Rakuten Securities Inc. Has $153,000 Stock Position in CAVA Group, Inc. (NYSE:CAVA)

Rakuten Securities Inc. lifted its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 235.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,234 shares of the company’s stock after acquiring an additional 866 shares during the quarter. Rakuten Securities Inc.’s holdings in CAVA Group were worth $153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. acquired a new position in CAVA Group in the 2nd quarter worth about $28,000. Nemes Rush Group LLC bought a new position in CAVA Group in the second quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC bought a new position in CAVA Group in the second quarter worth approximately $36,000. Headlands Technologies LLC purchased a new stake in shares of CAVA Group in the second quarter worth approximately $37,000. Finally, GAMMA Investing LLC raised its stake in shares of CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 125 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.64, for a total value of $628,200.00. Following the transaction, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at approximately $36,762,264. The trade was a 0.00 % 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 the SEC website. In other news, CFO Tricia K. Tolivar sold 5,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.64, for a total transaction of $628,200.00. Following the sale, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at $36,762,264. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theodoros Xenohristos sold 98,490 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the sale, the director now directly owns 424,846 shares in the company, valued at $53,432,881.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 304,994 shares of company stock valued at $38,310,084. 12.10% of the stock is currently owned by insiders.

CAVA Group Stock Performance

CAVA Group stock opened at $147.86 on Tuesday. The company has a 50 day moving average price of $128.75 and a 200-day moving average price of $102.06. CAVA Group, Inc. has a fifty-two week low of $30.00 and a fifty-two week high of $151.56. The company has a market capitalization of $16.90 billion, a PE ratio of 399.62 and a beta of 3.23.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $233.50 million during the quarter, compared to the consensus estimate of $219.47 million. CAVA Group had a net margin of 5.04% and a return on equity of 7.37%. CAVA Group’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 earnings per share. On average, analysts forecast that CAVA Group, Inc. will post 0.44 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on CAVA shares. JPMorgan Chase & Co. raised their target price on CAVA Group from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Argus lifted their price objective on CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Robert W. Baird lifted their price objective on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. TD Cowen lifted their price target on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Stifel Nicolaus lifted their price target on CAVA Group from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 19th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.36.

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.