Sentry Investment Management LLC Has $387,000 Stake in CAVA Group, Inc. (NYSE:CAVA)

Sentry Investment Management LLC increased its stake in CAVA Group, Inc. (NYSE:CAVA) by 25.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,168 shares of the company’s stock after purchasing an additional 846 shares during the quarter. Sentry Investment Management LLC’s holdings in CAVA Group were worth $387,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CAVA. Jamison Private Wealth Management Inc. bought a new position in shares of CAVA Group in the second quarter valued at approximately $28,000. CWM LLC raised its holdings in CAVA Group by 101.2% in the 1st quarter. CWM LLC now owns 505 shares of the company’s stock worth $35,000 after acquiring an additional 254 shares during the period. Headlands Technologies LLC acquired a new position in CAVA Group during the 2nd quarter worth $37,000. Mather Group LLC. bought a new stake in CAVA Group during the second quarter valued at about $45,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of CAVA Group in the second quarter valued at about $46,000. Institutional investors own 73.15% of the company’s stock.

Insider Buying and Selling

In other CAVA Group news, Director Karen Kochevar sold 20,972 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $93.60, for a total value of $1,962,979.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other CAVA Group news, Director Karen Kochevar sold 20,972 shares of CAVA Group stock in a transaction on Monday, June 17th. The stock was sold at an average price of $93.60, for a total value of $1,962,979.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tricia K. Tolivar sold 5,949 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $94.47, for a total value of $562,002.03. Following the sale, the chief financial officer now owns 297,600 shares in the company, valued at approximately $28,114,272. The disclosure for this sale can be found here. Insiders sold 493,579 shares of company stock worth $55,510,751 in the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on CAVA Group from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Wedbush increased their price objective on CAVA Group from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Robert W. Baird raised their price objective on shares of CAVA Group from $105.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Citigroup increased their price target on shares of CAVA Group from $93.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Finally, Loop Capital boosted their price objective on shares of CAVA Group from $80.00 to $122.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.58.

CAVA Group Trading Up 1.3 %

CAVA stock opened at $121.29 on Thursday. CAVA Group, Inc. has a 1-year low of $29.05 and a 1-year high of $128.18. The business’s 50 day moving average is $95.47 and its 200-day moving average is $81.57. The firm has a market cap of $13.83 billion, a P/E ratio of 295.83 and a beta of 3.32.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $219.47 million. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. Sell-side analysts forecast that CAVA Group, Inc. will post 0.43 EPS for the current year.

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.