CAVA Group, Inc. (NYSE:CAVA) Shares Bought by KBC Group NV

KBC Group NV boosted its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 114.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,433 shares of the company’s stock after buying an additional 1,835 shares during the period. KBC Group NV’s holdings in CAVA Group were worth $387,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in CAVA Group by 0.5% during 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 in the last quarter. AQR Capital Management LLC purchased a new position in shares of CAVA Group during the second quarter valued at approximately $208,000. The Manufacturers Life Insurance Company increased its stake 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 valued at $1,948,000 after purchasing an additional 2,250 shares during the last quarter. Algert Global LLC purchased a new position in CAVA Group during the second quarter worth about $426,000. Finally, Creative Planning grew its holdings in CAVA Group by 24.7% in the second quarter. Creative Planning now owns 5,046 shares of the company’s stock valued at $468,000 after purchasing an additional 1,000 shares during the period. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CAVA shares. Loop Capital boosted their price objective on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Morgan Stanley boosted their price target on CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. UBS Group lowered their price objective on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Sanford C. Bernstein started coverage on CAVA Group in a report on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price objective for the company. Finally, Barclays lowered their price target on CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $142.13.

Insider Transactions at CAVA Group

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $76,499.85. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Karen Kochevar sold 15,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the sale, the director now owns 1,307 shares of the company’s stock, valued at $182,980. The trade was a 91.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 681,784 shares of company stock worth $100,756,372 over the last three months. 12.10% of the stock is currently owned by insiders.

CAVA Group Stock Down 2.9 %

Shares of NYSE:CAVA opened at $134.92 on Monday. CAVA Group, Inc. has a 12-month low of $46.56 and a 12-month high of $172.43. The firm has a fifty day moving average of $125.06 and a two-hundred day moving average of $120.41. The firm has a market capitalization of $15.46 billion, a P/E ratio of 293.31 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last posted its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm had revenue of $243.82 million during the quarter, compared to analysts’ expectations of $233.05 million. During the same period in the previous year, the company earned $0.06 earnings per share. The company’s revenue was up 38.9% compared to the same quarter last year. Equities research analysts expect 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.