Fairfield Financial Advisors LTD Buys Shares of 682 CAVA Group, Inc. (NYSE:CAVA)

Fairfield Financial Advisors LTD bought a new stake in CAVA Group, Inc. (NYSE:CAVA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 682 shares of the company’s stock, valued at approximately $77,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CAVA. Jennison Associates LLC grew its holdings in shares of CAVA Group by 36,658.7% during the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock valued at $277,683,000 after purchasing an additional 2,455,035 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CAVA Group by 121.0% during 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. Raymond James Financial Inc. bought a new stake in CAVA Group during the 4th quarter worth approximately $59,516,000. Charles Schwab Investment Management Inc. grew its holdings in CAVA Group by 262.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock worth $63,918,000 after acquiring an additional 373,835 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in CAVA Group by 17.0% during the 3rd 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 during the last quarter. 73.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CAVA shares. Stifel Nicolaus boosted their target price on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. TD Cowen boosted their target price on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. UBS Group reduced their target price on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley boosted their price target on shares of CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Finally, Wedbush restated an “outperform” rating and issued a $150.00 price target on shares of CAVA Group in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.47.

CAVA Group Stock Up 1.9 %

CAVA Group stock opened at $84.25 on Friday. CAVA Group, Inc. has a 12-month low of $58.22 and a 12-month high of $172.43. The firm’s fifty day moving average is $117.56 and its 200 day moving average is $125.15. The company has a market capitalization of $9.74 billion, a PE ratio of 183.15 and a beta of 3.58.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business had revenue of $227.40 million for the quarter, compared to analyst estimates of $223.34 million. Sell-side analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at CAVA Group

In other news, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction dated Monday, December 9th. The shares were 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 owns 6,307 shares in the company, valued at $942,265.80. This represents a 99.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $101,422.18. Following the completion of the sale, the insider now owns 358,995 shares of the company’s stock, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 651,784 shares of company stock valued at $96,522,922. Corporate insiders own 12.10% of the company’s stock.

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.