6,188 Shares in CAVA Group, Inc. (NYSE:CAVA) Acquired by Securian Asset Management Inc.

Securian Asset Management Inc. acquired a new position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,188 shares of the company's stock, valued at approximately $535,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in CAVA Group by 20.4% during the fourth quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company's stock worth $903,709,000 after acquiring an additional 1,357,187 shares in the last quarter. Man Group plc raised its holdings 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 in the last quarter. Barclays PLC raised its holdings in CAVA Group by 116.7% during the fourth quarter. Barclays PLC now owns 84,755 shares of the company's stock worth $9,560,000 after acquiring an additional 591,866 shares in the last quarter. Norges Bank bought a new stake in CAVA Group during the fourth quarter worth about $64,538,000. Finally, Canada Pension Plan Investment Board raised its holdings in CAVA Group by 393.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 628,300 shares of the company's stock worth $70,872,000 after acquiring an additional 500,900 shares in the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CAVA has been the topic of several analyst reports. 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 report on Monday, May 19th. Sanford C. Bernstein upgraded CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 target price on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price on CAVA Group from $115.00 to $95.00 and set an "overweight" rating on the stock in a report on Wednesday, June 25th. Wall Street Zen lowered CAVA Group from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Finally, Barclays upped their price objective on CAVA Group from $90.00 to $91.00 and gave the company an "equal weight" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $115.06.

Insider Buying and Selling at CAVA Group

In related news, insider Jennifer Somers sold 2,861 shares of the 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 $215,032.76. Following the sale, the insider owned 137,048 shares of the company's stock, valued at $10,300,527.68. This represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Tricia K. Tolivar sold 4,845 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $75.16, for a total value of $364,150.20. Following the sale, the chief financial officer directly owned 236,345 shares in the company, valued at $17,763,690.20. This represents a 2.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,951 shares of company stock valued at $5,409,027 over the last ninety days. 6.80% of the stock is owned by corporate insiders.

CAVA Group Stock Up 0.8%

Shares of CAVA Group stock traded up $0.72 on Friday, hitting $87.49. The stock had a trading volume of 1,974,861 shares, compared to its average volume of 3,242,600. CAVA Group, Inc. has a twelve month low of $70.00 and a twelve month high of $172.43. The business's 50 day moving average is $83.74 and its two-hundred day moving average is $95.93. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 72.91, a price-to-earnings-growth ratio of 4.19 and a beta of 2.65.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.22 EPS for the quarter, beating 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 the consensus estimate of $327.98 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The firm's revenue for the quarter was up 28.1% on a year-over-year basis. As a group, equities analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal 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.