Empirical Asset Management LLC Purchases Shares of 43,282 CAVA Group, Inc. (NYSE:CAVA)

Empirical Asset Management LLC purchased a new stake in CAVA Group, Inc. (NYSE:CAVA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 43,282 shares of the company’s stock, valued at approximately $4,882,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cypress Wealth Services LLC increased its holdings in CAVA Group by 3.4% in the 4th quarter. Cypress Wealth Services LLC now owns 4,915 shares of the company’s stock valued at $554,000 after buying an additional 160 shares during the period. PSI Advisors LLC grew its holdings in shares of CAVA Group by 11.3% in the 4th quarter. PSI Advisors LLC now owns 1,473 shares of the company’s stock worth $166,000 after purchasing an additional 150 shares during the last quarter. Tsfg LLC grew its holdings in shares of CAVA Group by 250.0% in the 4th quarter. Tsfg LLC now owns 770 shares of the company’s stock worth $87,000 after purchasing an additional 550 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of CAVA Group by 2.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 8,097 shares of the company’s stock worth $913,000 after purchasing an additional 170 shares during the last quarter. Finally, Brookstone Capital Management grew its holdings in shares of CAVA Group by 21.6% in the 4th quarter. Brookstone Capital Management now owns 11,187 shares of the company’s stock worth $1,262,000 after purchasing an additional 1,985 shares during the last quarter. Institutional investors own 73.15% of the company’s stock.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $149.40, for a total value of $93,008,820.60. Following the transaction, the director now owns 6,307 shares of the company’s stock, valued at approximately $942,265.80. This represents a 99.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Karen Kochevar sold 15,000 shares of the 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 directly owns 1,307 shares in the company, valued at $185,894.61. The trade was a 91.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 652,549 shares of company stock valued at $97,242,271. 12.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CAVA has been the topic of several analyst reports. Barclays lowered their target price on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Piper Sandler upped their target price on shares of CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Wedbush upped their target price on shares of CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. TD Securities upped their target price on shares of CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Citigroup upped their price target on shares of CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

CAVA Group Stock Performance

CAVA opened at $117.35 on Friday. The company has a fifty day moving average price of $128.80 and a two-hundred day moving average price of $117.23. CAVA Group, Inc. has a 52 week low of $42.72 and a 52 week high of $172.43. The firm has a market capitalization of $13.45 billion, a PE ratio of 255.10 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last posted 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 analyst estimates of $233.05 million. During the same period last year, the company earned $0.06 EPS. The firm’s revenue was up 38.9% on a year-over-year basis. Equities analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

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.