Quantbot Technologies LP Increases Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Quantbot Technologies LP boosted its stake in CAVA Group, Inc. (NYSE:CAVA) by 323.4% in the third quarter, Holdings Channel reports. The fund owned 49,627 shares of the company’s stock after buying an additional 37,906 shares during the quarter. Quantbot Technologies LP’s holdings in CAVA Group were worth $6,146,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of CAVA Group by 215.7% during the first quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company’s stock worth $346,330,000 after purchasing an additional 3,377,840 shares in the last quarter. Acadian Asset Management LLC purchased a new position in CAVA Group in the 1st quarter valued at about $323,000. American International Group Inc. boosted its position in CAVA Group by 194.2% in the 1st quarter. American International Group Inc. now owns 709 shares of the company’s stock valued at $50,000 after buying an additional 468 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of CAVA Group during the first quarter valued at about $662,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of CAVA Group by 171.8% in the first quarter. Public Employees Retirement System of Ohio now owns 18,381 shares of the company’s stock worth $1,288,000 after acquiring an additional 11,618 shares in the last quarter. 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 company’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 completion of the transaction, the director now owns 1,307 shares in the company, valued at approximately $185,894.61. This represents a 91.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CAVA shares. Loop Capital raised their price objective on CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. TD Cowen raised their price target on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Piper Sandler upped their price target on shares of CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Sanford C. Bernstein started coverage on shares of CAVA Group in a report on Wednesday, November 20th. They set a “market perform” rating and a $145.00 price objective for the company. Finally, Wedbush upped their target price on shares of CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.80.

CAVA Group Stock Down 1.7 %

Shares of NYSE CAVA opened at $142.56 on Tuesday. The firm’s 50-day moving average price is $134.05 and its two-hundred day moving average price is $107.62. CAVA Group, Inc. has a 52-week low of $31.47 and a 52-week high of $172.43. The stock has a market capitalization of $16.33 billion, a P/E ratio of 309.91 and a beta of 3.23.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. During the same quarter last year, the business posted $0.06 EPS. The business’s revenue was up 38.9% on a year-over-year basis. As a group, equities research analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

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.