Whipplewood Advisors LLC Acquires Shares of 449 CAVA Group, Inc. (NYSE:CAVA)

Whipplewood Advisors LLC acquired a new stake in CAVA Group, Inc. (NYSE:CAVA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 449 shares of the company’s stock, valued at approximately $51,000.

Other institutional investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new position in CAVA Group in the 4th quarter valued at $25,000. Allworth Financial LP increased its stake in CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock valued at $30,000 after buying an additional 192 shares during the period. Golden State Wealth Management LLC acquired a new position in CAVA Group in the 4th quarter valued at $47,000. GAMMA Investing LLC increased its stake in CAVA Group by 37.0% in the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after buying an additional 114 shares during the period. Finally, R Squared Ltd acquired a new position in shares of CAVA Group during the 4th quarter worth $49,000. 73.15% of the stock is owned by institutional investors and hedge funds.

CAVA Group Trading Up 5.4 %

CAVA Group stock opened at $94.98 on Friday. The stock has a market cap of $10.88 billion, a PE ratio of 206.47 and a beta of 3.25. The stock has a 50-day moving average price of $121.21 and a 200 day moving average price of $125.53. CAVA Group, Inc. has a 52 week low of $56.03 and a 52 week high of $172.43.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. On average, equities analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Buying and Selling

In related news, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the completion of the sale, the director now owns 6,307 shares in the company, valued at approximately $942,265.80. This trade represents a 99.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kenneth Robert Bertram sold 678 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 $84,336.42. Following the completion of the sale, the insider now directly owns 57,312 shares in the company, valued at approximately $7,129,039.68. The trade was a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 651,784 shares of company stock worth $96,522,922. 12.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. William Blair reiterated an “outperform” rating on shares of CAVA Group in a research note on Wednesday. UBS Group reduced their price target on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Piper Sandler upgraded CAVA Group from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $142.00 to $115.00 in a report on Friday. Robert W. Baird lifted their price objective on CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus upped their target price on CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.47.

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.