CAVA Group, Inc. (NYSE:CAVA) Shares Purchased by IFP Advisors Inc

IFP Advisors Inc raised its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 23.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,094 shares of the company’s stock after purchasing an additional 957 shares during the quarter. IFP Advisors Inc’s holdings in CAVA Group were worth $575,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new stake in shares of CAVA Group in the fourth quarter worth about $25,000. Allworth Financial LP boosted its holdings in CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after acquiring an additional 192 shares during the period. Golden State Wealth Management LLC acquired a new stake in CAVA Group in the fourth quarter valued at approximately $47,000. GAMMA Investing LLC grew its position in 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 acquiring an additional 114 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in CAVA Group in the fourth quarter valued at approximately $49,000. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Kenneth Robert Bertram sold 678 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $84,336.42. Following the sale, the insider now directly owns 57,312 shares in the company, valued at approximately $7,129,039.68. This trade represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Adam David Phillips sold 615 shares of the firm’s stock in a transaction on 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 owns 10,884 shares in the company, valued at $1,353,860.76. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 651,784 shares of company stock worth $96,522,922. 12.10% of the stock is owned by insiders.

CAVA Group Price Performance

CAVA Group stock opened at $94.98 on Friday. The company has a market cap of $10.88 billion, a PE ratio of 206.47 and a beta of 3.25. The company has a fifty day moving average price of $121.21 and a two-hundred day moving average price of $125.53. CAVA Group, Inc. has a 12 month low of $56.03 and a 12 month high of $172.43.

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

Analyst Ratings Changes

CAVA has been the subject of several recent research reports. Morgan Stanley increased their price objective on shares of CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of CAVA Group in a research report on Wednesday. Sanford C. Bernstein initiated coverage on shares of CAVA Group in a research report on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price objective for the company. Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $142.00 to $115.00 in a research report on Friday. Finally, TD Securities lowered their price objective on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.47.

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.