SeaCrest Wealth Management LLC Purchases Shares of 7,381 CAVA Group, Inc. (NYSE:CAVA)

SeaCrest Wealth Management LLC acquired a new position in CAVA Group, Inc. (NYSE:CAVA) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 7,381 shares of the company’s stock, valued at approximately $914,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jamison Private Wealth Management Inc. acquired a new position in shares of CAVA Group in the 2nd quarter valued at about $28,000. Nemes Rush Group LLC acquired a new position in CAVA Group in the second quarter valued at approximately $28,000. GAMMA Investing LLC lifted 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 acquiring an additional 125 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in CAVA Group in the 2nd quarter worth approximately $36,000. Finally, Headlands Technologies LLC acquired 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 brokerages recently issued reports on CAVA. UBS Group began coverage on shares of CAVA Group in a report on Friday, September 27th. They set a “neutral” rating and a $135.00 price target on the stock. Barclays raised their target price on CAVA Group from $72.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Argus lifted their price target on CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Wedbush increased their price target on CAVA Group from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, TD Cowen boosted their price objective on CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.64.

Insiders Place Their Bets

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

CAVA Group Stock Performance

Shares of CAVA stock opened at $134.16 on Thursday. CAVA Group, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $135.57. The stock’s fifty day moving average is $117.58 and its two-hundred day moving average is $93.06. The firm has a market capitalization of $15.30 billion, a P/E ratio of 327.22 and a beta of 3.33.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. CAVA Group had a net margin of 5.04% and a return on equity of 7.37%. The firm had revenue of $233.50 million for the quarter, compared to the consensus estimate of $219.47 million. During the same period last year, the firm posted $0.21 earnings per share. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. On average, equities analysts forecast that CAVA Group, Inc. will post 0.43 earnings per share 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.