Harvest Fund Management Co. Ltd Buys 901 Shares of CAVA Group, Inc. (NYSE:CAVA)

Harvest Fund Management Co. Ltd lifted its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 172.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,422 shares of the company’s stock after acquiring an additional 901 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in CAVA Group were worth $176,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CAVA. Nwam LLC boosted its position in CAVA Group by 2.6% during the third quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after purchasing an additional 85 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of CAVA Group by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock worth $407,000 after buying an additional 110 shares during the period. Farther Finance Advisors LLC grew its stake in CAVA Group by 6.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after buying an additional 113 shares during the last quarter. GAMMA Investing LLC grew its stake in CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 125 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in CAVA Group by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock worth $3,632,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 73.15% of the company’s stock.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total value of $2,133,450.00. Following the transaction, the director now directly owns 1,307 shares in the company, valued at $185,894.61. The trade was a 91.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.10% of the company’s stock.

CAVA Group Stock Down 1.6 %

NYSE:CAVA opened at $141.23 on Thursday. CAVA Group, Inc. has a 12-month low of $31.47 and a 12-month high of $172.43. The firm has a market capitalization of $16.18 billion, a PE ratio of 307.02 and a beta of 3.23. The firm has a 50-day moving average price of $134.47 and a 200 day moving average price of $108.08.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. The company’s revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. On average, research analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CAVA shares. Jefferies Financial Group raised their price target on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. TD Cowen raised their target price on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Citigroup lifted their price target on CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Loop Capital increased their price objective on CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Finally, UBS Group assumed coverage on shares of CAVA Group in a research note on Friday, September 27th. They set a “neutral” rating and a $135.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.80.

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.