New York State Teachers Retirement System Invests $1.07 Million in CAVA Group, Inc. (NYSE:CAVA)

New York State Teachers Retirement System acquired a new position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,382 shares of the company's stock, valued at approximately $1,070,000.

Several other institutional investors also recently bought and sold shares of CAVA. Vanguard Group Inc. increased its holdings in CAVA Group by 20.4% during the 4th quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company's stock worth $903,709,000 after purchasing an additional 1,357,187 shares during the period. Man Group plc increased its holdings in CAVA Group by 563.7% during the 4th quarter. Man Group plc now owns 935,075 shares of the company's stock worth $105,476,000 after purchasing an additional 794,187 shares during the period. Barclays PLC increased its holdings in CAVA Group by 116.7% during the 4th quarter. Barclays PLC now owns 84,755 shares of the company's stock worth $9,560,000 after purchasing an additional 591,866 shares during the period. Norges Bank purchased a new position in CAVA Group during the 4th quarter worth $64,538,000. Finally, Canada Pension Plan Investment Board increased its holdings in CAVA Group by 393.2% during the 4th quarter. Canada Pension Plan Investment Board now owns 628,300 shares of the company's stock worth $70,872,000 after purchasing an additional 500,900 shares during the period. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CAVA shares. Robert W. Baird increased their target price on CAVA Group from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen cut CAVA Group from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. UBS Group dropped their target price on CAVA Group from $125.00 to $112.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. TD Securities reissued a "buy" rating and issued a $120.00 price objective on shares of CAVA Group in a research report on Friday, May 16th. Finally, Bank of America raised their price objective on CAVA Group from $112.00 to $121.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.82.

Insider Buying and Selling at CAVA Group

In other news, CFO Tricia K. Tolivar sold 4,845 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $364,150.20. Following the transaction, the chief financial officer directly owned 236,345 shares in the company, valued at $17,763,690.20. The trade was a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Theodoros Xenohristos sold 9,348 shares of the business's stock in a transaction that occurred on 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 owned 353,271 shares in the company, valued at approximately $33,518,352.48. This represents a 2.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,951 shares of company stock worth $5,409,027. 6.80% of the stock is owned by company insiders.

CAVA Group Stock Performance

Shares of CAVA Group stock traded up $0.69 on Friday, hitting $92.14. The company's stock had a trading volume of 2,315,406 shares, compared to its average volume of 3,231,327. CAVA Group, Inc. has a 1 year low of $70.00 and a 1 year high of $172.43. The firm has a fifty day moving average price of $84.37 and a 200-day moving average price of $96.55. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 76.78, a price-to-earnings-growth ratio of 4.32 and a beta of 2.65.

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

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.