Universal Beteiligungs und Servicegesellschaft mbH Invests $12.56 Million in CAVA Group, Inc. (NYSE:CAVA)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 111,355 shares of the company's stock, valued at approximately $12,561,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of CAVA Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new position in shares of CAVA Group in the fourth quarter worth about $25,000. Allworth Financial LP raised its position in shares of CAVA Group by 369.2% in the fourth quarter. Allworth Financial LP now owns 244 shares of the company's stock worth $30,000 after acquiring an additional 192 shares during the period. Larson Financial Group LLC raised its position in shares of CAVA Group by 274.0% in the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company's stock worth $31,000 after acquiring an additional 200 shares during the period. Whittier Trust Co. raised its position in shares of CAVA Group by 80.9% in the fourth quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after acquiring an additional 127 shares during the period. Finally, Signaturefd LLC raised its position in shares of CAVA Group by 884.4% in the fourth quarter. Signaturefd LLC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 283 shares during the period. 73.15% of the stock is currently owned by institutional investors and hedge funds.

CAVA Group Price Performance

NYSE CAVA traded down $0.16 during trading hours on Tuesday, hitting $81.09. 3,373,153 shares of the company's stock traded hands, compared to its average volume of 3,107,680. CAVA Group, Inc. has a 52-week low of $70.00 and a 52-week high of $172.43. The company has a market capitalization of $9.38 billion, a PE ratio of 176.28 and a beta of 3.28. The firm's 50-day moving average is $88.25 and its 200-day moving average is $107.08.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The company had revenue of $331.83 million during the quarter, compared to analysts' expectations of $327.98 million. During the same quarter in the prior year, the company earned $0.12 EPS. CAVA Group's revenue was up 28.1% compared to the same quarter last year. Equities research analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CAVA. Sanford C. Bernstein upgraded shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a research report on Wednesday, April 23rd. Piper Sandler upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $142.00 to $115.00 in a research report on Friday, February 28th. Bank of America upped their price objective on shares of CAVA Group from $112.00 to $121.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Robert W. Baird upped their price objective on shares of CAVA Group from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Barclays cut their target price on shares of CAVA Group from $104.00 to $90.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, CAVA Group currently has a consensus rating of "Moderate Buy" and an average target price of $123.00.

Insider Activity at CAVA Group

In other CAVA Group news, insider Kelly Costanza sold 10,243 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $86.63, for a total value of $887,351.09. Following the transaction, the insider now directly owns 125,347 shares in the company, valued at $10,858,810.61. The trade was a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Theodoros Xenohristos sold 9,348 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.88, for a total transaction of $886,938.24. Following the completion of the transaction, the insider now owns 353,271 shares in the company, valued at $33,518,352.48. The trade was a 2.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

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.