2,326 Shares in CAVA Group, Inc. (NYSE:CAVA) Purchased by MML Investors Services LLC

MML Investors Services LLC bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,326 shares of the company’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAVA. XTX Topco Ltd bought a new stake in shares of CAVA Group during the 3rd quarter worth $828,000. National Bank of Canada FI raised its position in CAVA Group by 782.7% in the third quarter. National Bank of Canada FI now owns 4,855 shares of the company’s stock worth $601,000 after acquiring an additional 4,305 shares during the period. Two Sigma Advisers LP boosted its stake in CAVA Group by 17.0% in the third quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock valued at $273,820,000 after acquiring an additional 321,800 shares during the last quarter. State Street Corp grew its position in shares of CAVA Group by 33.3% during the 3rd quarter. State Street Corp now owns 1,267,333 shares of the company’s stock valued at $156,959,000 after acquiring an additional 316,514 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of CAVA Group by 7.9% during the 3rd quarter. Stifel Financial Corp now owns 57,395 shares of the company’s stock worth $7,108,000 after purchasing an additional 4,214 shares during the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Insider Buying and Selling

In related news, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total value of $2,133,450.00. Following the transaction, the director now owns 1,307 shares in the company, valued at $185,894.61. This trade represents a 91.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the completion of the sale, the director now directly owns 6,307 shares of the company’s stock, valued at $942,265.80. This represents a 99.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 652,549 shares of company stock worth $97,242,271 in the last quarter. 12.10% of the stock is owned by insiders.

CAVA Group Price Performance

Shares of NYSE:CAVA opened at $118.52 on Thursday. The company’s fifty day moving average price is $136.02 and its 200-day moving average price is $114.90. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 257.65 and a beta of 2.93. CAVA Group, Inc. has a one year low of $39.05 and a one year high of $172.43.

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

Analysts Set New Price Targets

CAVA has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Morgan Stanley lifted their price objective on CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Argus upped their price objective on shares of CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. William Blair reiterated an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. Finally, TD Securities upped their price target on shares of CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, CAVA Group currently has an average rating of “Moderate Buy” and a consensus target price of $143.80.

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.