25,279 Shares in CAVA Group, Inc. (NYSE:CAVA) Acquired by Fox Hill Wealth Management

Fox Hill Wealth Management bought a new position in CAVA Group, Inc. (NYSE:CAVA) in the first quarter, according to its most recent filing with the SEC. The firm bought 25,279 shares of the company’s stock, valued at approximately $1,771,000. CAVA Group makes up 1.2% of Fox Hill Wealth Management’s investment portfolio, making the stock its 26th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Montag A & Associates Inc. acquired a new stake in CAVA Group during the 4th quarter valued at approximately $26,000. PNC Financial Services Group Inc. lifted its stake in CAVA Group by 190.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 870 shares of the company’s stock valued at $27,000 after acquiring an additional 570 shares during the period. CWM LLC increased its holdings in shares of CAVA Group by 101.2% during the 1st quarter. CWM LLC now owns 505 shares of the company’s stock valued at $35,000 after purchasing an additional 254 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in shares of CAVA Group by 197.6% during the 1st quarter. Toth Financial Advisory Corp now owns 1,506 shares of the company’s stock valued at $105,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Glassman Wealth Services increased its holdings in shares of CAVA Group by 314.6% during the 4th quarter. Glassman Wealth Services now owns 2,761 shares of the company’s stock valued at $119,000 after purchasing an additional 2,095 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

CAVA Group Trading Up 1.3 %

CAVA traded up $1.18 on Friday, hitting $92.75. 5,194,704 shares of the company’s stock were exchanged, compared to its average volume of 3,128,698. CAVA Group, Inc. has a fifty-two week low of $29.05 and a fifty-two week high of $97.64. The firm has a 50-day moving average price of $81.72 and a 200-day moving average price of $63.42. The stock has a market cap of $10.58 billion and a price-to-earnings ratio of 226.23.

CAVA Group (NYSE:CAVA) last announced its earnings results on Tuesday, May 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.08. CAVA Group had a net margin of 3.75% and a return on equity of 5.18%. The company had revenue of $259.01 million for the quarter, compared to analysts’ expectations of $246.02 million. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. On average, equities analysts predict that CAVA Group, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CAVA. Barclays lifted their target price on shares of CAVA Group from $58.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Jefferies Financial Group lifted their target price on shares of CAVA Group from $72.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. lowered shares of CAVA Group from an “overweight” rating to a “neutral” rating and set a $77.00 target price for the company. in a report on Monday, June 3rd. Robert W. Baird lifted their target price on shares of CAVA Group from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, May 29th. Finally, Morgan Stanley lifted their target price on shares of CAVA Group from $68.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, CAVA Group has a consensus rating of “Moderate Buy” and an average target price of $81.50.

Insiders Place Their Bets

In other CAVA Group news, Director Ronald M. Shaich sold 1,231,979 shares of CAVA Group stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $87.25, for a total transaction of $107,490,167.75. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $436,250. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Brett Schulman sold 66,414 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $90.11, for a total transaction of $5,984,565.54. Following the transaction, the chief executive officer now owns 904,094 shares of the company’s stock, valued at approximately $81,467,910.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ronald M. Shaich sold 1,231,979 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $87.25, for a total transaction of $107,490,167.75. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $436,250. The disclosure for this sale can be found here. Insiders have sold a total of 1,414,615 shares of company stock valued at $124,128,832 in the last 90 days.

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.