CAVA Group, Inc. (NYSE:CAVA) Shares Acquired by Verde Capital Management

Verde Capital Management lifted its position in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 41.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,358 shares of the company's stock after purchasing an additional 6,289 shares during the period. Verde Capital Management's holdings in CAVA Group were worth $1,846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CAVA. Arcadia Investment Management Corp MI bought a new position in shares of CAVA Group during the fourth quarter valued at approximately $25,000. Allworth Financial LP raised its position in shares of CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company's stock worth $30,000 after acquiring an additional 192 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company's stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Versant Capital Management Inc bought a new stake in CAVA Group during the first quarter valued at about $31,000. Finally, Whittier Trust Co. boosted its position in CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 73.15% of the company's stock.

CAVA Group Price Performance

CAVA stock traded down $0.01 during mid-day trading on Monday, reaching $81.26. 2,795,572 shares of the company's stock were exchanged, compared to its average volume of 3,113,521. CAVA Group, Inc. has a 12-month low of $70.00 and a 12-month high of $172.43. The stock's 50 day moving average is $88.40 and its 200 day moving average is $107.27. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 176.65 and a beta of 3.28.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CAVA shares. Sanford C. Bernstein raised shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a research report on Wednesday, April 23rd. TD Securities reaffirmed a "buy" rating and issued a $120.00 price target on shares of CAVA Group in a report on Friday, May 16th. UBS Group decreased their price objective on CAVA Group from $125.00 to $112.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Loop Capital dropped their target price on CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Finally, Citigroup increased their price target on CAVA Group from $114.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $123.00.

Insider Buying and Selling

In other news, 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 transaction, the insider now owns 353,271 shares of the company's stock, valued at approximately $33,518,352.48. The trade was a 2.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $887,351.09. Following the transaction, the insider now directly owns 125,347 shares in the company, valued at approximately $10,858,810.61. The trade was a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

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.