109,899 Shares in CAVA Group, Inc. (NYSE:CAVA) Purchased by Blair William & Co. IL

Blair William & Co. IL bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 109,899 shares of the company’s stock, valued at approximately $10,193,000. Blair William & Co. IL owned approximately 0.10% of CAVA Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jamison Private Wealth Management Inc. purchased a new stake in shares of CAVA Group in the second quarter worth $28,000. Headlands Technologies LLC bought a new stake in shares of CAVA Group in the 2nd quarter worth approximately $37,000. Mather Group LLC. purchased a new stake in CAVA Group during the second quarter valued at about $45,000. SOA Wealth Advisors LLC. bought a new position in shares of CAVA Group during the second quarter valued at about $46,000. Finally, CWM LLC increased its holdings in shares of CAVA Group by 101.2% in the first quarter. CWM LLC now owns 505 shares of the company’s stock worth $35,000 after buying an additional 254 shares during the period. 73.15% of the stock is currently owned by institutional investors.

Insider Transactions at CAVA Group

In related news, Director Theodoros Xenohristos sold 98,490 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the sale, the director now owns 424,846 shares of the company’s stock, valued at $53,432,881.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Theodoros Xenohristos sold 98,490 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.77, for a total value of $12,387,087.30. Following the sale, the director now directly owns 424,846 shares of the company’s stock, valued at $53,432,881.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brett Schulman sold 201,504 shares of CAVA Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.53, for a total value of $25,294,797.12. Following the completion of the transaction, the chief executive officer now directly owns 702,590 shares of the company’s stock, valued at approximately $88,196,122.70. The disclosure for this sale can be found here. Insiders have sold 400,943 shares of company stock valued at $47,062,986 in the last three months.

CAVA Group Price Performance

Shares of CAVA opened at $125.12 on Friday. The company has a 50-day simple moving average of $99.94 and a two-hundred day simple moving average of $84.49. The firm has a market capitalization of $14.27 billion, a PE ratio of 305.17 and a beta of 3.34. CAVA Group, Inc. has a one year low of $29.05 and a one year high of $128.18.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $233.50 million for the quarter, compared to analyst estimates of $219.47 million. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. The firm’s revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. Analysts expect that CAVA Group, Inc. will post 0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CAVA shares. Jefferies Financial Group raised their price target on CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Loop Capital lifted their target price on shares of CAVA Group from $80.00 to $122.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. TD Cowen reissued a “buy” rating and set a $115.00 price target on shares of CAVA Group in a research report on Thursday, September 12th. Robert W. Baird raised their price target on shares of CAVA Group from $105.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, Barclays upped their price objective on shares of CAVA Group from $72.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.58.

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.