CAVA Group, Inc. (NYSE:CAVA) Shares Acquired by Swiss National Bank

Swiss National Bank boosted its holdings in CAVA Group, Inc. (NYSE:CAVA) by 24.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,400 shares of the company’s stock after buying an additional 21,700 shares during the quarter. Swiss National Bank owned approximately 0.10% of CAVA Group worth $13,797,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CAVA. Vanguard Group Inc. increased its holdings in CAVA Group by 215.7% in the first quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company’s stock valued at $346,330,000 after buying an additional 3,377,840 shares during the last quarter. Renaissance Technologies LLC increased its holdings in CAVA Group by 102.5% in the second quarter. Renaissance Technologies LLC now owns 892,400 shares of the company’s stock valued at $82,770,000 after buying an additional 451,800 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in CAVA Group by 51.8% in the second quarter. Driehaus Capital Management LLC now owns 732,603 shares of the company’s stock valued at $67,949,000 after buying an additional 250,110 shares during the last quarter. Marshall Wace LLP increased its holdings in CAVA Group by 130.5% in the second quarter. Marshall Wace LLP now owns 420,577 shares of the company’s stock valued at $39,009,000 after buying an additional 238,087 shares during the last quarter. Finally, ING Groep NV purchased a new position in CAVA Group in the third quarter valued at $17,748,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Insider Activity at CAVA Group

In related news, CFO Tricia K. Tolivar sold 5,000 shares of the firm’s stock in a transaction dated 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 owns 292,600 shares in the company, valued at $36,762,264. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Karen Kochevar sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the completion of the sale, the director now owns 1,307 shares of the company’s stock, valued at approximately $185,894.61. The trade was a 91.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 334,994 shares of company stock worth $42,543,534 over the last 90 days. Company insiders own 12.10% of the company’s stock.

CAVA Group Stock Up 0.0 %

Shares of NYSE:CAVA opened at $144.83 on Friday. The company has a market cap of $16.59 billion, a P/E ratio of 314.88 and a beta of 3.23. CAVA Group, Inc. has a 52 week low of $31.47 and a 52 week high of $172.43. The company has a 50-day moving average price of $133.21 and a 200 day moving average price of $106.20.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Stifel Nicolaus increased their target price on CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Argus raised their price objective on CAVA Group from $104.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Jefferies Financial Group raised their price objective on CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Sanford C. Bernstein assumed coverage on CAVA Group in a report on Wednesday. They set a “market perform” rating and a $145.00 price objective on the stock. Finally, UBS Group assumed coverage on CAVA Group in a report on Friday, September 27th. They set a “neutral” rating and a $135.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $143.80.

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.