Cypress Wealth Services LLC Has $554,000 Holdings in CAVA Group, Inc. (NYSE:CAVA)

Cypress Wealth Services LLC raised its holdings in CAVA Group, Inc. (NYSE:CAVA) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,915 shares of the company’s stock after buying an additional 160 shares during the quarter. Cypress Wealth Services LLC’s holdings in CAVA Group were worth $554,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CAVA. FMR LLC boosted its stake in CAVA Group by 0.9% in the third quarter. FMR LLC now owns 3,485,033 shares of the company’s stock valued at $431,621,000 after acquiring an additional 29,668 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in CAVA Group by 17.0% in the 3rd quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock worth $273,820,000 after buying an additional 321,800 shares during the period. Lord Abbett & CO. LLC raised its holdings in CAVA Group by 1.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,358,250 shares of the company’s stock valued at $168,219,000 after acquiring an additional 19,493 shares during the period. State Street Corp raised its stake in shares of CAVA Group by 33.3% during the 3rd quarter. State Street Corp now owns 1,267,333 shares of the company’s stock valued at $156,959,000 after purchasing an additional 316,514 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of CAVA Group by 121.0% in the third quarter. Geode Capital Management LLC now owns 1,222,834 shares of the company’s stock valued at $151,492,000 after acquiring an additional 669,599 shares during the period. Institutional investors and hedge funds own 73.15% of the company’s stock.

Analysts Set New Price Targets

CAVA has been the subject of several recent analyst reports. UBS Group reduced their target price on CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Sanford C. Bernstein assumed 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 on the stock. JPMorgan Chase & Co. raised their target price on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. TD Cowen increased their price target on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Robert W. Baird raised their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $142.13.

CAVA Group Stock Up 1.5 %

NYSE CAVA opened at $117.35 on Friday. The company has a 50-day simple moving average of $128.80 and a two-hundred day simple moving average of $117.23. CAVA Group, Inc. has a 12-month low of $42.72 and a 12-month high of $172.43. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of 255.10 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last issued its earnings results 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. The company had revenue of $243.82 million during the quarter, compared to analysts’ expectations of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. CAVA Group’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 EPS. Equities analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Transactions at CAVA Group

In related news, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction on Monday, December 9th. The shares were sold at an average price of $149.40, for a total value of $93,008,820.60. Following the sale, the director now owns 6,307 shares in the company, valued at $942,265.80. The trade was a 99.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the transaction, the director now directly owns 1,307 shares in the company, valued at approximately $182,980. The trade was a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 652,549 shares of company stock worth $97,242,271. Insiders own 12.10% of the company’s stock.

About CAVA Group

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.