Jefferies Financial Group Inc. Has $1.22 Million Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Jefferies Financial Group Inc. grew its holdings in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 84.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,795 shares of the company's stock after buying an additional 4,946 shares during the quarter. Jefferies Financial Group Inc.'s holdings in CAVA Group were worth $1,218,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of CAVA Group by 20.4% during the fourth quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company's stock valued at $903,709,000 after buying an additional 1,357,187 shares during the last quarter. FMR LLC grew its holdings in shares of CAVA Group by 14.1% during the fourth quarter. FMR LLC now owns 3,976,353 shares of the company's stock valued at $448,533,000 after buying an additional 491,320 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of CAVA Group by 36,658.7% during the fourth quarter. Jennison Associates LLC now owns 2,461,732 shares of the company's stock valued at $277,683,000 after buying an additional 2,455,035 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of CAVA Group by 33.0% during the fourth quarter. Federated Hermes Inc. now owns 1,464,987 shares of the company's stock valued at $165,243,000 after buying an additional 363,814 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in shares of CAVA Group by 2.3% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,389,327 shares of the company's stock valued at $156,716,000 after buying an additional 31,077 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Theodoros Xenohristos sold 9,348 shares of the business's 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 owns 353,271 shares of the company's stock, valued at $33,518,352.48. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.80% of the company's stock.

CAVA Group Stock Down 0.3%

CAVA opened at $99.45 on Thursday. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 216.20 and a beta of 3.28. CAVA Group, Inc. has a twelve month low of $70.00 and a twelve month high of $172.43. The company's 50-day moving average price is $87.35 and its two-hundred day moving average price is $112.46.

CAVA Group (NYSE:CAVA - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The company had revenue of $227.40 million during the quarter, compared to analysts' expectations of $223.34 million. As a group, sell-side analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Loop Capital reduced their price objective on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Piper Sandler upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $142.00 to $115.00 in a report on Friday, February 28th. UBS Group cut their price target on shares of CAVA Group from $125.00 to $112.00 and set a "neutral" rating on the stock in a report on Tuesday. Sanford C. Bernstein upgraded shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price target on the stock in a report on Thursday, March 20th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $123.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.