CAVA Group, Inc. (NYSE:CAVA) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 192.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 386 shares of the company’s stock after buying an additional 254 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in CAVA Group were worth $44,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC bought a new stake in shares of CAVA Group in the 3rd quarter worth about $1,360,000. Charles Schwab Investment Management Inc. lifted its position in shares of CAVA Group by 262.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock worth $63,918,000 after buying an additional 373,835 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in shares of CAVA Group in the 3rd quarter valued at about $241,000. Nwam LLC grew its position in shares of CAVA Group by 2.6% during the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock valued at $417,000 after buying an additional 85 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its stake in CAVA Group by 2.4% during the third quarter. Great Valley Advisor Group Inc. now owns 9,079 shares of the company’s stock worth $1,124,000 after acquiring an additional 215 shares during the period. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

CAVA Group Stock Performance

Shares of CAVA stock opened at $90.39 on Tuesday. The stock’s 50 day simple moving average is $110.27 and its 200 day simple moving average is $122.83. CAVA Group, Inc. has a twelve month low of $58.22 and a twelve month high of $172.43. The company has a market capitalization of $10.45 billion, a price-to-earnings ratio of 196.51 and a beta of 3.58.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $227.40 million during the quarter, compared to the consensus estimate of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. On average, analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CAVA. Barclays lowered their target price on CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $142.00 to $115.00 in a research note on Friday, February 28th. William Blair restated an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. UBS Group cut their price objective on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Loop Capital dropped their price objective on CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.47.

Insider Buying and Selling

In other CAVA Group news, insider Theodoros Xenohristos sold 851 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $101,422.18. Following the sale, the insider now owns 358,995 shares of the company’s stock, valued at $42,785,024.10. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Tricia K. Tolivar sold 2,086 shares of CAVA Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $248,609.48. Following the completion of the transaction, the chief financial officer now directly owns 235,592 shares in the company, valued at approximately $28,077,854.56. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,235 shares of company stock worth $3,514,101 in the last quarter. 12.10% of the stock is currently owned by company insiders.

CAVA Group Company 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.