2,306 Shares in CAVA Group, Inc. (NYSE:CAVA) Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,306 shares of the company’s stock, valued at approximately $260,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after buying an additional 125 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of CAVA Group during the third quarter worth about $50,000. Burkett Financial Services LLC acquired a new position in shares of CAVA Group during the fourth quarter valued at approximately $56,000. Geneos Wealth Management Inc. purchased a new position in shares of CAVA Group in the fourth quarter valued at approximately $63,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of CAVA Group by 98.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 875 shares of the company’s stock worth $81,000 after acquiring an additional 433 shares during the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CAVA Group

In other news, CAO Adam David Phillips sold 615 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the sale, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brett Schulman sold 20,564 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the sale, the chief executive officer now owns 776,369 shares in the company, valued at approximately $92,527,657.42. This trade represents a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 681,784 shares of company stock worth $100,756,372. Insiders own 12.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CAVA shares. William Blair restated an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised their price target on shares of CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Morgan Stanley upped their price objective on shares of CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Piper Sandler raised their target price on shares of CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Finally, Robert W. Baird upped their price target on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, CAVA Group presently has an average rating of “Moderate Buy” and a consensus target price of $142.13.

CAVA Group Trading Down 2.9 %

NYSE CAVA opened at $134.92 on Friday. The stock has a fifty day simple moving average of $125.06 and a 200-day simple moving average of $120.14. The stock has a market cap of $15.46 billion, a PE ratio of 293.31 and a beta of 3.21. CAVA Group, Inc. has a twelve month low of $46.56 and a twelve month high of $172.43.

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