Howard Financial Services LTD. Acquires 109 Shares of CAVA Group, Inc. (NYSE:CAVA)

Howard Financial Services LTD. grew its holdings in CAVA Group, Inc. (NYSE:CAVA) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,194 shares of the company’s stock after purchasing an additional 109 shares during the period. Howard Financial Services LTD.’s holdings in CAVA Group were worth $699,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Conway Capital Management Inc. bought a new stake in CAVA Group in the 3rd quarter worth about $5,524,000. SpiderRock Advisors LLC lifted its position in CAVA Group by 8.9% during the third quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock valued at $59,364,000 after purchasing an additional 39,319 shares during the period. Xponance Inc. boosted its holdings in CAVA Group by 95.2% in the second quarter. Xponance Inc. now owns 9,846 shares of the company’s stock worth $913,000 after purchasing an additional 4,803 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in CAVA Group by 262.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock valued at $63,918,000 after buying an additional 373,835 shares during the last quarter. Finally, PFG Investments LLC boosted its stake in shares of CAVA Group by 36.8% in the 3rd quarter. PFG Investments LLC now owns 15,907 shares of the company’s stock worth $1,970,000 after buying an additional 4,275 shares during the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

CAVA Group Trading Up 0.6 %

Shares of NYSE CAVA opened at $118.21 on Friday. The stock has a market capitalization of $13.54 billion, a PE ratio of 256.98 and a beta of 3.21. CAVA Group, Inc. has a 12-month low of $43.51 and a 12-month high of $172.43. The stock’s fifty day simple moving average is $128.22 and its two-hundred day simple moving average is $117.39.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CAVA shares. Sanford C. Bernstein initiated coverage on shares of CAVA Group in a report on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price objective on the stock. UBS Group reduced their price objective on CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Citigroup lifted their target price on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Finally, Robert W. Baird boosted their price objective on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

Insider Buying and Selling at CAVA Group

In other news, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the sale, the director now directly owns 6,307 shares of the company’s stock, valued at $942,265.80. The trade was a 99.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen Kochevar sold 15,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the transaction, the director now owns 1,307 shares of the company’s stock, valued at $182,980. This trade represents a 91.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 652,549 shares of company stock worth $97,242,271 over the last three months. Corporate 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.