CAVA Group, Inc. (NYSE:CAVA) Stock Holdings Boosted by Conway Capital Management Inc.

Conway Capital Management Inc. lifted its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,325 shares of the company’s stock after purchasing an additional 4,725 shares during the period. CAVA Group accounts for approximately 2.5% of Conway Capital Management Inc.’s portfolio, making the stock its 10th largest position. Conway Capital Management Inc.’s holdings in CAVA Group were worth $5,564,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CAVA. Nemes Rush Group LLC bought a new position in CAVA Group in the second quarter worth $28,000. GAMMA Investing LLC lifted its position in CAVA Group by 68.3% during the 3rd 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. Sunbelt Securities Inc. purchased a new stake in CAVA Group in the third quarter worth about $50,000. Burkett Financial Services LLC bought a new position in shares of CAVA Group during the fourth quarter valued at approximately $56,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of CAVA Group by 98.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 875 shares of the company’s stock valued at $81,000 after purchasing an additional 433 shares during the last quarter. 73.15% of the stock is owned by institutional investors.

CAVA Group Stock Performance

Shares of CAVA Group stock opened at $124.14 on Friday. The company has a fifty day moving average of $126.66 and a 200 day moving average of $118.09. The company has a market capitalization of $14.22 billion, a P/E ratio of 269.87 and a beta of 3.21. CAVA Group, Inc. has a fifty-two week low of $44.80 and a fifty-two week high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $243.82 million during the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The company’s revenue was up 38.9% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS. Analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Brett Schulman sold 20,564 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $2,450,817.52. Following the completion of the sale, the chief executive officer now owns 776,369 shares of the company’s stock, valued at approximately $92,527,657.42. This represents a 2.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald M. Shaich sold 622,549 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $149.40, for a total value of $93,008,820.60. Following the completion of the sale, the director now directly owns 6,307 shares of the company’s stock, valued at $942,265.80. The trade was a 99.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 676,050 shares of company stock valued at $100,043,120 in the last quarter. 12.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CAVA has been the topic of several analyst reports. Citigroup boosted their target price on CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Robert W. Baird raised their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their target price on shares of CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Wedbush raised their price target on shares of CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Sanford C. Bernstein began coverage on CAVA Group in a research report on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

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.