CAVA Group, Inc. $CAVA Shares Purchased by Miller Financial Services LLC

Miller Financial Services LLC grew its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 10.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 14,491 shares of the company’s stock after acquiring an additional 1,401 shares during the period. CAVA Group comprises about 1.6% of Miller Financial Services LLC’s portfolio, making the stock its 19th largest holding. Miller Financial Services LLC’s holdings in CAVA Group were worth $1,221,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of CAVA Group by 13.2% in the 1st quarter. Vanguard Group Inc. now owns 9,065,782 shares of the company’s stock worth $783,374,000 after acquiring an additional 1,054,180 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in CAVA Group by 114.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,394,561 shares of the company’s stock worth $206,915,000 after purchasing an additional 1,277,912 shares during the period. Geode Capital Management LLC raised its stake in CAVA Group by 16.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,622,898 shares of the company’s stock valued at $136,715,000 after purchasing an additional 226,785 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of CAVA Group by 2,072.1% in the first quarter. Alliancebernstein L.P. now owns 852,691 shares of the company’s stock valued at $73,681,000 after purchasing an additional 813,434 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of CAVA Group in the first quarter worth $72,800,000. 73.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on CAVA shares. Mizuho raised CAVA Group to a “hold” rating in a research report on Tuesday, October 28th. Robert W. Baird set a $95.00 price target on shares of CAVA Group in a research report on Wednesday, August 13th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $68.00 price objective on shares of CAVA Group in a research report on Wednesday, November 5th. Cfra Research upgraded CAVA Group to a “strong-buy” rating in a report on Thursday, August 14th. Finally, Stifel Nicolaus set a $75.00 target price on CAVA Group in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CAVA Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.75.

CAVA Group Price Performance

CAVA Group stock opened at $45.46 on Thursday. CAVA Group, Inc. has a one year low of $44.26 and a one year high of $153.34. The company’s fifty day moving average price is $58.94 and its two-hundred day moving average price is $73.47. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 2.55 and a beta of 2.47.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $292.24 million during the quarter, compared to analyst estimates of $292.88 million. CAVA Group had a return on equity of 8.88% and a net margin of 12.14%.CAVA Group’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. As a group, sell-side analysts anticipate 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.