10,443 Shares in CAVA Group, Inc. (NYSE:CAVA) Acquired by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,443 shares of the company’s stock, valued at approximately $1,293,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in CAVA Group by 215.7% during the first quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company’s stock valued at $346,330,000 after purchasing an additional 3,377,840 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of CAVA Group by 21.6% during the 1st quarter. Capital Research Global Investors now owns 5,311,335 shares of the company’s stock valued at $372,059,000 after acquiring an additional 942,054 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in shares of CAVA Group by 55.9% in the first quarter. Lord Abbett & CO. LLC now owns 1,373,749 shares of the company’s stock worth $96,231,000 after acquiring an additional 492,667 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of CAVA Group by 102.5% during the second quarter. Renaissance Technologies LLC now owns 892,400 shares of the company’s stock worth $82,770,000 after acquiring an additional 451,800 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its position in CAVA Group by 51.8% during the second quarter. Driehaus Capital Management LLC now owns 732,603 shares of the company’s stock valued at $67,949,000 after purchasing an additional 250,110 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Trading Down 0.4 %

NYSE CAVA traded down $0.57 on Tuesday, reaching $147.23. The company’s stock had a trading volume of 380,861 shares, compared to its average volume of 2,673,978. CAVA Group, Inc. has a 52 week low of $30.00 and a 52 week high of $151.56. The firm has a market cap of $16.83 billion, a PE ratio of 399.62 and a beta of 3.23. The business has a 50-day moving average price of $128.75 and a 200 day moving average price of $102.06.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. The company had revenue of $233.50 million for the quarter, compared to analyst estimates of $219.47 million. During the same period in the previous year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. Analysts anticipate that CAVA Group, Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CAVA. Barclays raised their price target on CAVA Group from $95.00 to $113.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Robert W. Baird boosted their target price on shares of CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Loop Capital boosted their price objective on CAVA Group from $80.00 to $122.00 and gave the stock a “hold” rating in a research report on Monday, August 26th. Argus raised their target price on CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, TD Cowen upped their price target on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $120.36.

Insider Activity

In related news, CEO Brett Schulman sold 201,504 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.53, for a total value of $25,294,797.12. Following the completion of the transaction, the chief executive officer now owns 702,590 shares of the company’s stock, valued at approximately $88,196,122.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CAVA Group news, CEO Brett Schulman sold 201,504 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.53, for a total value of $25,294,797.12. Following the completion of the transaction, the chief executive officer now directly owns 702,590 shares in the company, valued at $88,196,122.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Tricia K. Tolivar sold 5,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.64, for a total value of $628,200.00. Following the completion of the sale, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at approximately $36,762,264. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 304,994 shares of company stock worth $38,310,084 over the last ninety days. Insiders own 12.10% of the company’s stock.

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.