CAVA Group, Inc. (NYSE:CAVA) Shares Purchased by Xponance Inc.

Xponance Inc. raised its position in CAVA Group, Inc. (NYSE:CAVA) by 95.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,846 shares of the company’s stock after purchasing an additional 4,803 shares during the quarter. Xponance Inc.’s holdings in CAVA Group were worth $913,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CAVA. Jamison Private Wealth Management Inc. purchased a new position in CAVA Group in the second quarter worth approximately $28,000. CWM LLC lifted its stake in shares of CAVA Group by 101.2% in the 1st quarter. CWM LLC now owns 505 shares of the company’s stock valued at $35,000 after purchasing an additional 254 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of CAVA Group during the 2nd quarter worth $36,000. Headlands Technologies LLC acquired a new stake in shares of CAVA Group during the 2nd quarter worth about $37,000. Finally, Mather Group LLC. acquired a new position in CAVA Group in the second quarter valued at about $45,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Analysts Set New Price Targets

CAVA has been the subject of a number of recent analyst reports. Citigroup lifted their price target on shares of CAVA Group from $93.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. TD Cowen boosted their target price on CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Morgan Stanley lowered CAVA Group from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $90.00 to $110.00 in a research report on Thursday, August 29th. UBS Group started coverage on CAVA Group in a report on Friday. They issued a “neutral” rating and a $135.00 price objective on the stock. Finally, Barclays raised their target price on CAVA Group from $72.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.64.

Insider Buying and Selling

In other CAVA Group news, Director Theodoros Xenohristos sold 98,490 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the sale, the director now owns 424,846 shares of the company’s stock, valued at $53,432,881.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related 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 transaction of $25,294,797.12. Following the transaction, the chief executive officer now owns 702,590 shares in the company, valued at approximately $88,196,122.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Theodoros Xenohristos sold 98,490 shares of CAVA Group stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.77, for a total value of $12,387,087.30. Following the transaction, the director now directly owns 424,846 shares in the company, valued at approximately $53,432,881.42. The disclosure for this sale can be found here. Insiders sold a total of 310,943 shares of company stock worth $38,872,086 over the last 90 days.

CAVA Group Trading Down 2.6 %

Shares of NYSE:CAVA opened at $123.76 on Friday. CAVA Group, Inc. has a 52 week low of $29.05 and a 52 week high of $131.82. The company’s 50 day moving average is $105.19 and its two-hundred day moving average is $87.27. The company has a market cap of $14.15 billion, a PE ratio of 301.86 and a beta of 3.34.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $219.47 million. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. CAVA Group’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. As a group, equities research analysts expect that CAVA Group, Inc. will post 0.43 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.