30,000 Shares in CAVA Group, Inc. (NYSE:CAVA) Bought by Wade G W & Inc.

Wade G W & Inc. bought a new stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 30,000 shares of the company's stock, valued at approximately $1,289,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in CAVA Group by 190.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 870 shares of the company's stock valued at $27,000 after purchasing an additional 570 shares in the last quarter. Montag A & Associates Inc. acquired a new position in shares of CAVA Group during the 4th quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in shares of CAVA Group during the 3rd quarter valued at about $26,000. Clearstead Advisors LLC acquired a new position in shares of CAVA Group during the 3rd quarter valued at about $31,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of CAVA Group by 22.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,610 shares of the company's stock valued at $370,000 after acquiring an additional 1,591 shares during the last quarter. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of CAVA Group from $54.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, February 15th. Barclays started coverage on shares of CAVA Group in a research note on Monday, April 15th. They set an "equal weight" rating and a $58.00 price objective for the company. William Blair reissued an "outperform" rating on shares of CAVA Group in a research report on Tuesday, February 27th. Argus raised shares of CAVA Group from a "hold" rating to a "buy" rating and set a $70.00 target price for the company in a research report on Wednesday, April 10th. Finally, Morgan Stanley increased their target price on shares of CAVA Group from $62.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, CAVA Group presently has an average rating of "Moderate Buy" and a consensus price target of $60.42.

Insider Activity

In related news, Director Theodoros Xenohristos sold 47,239 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $68.29, for a total transaction of $3,225,951.31. Following the transaction, the director now directly owns 526,521 shares in the company, valued at $35,956,119.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CAVA Group news, Director Theodoros Xenohristos sold 47,239 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $68.29, for a total value of $3,225,951.31. Following the sale, the director now directly owns 526,521 shares in the company, valued at $35,956,119.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ronald M. Shaich sold 1,500,000 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $57.20, for a total value of $85,800,000.00. Following the transaction, the insider now directly owns 4,457,634 shares in the company, valued at $254,976,664.80. The disclosure for this sale can be found here. In the last three months, insiders sold 3,547,239 shares of company stock worth $221,525,951.

CAVA Group Stock Down 1.7 %

NYSE:CAVA traded down $1.33 during trading hours on Thursday, hitting $77.30. The stock had a trading volume of 1,474,858 shares, compared to its average volume of 2,236,493. CAVA Group, Inc. has a 1-year low of $29.05 and a 1-year high of $80.33. The business has a 50 day simple moving average of $67.37 and a two-hundred day simple moving average of $51.47.

CAVA Group (NYSE:CAVA - Get Free Report) last released its earnings results on Monday, February 26th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $175.50 million during the quarter, compared to analysts' expectations of $240.03 million. CAVA Group had a return on equity of 4.28% and a net margin of 1.82%. CAVA Group's revenue for the quarter was up 52.6% on a year-over-year basis. As a group, analysts forecast that CAVA Group, Inc. will post 0.25 earnings per share for the current fiscal year.

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.