LGT Group Foundation Purchases 3,979 Shares of CAVA Group, Inc. (NYSE:CAVA)

LGT Group Foundation raised its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 65.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,064 shares of the company’s stock after acquiring an additional 3,979 shares during the quarter. LGT Group Foundation’s holdings in CAVA Group were worth $1,135,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. DJE Kapital AG bought a new stake in CAVA Group during the 4th quarter valued at approximately $951,000. SBI Securities Co. Ltd. bought a new stake in CAVA Group during the 4th quarter valued at approximately $226,000. Jones Financial Companies Lllp boosted its position in CAVA Group by 377.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,599 shares of the company’s stock valued at $406,000 after acquiring an additional 2,845 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in CAVA Group by 125.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 438 shares of the company’s stock valued at $49,000 after acquiring an additional 244 shares in the last quarter. Finally, West Michigan Advisors LLC bought a new stake in CAVA Group during the 4th quarter valued at approximately $249,000. 73.15% of the stock is owned by institutional investors.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction on Monday, December 9th. The shares were 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 in the company, valued at approximately $942,265.80. The trade was a 99.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $101,422.18. Following the sale, the insider now directly owns 358,995 shares of the company’s stock, valued at approximately $42,785,024.10. The trade was a 0.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 651,784 shares of company stock worth $96,522,922. Insiders own 12.10% of the company’s stock.

CAVA Group Stock Down 7.9 %

Shares of NYSE CAVA opened at $87.55 on Tuesday. The firm has a market cap of $10.12 billion, a P/E ratio of 190.33 and a beta of 3.25. The company has a 50 day moving average of $120.12 and a 200 day moving average of $125.93. CAVA Group, Inc. has a twelve month low of $56.03 and a twelve month high of $172.43.

CAVA Group (NYSE:CAVA) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. As a group, equities analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Citigroup lowered their target price on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Sanford C. Bernstein assumed coverage on shares of CAVA Group in a report on Wednesday, November 20th. They set a “market perform” rating and a $145.00 target price for the company. Barclays lowered their target price on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Finally, Loop Capital lowered their target price on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.47.

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.