CAVA Group, Inc. (NYSE:CAVA) Holdings Boosted by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 95.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,916 shares of the company’s stock after purchasing an additional 21,477 shares during the period. Intech Investment Management LLC’s holdings in CAVA Group were worth $4,954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of CAVA Group by 74.1% during the 3rd quarter. Victory Capital Management Inc. now owns 20,354 shares of the company’s stock valued at $2,521,000 after acquiring an additional 8,660 shares in the last quarter. KBC Group NV grew its holdings in shares of CAVA Group by 40.8% during the 3rd quarter. KBC Group NV now owns 1,598 shares of the company’s stock valued at $198,000 after acquiring an additional 463 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of CAVA Group by 22.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,041 shares of the company’s stock valued at $377,000 after acquiring an additional 560 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of CAVA Group by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after acquiring an additional 110 shares in the last quarter. Finally, Natixis Advisors LLC purchased a new position in shares of CAVA Group during the 3rd quarter valued at $1,360,000. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Sanford C. Bernstein began coverage on shares of CAVA Group in a report on Wednesday, November 20th. They set a “market perform” rating and a $145.00 price target on the stock. UBS Group reduced their price objective on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Loop Capital reduced their price objective on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Citigroup reduced their price objective on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, Barclays reduced their price objective on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.47.

Insider Transactions at CAVA Group

In related news, CAO Adam David Phillips sold 615 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were 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. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction 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. The trade was a 0.24 % 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. 12.10% of the stock is currently owned by company insiders.

CAVA Group Price Performance

CAVA Group stock opened at $76.76 on Wednesday. The firm has a fifty day moving average price of $112.56 and a two-hundred day moving average price of $123.66. CAVA Group, Inc. has a fifty-two week low of $58.22 and a fifty-two week high of $172.43. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 166.86 and a beta of 3.58.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data 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 company had revenue of $227.40 million for the quarter, compared to the consensus estimate of $223.34 million. As a group, sell-side analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current 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.