CAVA Group, Inc. (NYSE:CAVA) Stock Position Lifted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 62.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,246,209 shares of the company’s stock after purchasing an additional 480,900 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.09% of CAVA Group worth $140,572,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CAVA. Howard Financial Services LTD. lifted its stake in shares of CAVA Group by 1.8% in the 4th quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock worth $699,000 after acquiring an additional 109 shares during the period. GAMMA Investing LLC raised its holdings in CAVA Group by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock worth $48,000 after purchasing an additional 114 shares in the last quarter. Whittier Trust Co. lifted its position in CAVA Group by 80.9% in 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 period. Mainstream Capital Management LLC boosted its stake in CAVA Group by 0.7% during the 4th quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company’s stock valued at $2,003,000 after purchasing an additional 132 shares in the last quarter. Finally, PSI Advisors LLC increased its position in shares of CAVA Group by 11.3% during the 4th quarter. PSI Advisors LLC now owns 1,473 shares of the company’s stock valued at $166,000 after purchasing an additional 150 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 topic of a number of research analyst reports. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a report on Wednesday, February 26th. Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $142.00 to $115.00 in a research note on Friday, February 28th. Barclays cut their target price on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Wedbush restated an “outperform” rating and issued a $150.00 price target on shares of CAVA Group in a research report on Wednesday, February 26th. Finally, UBS Group cut their price objective 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. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.47.

Insider Transactions at CAVA Group

In related news, insider Kenneth Robert Bertram sold 678 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $84,336.42. Following the completion of the sale, the insider now owns 57,312 shares of the company’s stock, valued at approximately $7,129,039.68. The trade was a 1.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brett Schulman sold 20,564 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the transaction, the chief executive officer now directly owns 776,369 shares in the company, valued at approximately $92,527,657.42. The trade was a 2.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,235 shares of company stock valued at $3,514,101. 12.10% of the stock is owned by insiders.

CAVA Group Trading Down 3.0 %

Shares of NYSE CAVA opened at $85.75 on Monday. CAVA Group, Inc. has a one year low of $58.22 and a one year high of $172.43. The business has a 50-day moving average price of $108.04 and a two-hundred day moving average price of $121.95. The firm has a market capitalization of $9.91 billion, a PE ratio of 186.41 and a beta of 3.58.

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