Geneos Wealth Management Inc. Makes New Investment in CAVA Group, Inc. (NYSE:CAVA)

Geneos Wealth Management Inc. purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 561 shares of the company’s stock, valued at approximately $63,000.

A number of other hedge funds have also modified their holdings of CAVA. American Century Companies Inc. purchased a new position in CAVA Group in the second quarter valued at about $309,000. Dimensional Fund Advisors LP increased its holdings in CAVA Group by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock worth $3,632,000 after buying an additional 184 shares during the last quarter. AQR Capital Management LLC bought a new position in CAVA Group during the second quarter valued at approximately $208,000. The Manufacturers Life Insurance Company grew its position in CAVA Group by 12.0% in the second quarter. The Manufacturers Life Insurance Company now owns 21,007 shares of the company’s stock worth $1,948,000 after acquiring an additional 2,250 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of CAVA Group during the 2nd quarter worth $426,000. 73.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, Director Karen Kochevar sold 15,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the transaction, the director now directly owns 1,307 shares in the company, valued at $182,980. This represents a 91.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Adam David Phillips sold 615 shares of CAVA Group stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $76,499.85. Following the transaction, the chief accounting officer now directly owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 681,784 shares of company stock valued at $100,756,372 in the last 90 days. 12.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citigroup upped their price objective on shares of CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. UBS Group decreased their price target 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. Stifel Nicolaus raised their price objective on CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Barclays decreased their target price on CAVA Group from $142.00 to $127.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Loop Capital lifted their price target on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, CAVA Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

CAVA Group Stock Performance

NYSE CAVA opened at $134.92 on Friday. CAVA Group, Inc. has a twelve month low of $46.56 and a twelve month high of $172.43. The stock has a market cap of $15.46 billion, a PE ratio of 293.31 and a beta of 3.21. The firm has a 50-day simple moving average of $125.06 and a 200 day simple moving average of $119.91.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. CAVA Group’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 EPS. Research analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

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.