2,598 Shares in CAVA Group, Inc. (NYSE:CAVA) Acquired by Victrix Investment Advisors

Victrix Investment Advisors bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,598 shares of the company's stock, valued at approximately $293,000.

Several other institutional investors also recently bought and sold shares of CAVA. Ameritas Advisory Services LLC bought a new position in CAVA Group during the fourth quarter valued at about $3,985,000. Artemis Investment Management LLP bought a new position in CAVA Group during the fourth quarter valued at about $15,498,000. Dakota Wealth Management raised its holdings in CAVA Group by 4.9% during the fourth quarter. Dakota Wealth Management now owns 27,130 shares of the company's stock valued at $3,060,000 after buying an additional 1,260 shares in the last quarter. Magnus Financial Group LLC raised its holdings in CAVA Group by 13.4% during the fourth quarter. Magnus Financial Group LLC now owns 5,772 shares of the company's stock valued at $651,000 after buying an additional 681 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in CAVA Group by 65.5% during the fourth quarter. SG Americas Securities LLC now owns 25,427 shares of the company's stock valued at $2,868,000 after buying an additional 10,061 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Kelly Costanza sold 10,243 shares of CAVA Group stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $86.63, for a total transaction of $887,351.09. Following the sale, the insider now directly owns 125,347 shares of the company's stock, valued at approximately $10,858,810.61. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Theodoros Xenohristos sold 9,348 shares of CAVA Group stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.88, for a total value of $886,938.24. Following the sale, the insider now directly 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. Company insiders own 6.80% of the company's stock.

CAVA Group Trading Down 1.1%

CAVA stock traded down $0.94 during trading on Friday, reaching $83.42. 2,854,763 shares of the stock were exchanged, compared to its average volume of 3,213,449. CAVA Group, Inc. has a twelve month low of $70.00 and a twelve month high of $172.43. The company has a market capitalization of $9.65 billion, a P/E ratio of 181.35 and a beta of 3.28. The stock has a 50 day simple moving average of $88.90 and a 200-day simple moving average of $110.30.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CAVA. JPMorgan Chase & Co. upgraded CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 target price on the stock in a report on Thursday, March 20th. Citigroup raised their price target on CAVA Group from $114.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Loop Capital lowered their price target on CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Sanford C. Bernstein raised CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a research report on Wednesday, April 23rd. Finally, William Blair reaffirmed an "outperform" rating on shares of CAVA Group in a research report on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, CAVA Group currently has a consensus rating of "Moderate Buy" and an average price target of $123.00.

About CAVA Group

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.