Natixis Purchases New Position in CAVA Group, Inc. (NYSE:CAVA)

Natixis bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 55,323 shares of the company's stock, valued at approximately $6,240,000.

Other institutional investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new stake in shares of CAVA Group during the 4th quarter worth $25,000. Allworth Financial LP grew its position in CAVA Group by 369.2% during the fourth quarter. Allworth Financial LP now owns 244 shares of the company's stock valued at $30,000 after acquiring an additional 192 shares during the period. Larson Financial Group LLC increased its stake in CAVA Group by 274.0% during the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company's stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after purchasing an additional 127 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of CAVA Group by 884.4% during the 4th quarter. Signaturefd LLC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 283 shares during the period. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on CAVA shares. Bank of America began coverage on CAVA Group in a research note on Monday, March 31st. They set a "buy" rating and a $112.00 price objective on the stock. Loop Capital lowered their price objective on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. TD Securities dropped their price objective on shares of CAVA Group from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. William Blair reiterated an "outperform" rating on shares of CAVA Group in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price target for the company in a research note on Thursday, March 20th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $124.19.

CAVA Group Stock Down 0.3 %

Shares of CAVA traded down $0.28 during trading hours on Friday, reaching $90.74. The stock had a trading volume of 1,877,597 shares, compared to its average volume of 3,126,718. The company has a market cap of $10.49 billion, a P/E ratio of 197.26 and a beta of 3.33. The firm has a 50-day moving average of $87.76 and a 200 day moving average of $116.00. CAVA Group, Inc. has a 52 week low of $62.74 and a 52 week high of $172.43.

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

Insider Activity at CAVA Group

In other news, CFO Tricia K. Tolivar sold 1,505 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $187,206.95. Following the completion of the transaction, the chief financial officer now directly owns 234,087 shares in the company, valued at approximately $29,118,081.93. The trade was a 0.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth Robert Bertram sold 678 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $84,336.42. Following the sale, the insider now owns 57,312 shares of the company's stock, valued at approximately $7,129,039.68. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,734 shares of company stock worth $713,252. Company insiders own 12.10% 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.