CAVA Group, Inc. (NYSE:CAVA) Shares Bought by Tsfg LLC

Tsfg LLC increased its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 250.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 770 shares of the company’s stock after buying an additional 550 shares during the period. Tsfg LLC’s holdings in CAVA Group were worth $87,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new position in shares of CAVA Group during the 2nd quarter worth about $28,000. GAMMA Investing LLC boosted its holdings in CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in CAVA Group in the second quarter valued at approximately $36,000. Sunbelt Securities Inc. acquired a new stake in CAVA Group during the third quarter worth approximately $50,000. Finally, Headlands Technologies LLC purchased a new stake in shares of CAVA Group during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CAVA. TD Securities increased their target price on shares of CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Sanford C. Bernstein began coverage on CAVA Group in a report on Wednesday, November 20th. They set a “market perform” rating and a $145.00 price objective on the stock. Citigroup boosted their target price on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. UBS Group dropped their price target on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Piper Sandler increased their price objective on CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.13.

Insider Buying and Selling at CAVA Group

In other news, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $149.40, for a total value of $93,008,820.60. Following the completion of the transaction, the director now owns 6,307 shares in the company, valued at $942,265.80. This trade represents a 99.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the sale, the director now directly owns 1,307 shares in the company, valued at approximately $185,894.61. This represents a 91.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 652,549 shares of company stock valued at $97,242,271. 12.10% of the stock is owned by company insiders.

CAVA Group Stock Down 3.7 %

Shares of NYSE:CAVA opened at $110.90 on Tuesday. CAVA Group, Inc. has a fifty-two week low of $42.65 and a fifty-two week high of $172.43. The firm’s 50-day simple moving average is $130.16 and its 200-day simple moving average is $117.10. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 241.09 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last released its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $243.82 million for the quarter, compared to analysts’ expectations of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. On average, research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

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.