Centurion Wealth Management LLC Acquires 154 Shares of CAVA Group, Inc. (NYSE:CAVA)

Centurion Wealth Management LLC raised its holdings in CAVA Group, Inc. (NYSE:CAVA) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,913 shares of the company’s stock after acquiring an additional 154 shares during the period. Centurion Wealth Management LLC’s holdings in CAVA Group were worth $216,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Nwam LLC boosted its holdings in shares of CAVA Group by 2.6% in the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after purchasing an additional 85 shares in the last quarter. Howard Financial Services LTD. lifted its holdings in shares of CAVA Group by 1.8% in the 4th quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock worth $699,000 after acquiring an additional 109 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of CAVA Group by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock worth $407,000 after acquiring an additional 110 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of CAVA Group by 37.0% during the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after purchasing an additional 114 shares during the last quarter. Finally, Mainstream Capital Management LLC raised its position in CAVA Group by 0.7% in the 4th quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company’s stock worth $2,003,000 after purchasing an additional 132 shares during the period. Institutional investors own 73.15% of the company’s stock.

CAVA Group Price Performance

Shares of NYSE CAVA opened at $77.45 on Monday. CAVA Group, Inc. has a 1 year low of $58.22 and a 1 year high of $172.43. The company’s 50-day moving average is $114.08 and its 200 day moving average is $124.14. The stock has a market capitalization of $8.95 billion, a P/E ratio of 168.37 and a beta of 3.58.

CAVA Group (NYSE:CAVA) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) 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 firm had revenue of $227.40 million during the quarter, compared to the consensus estimate of $223.34 million. Research analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CAVA. UBS Group reduced their price objective on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Barclays reduced their price target on CAVA Group from $127.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. TD Securities lowered their price objective on CAVA Group from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. William Blair restated an “outperform” rating on shares of CAVA Group in a report on Wednesday, February 26th. Finally, Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of CAVA Group in a report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.47.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the completion of the transaction, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Theodoros Xenohristos sold 851 shares of the business’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 $101,422.18. Following the completion of the sale, the insider now directly owns 358,995 shares in the company, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,235 shares of company stock valued at $3,514,101. 12.10% of the stock is currently owned by company insiders.

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.