Pamalican Asset Management Ltd Makes New Investment in CAVA Group, Inc. (NYSE:CAVA)

Pamalican Asset Management Ltd bought a new stake in CAVA Group, Inc. (NYSE:CAVA) during the 4th quarter, HoldingsChannel.com reports. The firm bought 40,000 shares of the company’s stock, valued at approximately $4,512,000. CAVA Group comprises approximately 2.0% of Pamalican Asset Management Ltd’s holdings, making the stock its 20th biggest holding.

A number of other institutional investors have also recently made changes to their positions in CAVA. Conway Capital Management Inc. acquired a new stake in CAVA Group in the 3rd quarter valued at about $5,524,000. Charles Schwab Investment Management Inc. grew its position in shares of CAVA Group by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,868 shares of the company’s stock valued at $59,544,000 after purchasing an additional 11,776 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of CAVA Group in the fourth quarter valued at approximately $2,097,000. Empowered Funds LLC purchased a new position in CAVA Group during the fourth quarter worth approximately $5,007,000. Finally, Legacy Capital Wealth Partners LLC boosted its stake in CAVA Group by 71.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 13,658 shares of the company’s stock worth $1,541,000 after buying an additional 5,712 shares during the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Brett Schulman sold 20,564 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the completion of the transaction, the chief executive officer now directly owns 776,369 shares of the company’s stock, valued at $92,527,657.42. The trade was a 2.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Adam David Phillips sold 615 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $76,499.85. Following the completion of the sale, the chief accounting officer now directly owns 10,884 shares in the company, valued at $1,353,860.76. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,235 shares of company stock valued at $3,514,101 in the last ninety days. Company insiders own 12.10% of the company’s stock.

CAVA Group Trading Down 7.0 %

CAVA stock opened at $84.02 on Friday. The business’s fifty day moving average price is $105.27 and its 200 day moving average price is $120.95. 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 $9.71 billion, a PE ratio of 182.65 and a beta of 3.58.

CAVA Group (NYSE:CAVA) last issued 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). CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $223.34 million. Research analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Bank of America assumed coverage on CAVA Group in a research note on Monday. They issued a “buy” rating and a $112.00 target price for the company. Citigroup cut their price objective on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. TD Securities decreased their target price on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Barclays dropped their price target on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Finally, Wedbush reaffirmed an “outperform” rating and set a $150.00 price target on shares of CAVA Group in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.25.

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.