CAVA Group, Inc. (NYSE:CAVA) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,081 shares of the company’s stock after buying an additional 165 shares during the quarter. Farther Finance Advisors LLC’s holdings in CAVA Group were worth $235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nwam LLC grew its position in shares of CAVA Group by 2.6% in the third quarter. Nwam LLC now owns 3,368 shares of the company’s stock valued at $417,000 after purchasing an additional 85 shares during the period. Howard Financial Services LTD. grew its position in shares of CAVA Group by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock valued at $699,000 after purchasing an additional 109 shares during the period. CIBC Asset Management Inc grew its position in shares of CAVA Group by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after purchasing an additional 110 shares during the period. GAMMA Investing LLC grew its position in shares of CAVA Group by 37.0% in the fourth 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 period. Finally, Mainstream Capital Management LLC grew its position in shares of CAVA Group by 0.7% in the fourth quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company’s stock valued at $2,003,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Price Performance

Shares of CAVA stock opened at $76.76 on Wednesday. The firm’s 50-day moving average is $112.56 and its two-hundred day moving average is $123.66. CAVA Group, Inc. has a 12 month low of $58.22 and a 12 month high of $172.43. The company has a market capitalization of $8.87 billion, a PE ratio of 166.86 and a beta of 3.58.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $227.40 million during the quarter, compared to analysts’ expectations of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. Sell-side analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

CAVA has been the topic of several research analyst reports. Loop Capital dropped their target price on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Wedbush reissued an “outperform” rating and issued a $150.00 price target on shares of CAVA Group in a research note on Wednesday, February 26th. Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $142.00 to $115.00 in a research note on Friday, February 28th. Sanford C. Bernstein began coverage on shares of CAVA Group in a research note on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price target on the stock. Finally, William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, CAVA Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.47.

Insider Activity

In other news, CFO Tricia K. Tolivar sold 2,086 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $248,609.48. Following the sale, the chief financial officer now directly owns 235,592 shares of the company’s stock, valued at approximately $28,077,854.56. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the business’s stock in a transaction that occurred on 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 $42,785,024.10. This trade represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,235 shares of company stock valued at $3,514,101. Company insiders own 12.10% of the company’s stock.

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.