CAVA Group, Inc. $CAVA Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC decreased its holdings in CAVA Group, Inc. (NYSE:CAVA) by 22.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 25,472 shares of the company’s stock after selling 7,565 shares during the period. Thoroughbred Financial Services LLC’s holdings in CAVA Group were worth $2,145,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake 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 valued at $783,374,000 after acquiring an additional 1,054,180 shares during the period. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $206,915,000 after purchasing an additional 1,277,912 shares in the last quarter. Geode Capital Management LLC raised its position in CAVA Group by 16.2% in the second 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 stake in shares of CAVA Group by 2,072.1% during the first quarter. Alliancebernstein L.P. now owns 852,691 shares of the company’s stock worth $73,681,000 after purchasing an additional 813,434 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of CAVA Group in the first quarter worth about $72,800,000. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

CAVA Group Trading Down 2.0%

Shares of NYSE:CAVA opened at $47.25 on Friday. The firm has a market cap of $5.48 billion, a PE ratio of 40.73, a price-to-earnings-growth ratio of 2.67 and a beta of 2.47. The company has a fifty day simple moving average of $60.14 and a 200 day simple moving average of $74.51. CAVA Group, Inc. has a 12-month low of $45.57 and a 12-month high of $153.34.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $292.24 million for 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 revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share. As a group, equities research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

CAVA has been the topic of several analyst reports. Stifel Nicolaus set a $75.00 target price on CAVA Group in a report on Wednesday, November 5th. Argus dropped their price objective on shares of CAVA Group from $76.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday. UBS Group decreased their target price on shares of CAVA Group from $75.00 to $61.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. KeyCorp lowered their price target on shares of CAVA Group from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Finally, Barclays cut their price objective on shares of CAVA Group from $64.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CAVA Group has a consensus rating of “Moderate Buy” and a consensus target price of $81.75.

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.