Valeo Financial Advisors LLC Takes $57.82 Million Position in CAVA Group, Inc. $CAVA

Key Points

• Valeo Financial Advisors LLC acquired approximately $57.82 million worth of shares in CAVA Group, Inc., totaling 686,505 shares and representing about 0.59% ownership as of the latest reporting period.
• Analysts have mixed ratings for CAVA Group with one Strong Buy, ten Buy, and eight Hold ratings, alongside fluctuating price targets ranging from $85.00 to $175.00.
• CAVA Group reported a 20.2% year-over-year revenue increase, posting $280.62 million for the quarter, while earnings topped expectations at $0.16 per share.

Valeo Financial Advisors LLC acquired a new position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 686,505 shares of the company's stock, valued at approximately $57,824,000. Valeo Financial Advisors LLC owned about 0.59% of CAVA Group at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of CAVA Group by 37.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the company's stock worth $46,000 after acquiring an additional 144 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in CAVA Group by 1.9% in the 1st quarter. Miracle Mile Advisors LLC now owns 8,247 shares of the company's stock valued at $713,000 after purchasing an additional 150 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its stake in shares of CAVA Group by 6.2% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 3,166 shares of the company's stock worth $274,000 after purchasing an additional 186 shares during the last quarter. World Investment Advisors grew its holdings in shares of CAVA Group by 6.3% during the first quarter. World Investment Advisors now owns 3,565 shares of the company's stock worth $308,000 after buying an additional 210 shares in the last quarter. Finally, Dearborn Partners LLC raised its position in shares of CAVA Group by 10.4% in the first quarter. Dearborn Partners LLC now owns 2,449 shares of the company's stock valued at $212,000 after buying an additional 230 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Stifel Nicolaus reduced their price target on CAVA Group from $175.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, June 18th. Bank of America decreased their price target on CAVA Group from $121.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. KeyCorp dropped their price objective on shares of CAVA Group from $100.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. Cfra Research upgraded shares of CAVA Group to a "strong-buy" rating in a report on Thursday, August 14th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of CAVA Group in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, CAVA Group presently has an average rating of "Moderate Buy" and an average target price of $96.41.

CAVA Group Trading Up 0.4%

Shares of NYSE CAVA opened at $63.49 on Monday. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 53.36, a price-to-earnings-growth ratio of 3.18 and a beta of 2.50. CAVA Group, Inc. has a twelve month low of $58.33 and a twelve month high of $172.43. The business has a 50 day simple moving average of $70.52 and a 200-day simple moving average of $80.50.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. CAVA Group had a return on equity of 9.83% and a net margin of 12.98%.The firm had revenue of $280.62 million for the quarter, compared to analysts' expectations of $285.65 million. During the same period last year, the business posted $0.17 earnings per share. The firm's revenue for the quarter was up 20.2% 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 year.

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.

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