Universal Beteiligungs und Servicegesellschaft mbH Has $6.18 Million Stock Position in CAVA Group, Inc. (NYSE:CAVA)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH sold 39,791 shares of CAVA Group, reducing its ownership by 35.7%, now holding 71,564 shares valued at approximately $6.18 million.
• Several large investors, including Jennison Associates LLC and Vanguard Group Inc., significantly increased their positions in CAVA Group during the first and fourth quarters of the year.
• A recent analyst downgrade from Wall Street Zen categorized CAVA Group shares as a "sell," while other analysts have set target prices between $107.00 and $120.00, indicating a mixed outlook.

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 35.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,564 shares of the company's stock after selling 39,791 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of CAVA Group worth $6,184,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of CAVA Group by 17,386.7% in the 1st quarter. GAMMA Investing LLC now owns 73,794 shares of the company's stock worth $6,377,000 after purchasing an additional 73,372 shares during the last quarter. SG Americas Securities LLC raised its position in CAVA Group by 768.4% in the 1st quarter. SG Americas Securities LLC now owns 220,816 shares of the company's stock valued at $19,081,000 after purchasing an additional 195,389 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of CAVA Group in the first quarter valued at about $257,000. Yousif Capital Management LLC bought a new stake in CAVA Group during the 1st quarter worth about $2,429,000. Finally, Golden State Wealth Management LLC raised its stake in shares of CAVA Group by 101.9% in the first quarter. Golden State Wealth Management LLC now owns 848 shares of the company's stock worth $73,000 after acquiring an additional 428 shares during the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CAVA shares. JPMorgan Chase & Co. lowered their target price on CAVA Group from $115.00 to $95.00 and set an "overweight" rating for the company in a research note on Wednesday, June 25th. Barclays lifted their price target on shares of CAVA Group from $90.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Wall Street Zen cut shares of CAVA Group from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. KeyCorp initiated coverage on CAVA Group in a report on Wednesday, July 2nd. They issued an "overweight" rating and a $100.00 price objective for the company. Finally, Melius assumed coverage on shares of CAVA Group in a research note on Monday, July 14th. They issued a "hold" rating and a $95.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $115.06.

Insiders Place Their Bets

In other news, CEO Brett Schulman sold 31,856 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 $2,394,296.96. Following the completion of the sale, the chief executive officer owned 792,318 shares in the company, valued at $59,550,620.88. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jennifer Somers sold 2,861 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $75.16, for a total value of $215,032.76. Following the completion of the sale, the insider owned 137,048 shares of the company's stock, valued at $10,300,527.68. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,951 shares of company stock worth $5,409,027 in the last 90 days. Corporate insiders own 12.10% of the company's stock.

CAVA Group Price Performance

NYSE CAVA traded up $0.03 on Monday, hitting $88.05. 2,371,152 shares of the stock were exchanged, compared to its average volume of 3,510,523. The company has a market capitalization of $10.18 billion, a PE ratio of 73.38, a P/E/G ratio of 4.39 and a beta of 2.65. The business's fifty day moving average is $82.74 and its 200 day moving average is $94.76. CAVA Group, Inc. has a 52 week low of $70.00 and a 52 week high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.22 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 during the quarter, compared to the consensus estimate of $327.98 million. During the same period in the previous year, the company posted $0.12 EPS. The firm's revenue for the quarter was up 28.1% compared to the same quarter last year. Analysts predict that CAVA Group, Inc. will post 0.5 EPS 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.