CAVA Group, Inc. (NYSE:CAVA) Holdings Raised by AFG Fiduciary Services Limited Partnership

AFG Fiduciary Services Limited Partnership increased its stake in CAVA Group, Inc. (NYSE:CAVA) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,175 shares of the company’s stock after buying an additional 385 shares during the quarter. CAVA Group comprises about 0.7% of AFG Fiduciary Services Limited Partnership’s holdings, making the stock its 15th biggest position. AFG Fiduciary Services Limited Partnership’s holdings in CAVA Group were worth $2,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of CAVA. Capital Research Global Investors boosted its holdings in shares of CAVA Group by 21.6% in the first quarter. Capital Research Global Investors now owns 5,311,335 shares of the company’s stock valued at $372,059,000 after acquiring an additional 942,054 shares in the last quarter. Vanguard Group Inc. lifted its position in CAVA Group by 215.7% in the first quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company’s stock worth $346,330,000 after purchasing an additional 3,377,840 shares during the period. Lord Abbett & CO. LLC boosted its stake in CAVA Group by 55.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,373,749 shares of the company’s stock valued at $96,231,000 after purchasing an additional 492,667 shares in the last quarter. Federated Hermes Inc. increased its position in shares of CAVA Group by 9.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,060,029 shares of the company’s stock valued at $98,318,000 after purchasing an additional 93,635 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of CAVA Group by 102.5% in the 2nd quarter. Renaissance Technologies LLC now owns 892,400 shares of the company’s stock worth $82,770,000 after buying an additional 451,800 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Insider Buying and Selling

In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction that occurred on 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 owns 292,600 shares in the company, valued at approximately $36,762,264. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was sold at an average price of $125.64, for a total value of $628,200.00. Following the transaction, the chief financial officer now owns 292,600 shares in the company, valued at $36,762,264. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brett Schulman sold 201,504 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.53, for a total value of $25,294,797.12. Following the sale, the chief executive officer now directly owns 702,590 shares of the company’s stock, valued at $88,196,122.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 304,994 shares of company stock worth $38,310,084. 12.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CAVA has been the subject of several research reports. UBS Group started coverage on CAVA Group in a research note on Friday, September 27th. They set a “neutral” rating and a $135.00 target price for the company. Morgan Stanley cut shares of CAVA Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $90.00 to $110.00 in a research note on Thursday, August 29th. TD Cowen increased their target price on shares of CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Jefferies Financial Group raised their target price on shares of CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Argus increased their price objective on CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, CAVA Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.64.

CAVA Group Stock Down 0.6 %

CAVA opened at $133.96 on Wednesday. The firm has a market capitalization of $15.28 billion, a P/E ratio of 326.73 and a beta of 3.33. The stock has a fifty day moving average of $116.55 and a 200-day moving average of $92.77. CAVA Group, Inc. has a 12-month low of $29.66 and a 12-month high of $135.57.

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