Natixis Advisors LLC Makes New Investment in CAVA Group, Inc. (NYSE:CAVA)

Natixis Advisors LLC purchased a new stake in CAVA Group, Inc. (NYSE:CAVA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,982 shares of the company’s stock, valued at approximately $1,360,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CAVA. SpiderRock Advisors LLC grew its stake in CAVA Group by 8.9% during the third quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock worth $59,364,000 after purchasing an additional 39,319 shares during the period. Xponance Inc. grew its position in shares of CAVA Group by 95.2% during the 2nd quarter. Xponance Inc. now owns 9,846 shares of the company’s stock worth $913,000 after buying an additional 4,803 shares during the period. PFG Investments LLC increased its stake in shares of CAVA Group by 36.8% in the 3rd quarter. PFG Investments LLC now owns 15,907 shares of the company’s stock valued at $1,970,000 after acquiring an additional 4,275 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of CAVA Group during the 2nd quarter valued at $1,728,000. Finally, Aigen Investment Management LP bought a new position in CAVA Group during the third quarter worth $1,293,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

Insider Activity

In related news, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $142.23, for a total value of $2,133,450.00. Following the completion of the transaction, the director now owns 1,307 shares in the company, valued at $185,894.61. The trade was a 91.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CAVA. JPMorgan Chase & Co. raised their price objective on CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. William Blair reissued an “outperform” rating on shares of CAVA Group in a research report on Wednesday, November 13th. TD Cowen upped their price objective on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. UBS Group started coverage on shares of CAVA Group in a research note on Friday, September 27th. They issued a “neutral” rating and a $135.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on shares of CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.80.

CAVA Group Price Performance

Shares of CAVA Group stock opened at $143.50 on Wednesday. CAVA Group, Inc. has a 1 year low of $31.47 and a 1 year high of $172.43. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 309.91 and a beta of 3.23. The firm’s 50-day moving average is $134.05 and its two-hundred day moving average is $107.62.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The company’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. On average, equities analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

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.