Whipplewood Advisors LLC Makes New $51,000 Investment in CAVA Group, Inc. (NYSE:CAVA)

Whipplewood Advisors LLC purchased a new position in CAVA Group, Inc. (NYSE:CAVA) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 449 shares of the company’s stock, valued at approximately $51,000.

A number of other hedge funds have also recently added to or reduced their stakes in CAVA. Illinois Municipal Retirement Fund acquired a new stake in CAVA Group during the 4th quarter worth approximately $581,000. IFP Advisors Inc raised its holdings in CAVA Group by 23.1% in the fourth quarter. IFP Advisors Inc now owns 5,094 shares of the company’s stock valued at $575,000 after buying an additional 957 shares during the period. WealthShield Partners LLC raised its holdings in CAVA Group by 12.0% in the fourth quarter. WealthShield Partners LLC now owns 1,864 shares of the company’s stock valued at $210,000 after buying an additional 200 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in CAVA Group in the fourth quarter valued at approximately $963,000. Finally, Wealthspire Advisors LLC raised its holdings in CAVA Group by 57.3% in the fourth quarter. Wealthspire Advisors LLC now owns 53,828 shares of the company’s stock valued at $6,072,000 after buying an additional 19,607 shares during the period. 73.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CAVA has been the topic of several research reports. Loop Capital cut their price target on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday. Robert W. Baird raised their price target on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Piper Sandler upgraded shares of CAVA Group from a “neutral” rating to an “overweight” rating and cut their price target for the company from $142.00 to $115.00 in a report on Friday. Barclays cut their price target on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, UBS Group reduced their target price on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.47.

CAVA Group Trading Up 5.4 %

Shares of NYSE:CAVA opened at $94.98 on Friday. CAVA Group, Inc. has a 12-month low of $56.03 and a 12-month high of $172.43. The company has a fifty day simple moving average of $121.21 and a 200 day simple moving average of $125.53. The firm has a market cap of $10.88 billion, a PE ratio of 206.47 and a beta of 3.25.

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

Insider Buying and Selling at CAVA Group

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brett Schulman sold 20,564 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 776,369 shares of the company’s stock, valued at $92,527,657.42. This represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 651,784 shares of company stock worth $96,522,922 over the last 90 days. Insiders own 12.10% of the company’s stock.

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.