CAVA Group, Inc. (NYSE:CAVA) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in CAVA Group, Inc. (NYSE:CAVA) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 39,154 shares of the company’s stock after acquiring an additional 184 shares during the period. Dimensional Fund Advisors LP’s holdings in CAVA Group were worth $3,632,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Thoroughbred Financial Services LLC boosted its holdings in shares of CAVA Group by 35.7% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 35,352 shares of the company’s stock valued at $3,278,000 after purchasing an additional 9,304 shares during the last quarter. O Neil Global Advisors Inc. grew its position in CAVA Group by 42.8% during the second quarter. O Neil Global Advisors Inc. now owns 13,462 shares of the company’s stock valued at $1,249,000 after acquiring an additional 4,037 shares during the period. Federated Hermes Inc. raised its holdings in shares of CAVA Group by 9.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,060,029 shares of the company’s stock worth $98,318,000 after purchasing an additional 93,635 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of CAVA Group in the 2nd quarter valued at about $1,871,000. Finally, American Century Companies Inc. purchased a new stake in shares of CAVA Group during the 2nd quarter worth about $309,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

CAVA Group Stock Down 1.2 %

CAVA stock opened at $130.24 on Friday. The firm’s 50-day simple moving average is $113.38 and its 200 day simple moving average is $91.09. The stock has a market cap of $14.85 billion, a PE ratio of 317.66 and a beta of 3.33. CAVA Group, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $133.95.

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

Analyst Upgrades and Downgrades

CAVA has been the topic of a number of recent research reports. TD Securities lifted their price target on shares of CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Barclays increased their price target on CAVA Group from $72.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Robert W. Baird boosted their price objective on CAVA Group from $105.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Citigroup upped their target price on CAVA Group from $93.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley downgraded CAVA Group from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $90.00 to $110.00 in a report on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.64.

Insider Buying and Selling

In related news, Director Theodoros Xenohristos sold 98,490 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 424,846 shares of the company’s stock, valued at $53,432,881.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.64, for a total value of $628,200.00. Following the transaction, the chief financial officer now owns 292,600 shares in the company, valued at approximately $36,762,264. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theodoros Xenohristos sold 98,490 shares of CAVA Group stock in a transaction on Monday, August 26th. The shares were 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 approximately $53,432,881.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 304,994 shares of company stock valued at $38,310,084 over the last three months.

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.