Dynamic Technology Lab Private Ltd Invests $479,000 in CAVA Group, Inc. (NYSE:CAVA)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,865 shares of the company’s stock, valued at approximately $479,000.

Other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in shares of CAVA Group by 102.5% in the 2nd quarter. Renaissance Technologies LLC now owns 892,400 shares of the company’s stock worth $82,770,000 after buying an additional 451,800 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in CAVA Group by 262.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock worth $63,918,000 after acquiring an additional 373,835 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in CAVA Group by 233.4% in the third quarter. Eagle Asset Management Inc. now owns 398,991 shares of the company’s stock valued at $49,415,000 after acquiring an additional 279,306 shares during the period. Driehaus Capital Management LLC grew its holdings in shares of CAVA Group by 51.8% during the second quarter. Driehaus Capital Management LLC now owns 732,603 shares of the company’s stock valued at $67,949,000 after purchasing an additional 250,110 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of CAVA Group by 130.5% during the second quarter. Marshall Wace LLP now owns 420,577 shares of the company’s stock valued at $39,009,000 after purchasing an additional 238,087 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CAVA has been the subject of a number of analyst reports. Argus boosted their price objective on CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Loop Capital boosted their price target on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Citigroup increased their price objective on shares of CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Morgan Stanley boosted their target price on shares of CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Finally, Wedbush raised their price target 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.80.

Insider Buying and Selling

In related news, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction on Tuesday, November 19th. The stock was 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 12.10% of the company’s stock.

CAVA Group Stock Performance

Shares of NYSE CAVA opened at $140.94 on Friday. CAVA Group, Inc. has a 1 year low of $31.47 and a 1 year high of $172.43. The firm has a market cap of $16.15 billion, a P/E ratio of 306.39 and a beta of 3.23. The stock has a fifty day moving average price of $135.37 and a two-hundred day moving average price of $108.99.

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