CAVA Group, Inc. (NYSE:CAVA) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. grew its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 8.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,864 shares of the company’s stock after acquiring an additional 720 shares during the period. Great Valley Advisor Group Inc.’s holdings in CAVA Group were worth $822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CAVA. Raymond James Financial Services Advisors Inc. increased its holdings in 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 worth $370,000 after purchasing an additional 1,591 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of CAVA Group during the fourth quarter worth approximately $273,000. Sentry Investment Management LLC bought a new stake in shares of CAVA Group in the fourth quarter worth $143,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in CAVA Group in the fourth quarter valued at $204,000. Finally, Federated Hermes Inc. boosted its stake in CAVA Group by 25.6% during the 4th quarter. Federated Hermes Inc. now owns 565,054 shares of the company’s stock valued at $24,286,000 after acquiring an additional 115,054 shares during the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

CAVA Group Stock Performance

Shares of CAVA stock traded up $1.19 during mid-day trading on Wednesday, hitting $95.64. 772,352 shares of the stock traded hands, compared to its average volume of 2,567,657. CAVA Group, Inc. has a twelve month low of $29.05 and a twelve month high of $98.69. The company’s 50-day simple moving average is $87.81 and its 200-day simple moving average is $73.19. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 232.00 and a beta of 3.27.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results on Tuesday, May 28th. The company reported $0.12 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 firm had revenue of $259.01 million for the quarter, compared to analysts’ expectations of $246.02 million. CAVA Group’s revenue for the quarter was up 27.5% on a year-over-year basis. Analysts forecast that CAVA Group, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In related news, insider Kenneth Robert Bertram sold 5,250 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $95.28, for a total value of $500,220.00. Following the completion of the transaction, the insider now owns 67,005 shares in the company, valued at approximately $6,384,236.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other CAVA Group news, insider Kenneth Robert Bertram sold 5,250 shares of CAVA Group stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $95.28, for a total transaction of $500,220.00. Following the transaction, the insider now directly owns 67,005 shares in the company, valued at approximately $6,384,236.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Tricia K. Tolivar sold 5,949 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $94.47, for a total value of $562,002.03. Following the completion of the sale, the chief financial officer now owns 297,600 shares of the company’s stock, valued at approximately $28,114,272. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,420,564 shares of company stock worth $124,690,835.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Robert W. Baird boosted their target price on shares of CAVA Group from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. Jefferies Financial Group upped their price objective on CAVA Group from $72.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. JPMorgan Chase & Co. lowered CAVA Group from an “overweight” rating to a “neutral” rating and set a $77.00 target price for the company. in a research report on Monday, June 3rd. Morgan Stanley upped their price target on CAVA Group from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of CAVA Group in a report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, CAVA Group has an average rating of “Moderate Buy” and an average price target of $82.75.

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.