9,467 Shares in CAVA Group, Inc. (NYSE:CAVA) Purchased by Miller Financial Services LLC

Miller Financial Services LLC acquired a new position in CAVA Group, Inc. (NYSE:CAVA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,467 shares of the company’s stock, valued at approximately $1,068,000. CAVA Group accounts for about 0.9% of Miller Financial Services LLC’s portfolio, making the stock its 29th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Nwam LLC lifted its position in shares of CAVA Group by 2.6% during the third quarter. Nwam LLC now owns 3,368 shares of the company’s stock valued at $417,000 after buying an additional 85 shares during the last quarter. Howard Financial Services LTD. lifted its position in shares of CAVA Group by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock valued at $699,000 after buying an additional 109 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of CAVA Group by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after buying an additional 110 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of CAVA Group by 37.0% during the fourth 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 last quarter. Finally, Mainstream Capital Management LLC lifted its position in shares of CAVA Group by 0.7% during the fourth quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company’s stock valued at $2,003,000 after buying an additional 132 shares during the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CAVA Group news, CFO Tricia K. Tolivar sold 2,086 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $248,609.48. Following the sale, the chief financial officer now owns 235,592 shares in the company, valued at approximately $28,077,854.56. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brett Schulman sold 20,564 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 776,369 shares in the company, valued at $92,527,657.42. This trade represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,235 shares of company stock worth $3,514,101. Corporate insiders own 12.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on CAVA shares. Stifel Nicolaus increased their price target 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. JPMorgan Chase & Co. increased their price target on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. TD Cowen increased their price target on shares of CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Loop Capital cut their price objective on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, TD Securities cut their price objective on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.47.

CAVA Group Trading Down 4.3 %

Shares of NYSE:CAVA opened at $80.51 on Tuesday. CAVA Group, Inc. has a twelve month low of $58.22 and a twelve month high of $172.43. The company’s 50 day moving average is $116.93 and its 200 day moving average is $125.35. The company has a market cap of $9.31 billion, a PE ratio of 175.02 and a beta of 3.58.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $223.34 million. Equities research analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal 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.