9,143 Shares in CAVA Group, Inc. $CAVA Bought by Juno Financial Group LLC

Juno Financial Group LLC acquired a new position in shares of CAVA Group, Inc. (NYSE:CAVA) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,143 shares of the company’s stock, valued at approximately $537,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in CAVA Group by 3.5% during the third quarter. Vanguard Group Inc. now owns 9,345,976 shares of the company’s stock worth $564,590,000 after purchasing an additional 313,938 shares during the last quarter. Capital Research Global Investors lifted its stake in CAVA Group by 28.5% during the third quarter. Capital Research Global Investors now owns 6,634,866 shares of the company’s stock worth $400,801,000 after purchasing an additional 1,469,758 shares during the last quarter. Capital International Investors lifted its stake in CAVA Group by 105.4% during the third quarter. Capital International Investors now owns 4,228,736 shares of the company’s stock worth $255,451,000 after purchasing an additional 2,169,553 shares during the last quarter. Alliancebernstein L.P. lifted its stake in CAVA Group by 118.3% during the third quarter. Alliancebernstein L.P. now owns 2,953,688 shares of the company’s stock worth $178,432,000 after purchasing an additional 1,600,630 shares during the last quarter. Finally, State Street Corp lifted its stake in CAVA Group by 5.0% in the second quarter. State Street Corp now owns 2,543,335 shares of the company’s stock valued at $214,225,000 after buying an additional 122,163 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors.

CAVA Group Stock Up 0.4%

NYSE:CAVA opened at $96.63 on Thursday. The business’s 50-day moving average price is $80.97 and its 200 day moving average price is $66.67. The firm has a market cap of $11.25 billion, a P/E ratio of 178.95, a PEG ratio of 8.03 and a beta of 2.03. CAVA Group, Inc. has a 52-week low of $43.41 and a 52-week high of $101.50.

CAVA Group (NYSE:CAVA) last released its earnings results on Tuesday, February 24th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $274.99 million for the quarter, compared to analyst estimates of $268.04 million. CAVA Group had a return on equity of 8.43% and a net margin of 5.40%.CAVA Group’s revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. Sell-side analysts expect that CAVA Group, Inc. will post 0.51 EPS for the current year.

Insider Activity

In related news, insider Kenneth Robert Bertram sold 994 shares of CAVA Group stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total transaction of $61,767.16. Following the transaction, the insider directly owned 49,122 shares of the company’s stock, valued at $3,052,441.08. The trade was a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kelly Costanza sold 1,707 shares of CAVA Group stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total value of $106,072.98. Following the transaction, the insider directly owned 119,139 shares in the company, valued at approximately $7,403,297.46. The trade was a 1.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,460 shares of company stock valued at $712,124 over the last quarter. Insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CAVA shares. Citigroup raised their target price on CAVA Group from $74.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. DA Davidson initiated coverage on CAVA Group in a report on Friday, March 6th. They set a “neutral” rating and a $80.00 price target on the stock. TD Cowen lifted their price target on CAVA Group from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Mizuho lifted their price target on CAVA Group from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Finally, Guggenheim began coverage on CAVA Group in a report on Thursday, March 26th. They set a “buy” rating and a $100.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.89.

About CAVA Group

CAVA Group, Inc (NYSE: CAVA) is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe’s Kitchen.