18,594 Shares in CAVA Group, Inc. (NYSE:CAVA) Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,594 shares of the company’s stock, valued at approximately $2,097,000.

Other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC lifted its position in shares of CAVA Group by 36,658.7% during the fourth 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 in the last quarter. Geode Capital Management LLC increased its stake in 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 buying an additional 669,599 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 373,835 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of CAVA Group by 17.0% in the 3rd quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock worth $273,820,000 after buying an additional 321,800 shares during the last quarter. Finally, State Street Corp grew 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 valued at $156,959,000 after acquiring an additional 316,514 shares in the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CAVA Group

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $76,499.85. Following the sale, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at $1,353,860.76. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brett Schulman sold 20,564 shares of CAVA Group stock in a transaction dated 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 sale, the chief executive officer now owns 776,369 shares of the company’s stock, valued at approximately $92,527,657.42. This trade represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 681,784 shares of company stock valued at $100,756,372. Corporate insiders own 12.10% of the company’s stock.

CAVA Group Stock Performance

Shares of NYSE CAVA opened at $138.30 on Monday. CAVA Group, Inc. has a fifty-two week low of $48.10 and a fifty-two week high of $172.43. The stock has a market cap of $15.85 billion, a PE ratio of 300.65 and a beta of 3.25. The stock has a fifty day moving average of $124.93 and a 200-day moving average of $122.54.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. William Blair reissued an “outperform” rating on shares of CAVA Group in a research report on Wednesday, November 13th. Loop Capital boosted their price target on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Robert W. Baird increased their price target on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Barclays lowered their price objective on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus increased their target price on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus price target 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.