Nvwm LLC Acquires 1,889 Shares of CAVA Group, Inc. $CAVA

Nvwm LLC boosted its holdings in CAVA Group, Inc. (NYSE:CAVA) by 7,265.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,915 shares of the company’s stock after acquiring an additional 1,889 shares during the quarter. Nvwm LLC’s holdings in CAVA Group were worth $161,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Twin Capital Management Inc. increased its holdings in CAVA Group by 2.2% during the 2nd quarter. Twin Capital Management Inc. now owns 9,485 shares of the company’s stock worth $799,000 after purchasing an additional 206 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of CAVA Group during the second quarter valued at approximately $31,000. Trillium Asset Management LLC boosted its position in shares of CAVA Group by 48.4% during the second quarter. Trillium Asset Management LLC now owns 74,987 shares of the company’s stock valued at $6,316,000 after buying an additional 24,441 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in CAVA Group by 6.5% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 14,302 shares of the company’s stock worth $1,204,000 after buying an additional 871 shares in the last quarter. Finally, Tufton Capital Management raised its position in CAVA Group by 34.2% in the 2nd quarter. Tufton Capital Management now owns 3,725 shares of the company’s stock valued at $313,000 after buying an additional 950 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Stock Performance

Shares of NYSE:CAVA opened at $48.58 on Friday. The company has a market capitalization of $5.63 billion, a P/E ratio of 41.88, a price-to-earnings-growth ratio of 2.64 and a beta of 2.47. The company’s 50-day moving average is $61.91 and its 200 day moving average is $76.01. CAVA Group, Inc. has a fifty-two week low of $45.57 and a fifty-two week high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $292.24 million during the quarter, compared to the consensus estimate of $292.88 million. CAVA Group had a return on equity of 8.88% and a net margin of 12.14%.The business’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. As a group, research analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CAVA has been the topic of a number of analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $68.00 price objective on shares of CAVA Group in a report on Wednesday. Melius initiated coverage on shares of CAVA Group in a research report on Monday, July 14th. They set a “hold” rating and a $95.00 price target on the stock. Cfra Research raised shares of CAVA Group to a “strong-buy” rating in a research report on Thursday, August 14th. Barclays decreased their price objective on shares of CAVA Group from $64.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Argus set a $76.00 target price on shares of CAVA Group in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, CAVA Group has a consensus rating of “Moderate Buy” and an average target price of $82.55.

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.