Blair William & Co. IL Has $14.98 Million Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Blair William & Co. IL boosted its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 6.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,822 shares of the company’s stock after purchasing an additional 7,632 shares during the period. Blair William & Co. IL owned about 0.12% of CAVA Group worth $14,982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new position in shares of CAVA Group in the fourth quarter valued at approximately $25,000. Allworth Financial LP raised its position in CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock valued at $30,000 after purchasing an additional 192 shares during the last quarter. Larson Financial Group LLC boosted its stake in CAVA Group by 274.0% in the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company’s stock worth $32,000 after purchasing an additional 127 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of CAVA Group by 884.4% in the fourth quarter. Signaturefd LLC now owns 315 shares of the company’s stock valued at $36,000 after buying an additional 283 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays reduced their price target on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. UBS Group decreased their price target on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. TD Securities reduced their price objective on CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. William Blair reiterated an “outperform” rating on shares of CAVA Group in a research report on Wednesday, February 26th. Finally, Piper Sandler upgraded CAVA Group from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $142.00 to $115.00 in a research report on Friday, February 28th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, CAVA Group currently has a consensus rating of “Moderate Buy” and an average target price of $131.47.

CAVA Group Stock Performance

CAVA opened at $85.75 on Friday. CAVA Group, Inc. has a twelve month low of $58.22 and a twelve month high of $172.43. The firm has a market cap of $9.91 billion, a PE ratio of 186.41 and a beta of 3.58. The firm’s fifty day moving average is $108.04 and its two-hundred day moving average is $121.93.

CAVA Group (NYSE:CAVA) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. Equities analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other CAVA Group news, CFO Tricia K. Tolivar sold 2,086 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $248,609.48. Following the completion of the transaction, the chief financial officer now owns 235,592 shares in the company, valued at approximately $28,077,854.56. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brett Schulman sold 20,564 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $2,450,817.52. Following the completion of the sale, the chief executive officer now owns 776,369 shares in the company, valued at approximately $92,527,657.42. This trade represents a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,235 shares of company stock worth $3,514,101. Company insiders own 12.10% of the company’s stock.

CAVA Group 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.