stock's future performance.

Natural Investments LLC bought a new stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 5,783 shares of the company's stock, valued at approximately $499,000.

Several other large investors have also recently made changes to their positions in the company. Jennison Associates LLC raised its position in CAVA Group by 246.1% during the first quarter. Jennison Associates LLC now owns 8,519,459 shares of the company's stock worth $736,166,000 after acquiring an additional 6,057,727 shares during the period. FMR LLC raised its position in CAVA Group by 14.1% during the fourth quarter. FMR LLC now owns 3,976,353 shares of the company's stock worth $448,533,000 after acquiring an additional 491,320 shares during the period. Lord Abbett & CO. LLC raised its position in CAVA Group by 2.3% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,389,327 shares of the company's stock worth $156,716,000 after acquiring an additional 31,077 shares during the period. Geode Capital Management LLC raised its position in CAVA Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,243,954 shares of the company's stock worth $140,583,000 after acquiring an additional 21,120 shares during the period. Finally, Man Group plc raised its position in CAVA Group by 563.7% during the fourth quarter. Man Group plc now owns 935,075 shares of the company's stock worth $105,476,000 after acquiring an additional 794,187 shares during the period. 73.15% of the stock is currently owned by institutional investors and hedge funds.

CAVA Group Stock Down 4.3%

CAVA stock traded down $3.79 during mid-day trading on Friday, hitting $85.11. 4,082,840 shares of the company were exchanged, compared to its average volume of 3,109,148. The firm has a market capitalization of $9.84 billion, a P/E ratio of 70.93, a PEG ratio of 4.24 and a beta of 2.65. The business has a fifty day simple moving average of $83.36 and a 200-day simple moving average of $92.86. CAVA Group, Inc. has a 12-month low of $70.00 and a 12-month high of $172.43.

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

Insider Activity at CAVA Group

In other news, insider Theodoros Xenohristos sold 3,062 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $230,139.92. Following the sale, the insider owned 350,209 shares of the company's stock, valued at approximately $26,321,708.44. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kelly Costanza sold 10,243 shares of the 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 sale, the insider directly owned 125,347 shares in the company, valued at $10,858,810.61. This represents a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,603 shares of company stock valued at $4,522,089 over the last quarter. 6.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of CAVA Group from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. TD Securities reiterated a "buy" rating and issued a $120.00 target price on shares of CAVA Group in a research report on Friday, May 16th. KeyCorp assumed coverage on shares of CAVA Group in a research report on Wednesday, July 2nd. They issued an "overweight" rating and a $100.00 target price for the company. Citigroup increased their target price on shares of CAVA Group from $114.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Barclays increased their target price on shares of CAVA Group from $90.00 to $91.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $119.72.

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.