50,546 Shares in CAVA Group, Inc. (NYSE:CAVA) Acquired by Trillium Asset Management LLC

Key Points

• Trillium Asset Management LLC purchased 50,546 shares of CAVA Group, valued at around $4.37 million, during the first quarter, indicating strong institutional interest in the stock.
• CAVA Group reported a quarterly earnings of $0.16 per share, surpassing analyst expectations, although revenue came in 20.2% higher year-over-year at $280.62 million.
• Analysts have varying target prices for CAVA, with UBS Group setting a high of $196.00, while JPMorgan Chase & Co. lowered theirs to $95.00, showing a range of market sentiment towards the stock.

Trillium Asset Management LLC bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 50,546 shares of the company's stock, valued at approximately $4,367,000.

A number of other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted 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 buying an additional 266 shares during the period. Vision Financial Markets LLC bought a new position in shares of CAVA Group during the 1st quarter worth approximately $26,000. Versant Capital Management Inc bought a new position in shares of CAVA Group during the 1st quarter worth approximately $31,000. NCP Inc. bought a new position in shares of CAVA Group during the 1st quarter worth approximately $44,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of CAVA Group by 37.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the company's stock worth $46,000 after buying an additional 144 shares during the period. 73.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CAVA Group

In other news, CFO Tricia K. Tolivar sold 4,845 shares of CAVA Group stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $364,150.20. Following the completion of the transaction, the chief financial officer directly owned 236,345 shares in the company, valued at $17,763,690.20. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Somers sold 2,861 shares of CAVA Group stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $215,032.76. Following the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 58,603 shares of company stock valued at $4,522,089. 6.80% of the stock is owned by insiders.

CAVA Group Trading Up 1.2%

CAVA Group stock traded up $0.83 during mid-day trading on Friday, reaching $69.76. The company had a trading volume of 4,820,851 shares, compared to its average volume of 3,860,803. CAVA Group, Inc. has a fifty-two week low of $65.70 and a fifty-two week high of $172.43. The company has a market cap of $8.07 billion, a P/E ratio of 58.62, a P/E/G ratio of 3.58 and a beta of 2.65. The business has a fifty day simple moving average of $83.04 and a 200 day simple moving average of $91.77.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Piper Sandler cut their target price on CAVA Group from $122.00 to $100.00 and set an "overweight" rating for the company in a research report on Wednesday. Robert W. Baird set a $95.00 target price on CAVA Group in a report on Wednesday. Stifel Nicolaus reduced 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. JPMorgan Chase & Co. reduced 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. Finally, KeyCorp set a $85.00 target price on CAVA Group and gave the stock an "overweight" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, CAVA Group has a consensus rating of "Moderate Buy" and an average target price of $100.44.

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.