Interval Partners LP Purchases Shares of 25,000 CAVA Group, Inc. (NYSE:CAVA)

Interval Partners LP bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 25,000 shares of the company's stock, valued at approximately $2,820,000.

Other institutional investors have also recently modified their holdings of the company. Utah Retirement Systems grew its stake in CAVA Group by 2.5% during the 4th quarter. Utah Retirement Systems now owns 4,100 shares of the company's stock valued at $462,000 after acquiring an additional 100 shares in the last quarter. Howard Financial Services LTD. lifted its stake in CAVA Group by 1.8% in the 4th quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock worth $699,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC grew its position in shares of CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company's stock valued at $48,000 after purchasing an additional 114 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of CAVA Group by 80.9% in 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 during the last quarter. Finally, Mainstream Capital Management LLC lifted its position in CAVA Group by 0.7% during the fourth quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company's stock worth $2,003,000 after buying an additional 132 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other CAVA Group news, insider Theodoros Xenohristos sold 9,348 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.88, for a total value of $886,938.24. Following the sale, the insider now owns 353,271 shares of the company's stock, valued at $33,518,352.48. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 6.80% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on CAVA shares. Barclays dropped their target price on CAVA Group from $104.00 to $90.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Bank of America assumed coverage on shares of CAVA Group in a report on Monday, March 31st. They issued a "buy" rating and a $112.00 price objective for the company. Loop Capital reduced their target price on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. William Blair reissued an "outperform" rating on shares of CAVA Group in a research note on Wednesday, February 26th. Finally, Piper Sandler raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $142.00 to $115.00 in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.38.

CAVA Group Stock Down 0.3%

NYSE:CAVA traded down $0.33 during trading hours on Thursday, reaching $99.21. 4,993,647 shares of the stock were exchanged, compared to its average volume of 3,124,371. CAVA Group, Inc. has a twelve month low of $70.00 and a twelve month high of $172.43. The business has a 50-day moving average of $87.35 and a two-hundred day moving average of $112.46. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 215.67 and a beta of 3.28.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.07. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. On average, research analysts forecast 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.