APEIRON CAPITAL Ltd Purchases Shares of 9,100 CAVA Group, Inc. (NYSE:CAVA)

APEIRON CAPITAL Ltd purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 9,100 shares of the company’s stock, valued at approximately $786,000. CAVA Group comprises 0.4% of APEIRON CAPITAL Ltd’s investment portfolio, making the stock its 10th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. boosted its stake in shares of CAVA Group by 263.3% in the 4th quarter. Principal Securities Inc. now owns 436 shares of the company’s stock worth $49,000 after buying an additional 316 shares during the last quarter. Allworth Financial LP boosted its stake in shares of CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after buying an additional 192 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of CAVA Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 3,461 shares of the company’s stock worth $390,000 after buying an additional 174 shares during the last quarter. Truist Financial Corp boosted its stake in shares of CAVA Group by 28.8% in the 4th quarter. Truist Financial Corp now owns 6,423 shares of the company’s stock worth $725,000 after buying an additional 1,437 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of CAVA Group by 19.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 7,606 shares of the company’s stock worth $858,000 after buying an additional 1,245 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Robert W. Baird boosted their target price on CAVA Group from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Citigroup boosted their target price on CAVA Group from $114.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Loop Capital cut their target price on CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Wedbush restated an “outperform” rating and issued a $150.00 target price on shares of CAVA Group in a research note on Wednesday, February 26th. Finally, Barclays lowered their price target on shares of CAVA Group from $104.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.88.

CAVA Group Price Performance

Shares of CAVA stock opened at $75.23 on Tuesday. The company’s fifty day simple moving average is $85.79 and its two-hundred day simple moving average is $100.32. CAVA Group, Inc. has a 1 year low of $70.00 and a 1 year high of $172.43. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 62.69, a PEG ratio of 3.49 and a beta of 2.79.

CAVA Group (NYSE:CAVA) last issued its earnings results on Thursday, May 15th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. CAVA Group had a net margin of 13.70% and a return on equity of 10.61%. The business had revenue of $331.83 million for the quarter, compared to analysts’ expectations of $327.98 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. Equities research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 9,348 shares of the business’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.88, for a total transaction of $886,938.24. Following the sale, the insider now owns 353,271 shares of the company’s stock, valued at $33,518,352.48. The trade was a 2.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kelly Costanza sold 2,799 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $210,372.84. Following the transaction, the insider now owns 122,548 shares of the company’s stock, valued at $9,210,707.68. This trade represents a 2.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,951 shares of company stock valued at $5,409,027 in the last 90 days. 12.10% of the stock is currently owned by company insiders.

CAVA Group 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.