Key Client Fiduciary Advisors LLC Buys 202 Shares of CAVA Group, Inc. (NYSE:CAVA)

Key Client Fiduciary Advisors LLC increased its stake in CAVA Group, Inc. (NYSE:CAVA) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,356 shares of the company’s stock after purchasing an additional 202 shares during the period. Key Client Fiduciary Advisors LLC’s holdings in CAVA Group were worth $604,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CAVA. Geode Capital Management LLC increased its stake in shares of CAVA Group by 121.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,222,834 shares of the company’s stock valued at $151,492,000 after purchasing an additional 669,599 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in CAVA Group by 262.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock valued at $63,918,000 after acquiring an additional 373,835 shares during the last quarter. Two Sigma Advisers LP raised its stake in CAVA Group by 17.0% during the third quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock worth $273,820,000 after acquiring an additional 321,800 shares in the last quarter. State Street Corp lifted its holdings in shares of CAVA Group by 33.3% in the third quarter. State Street Corp now owns 1,267,333 shares of the company’s stock worth $156,959,000 after acquiring an additional 316,514 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in shares of CAVA Group by 233.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 398,991 shares of the company’s stock valued at $49,415,000 after purchasing an additional 279,306 shares in the last quarter. Institutional investors own 73.15% of the company’s stock.

CAVA Group Stock Up 0.6 %

CAVA stock opened at $124.14 on Friday. The company’s fifty day simple moving average is $126.66 and its 200 day simple moving average is $118.09. CAVA Group, Inc. has a 12-month low of $44.80 and a 12-month high of $172.43. The firm has a market cap of $14.22 billion, a price-to-earnings ratio of 269.87 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last announced its earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. Research analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Activity

In related news, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Theodoros Xenohristos sold 851 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $101,422.18. Following the completion of the transaction, the insider now owns 358,995 shares in the company, valued at approximately $42,785,024.10. The trade was a 0.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 676,050 shares of company stock worth $100,043,120 in the last quarter. 12.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CAVA has been the subject of several research reports. Robert W. Baird increased 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. TD Cowen raised their price objective on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Citigroup upped 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. UBS Group cut 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, Morgan Stanley upped their price objective on CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, CAVA Group presently has a consensus rating of “Moderate Buy” and an average price target of $142.13.

About CAVA Group

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.