CAVA Group, Inc. (NYSE:CAVA) Stock Position Increased by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 54.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,922 shares of the company’s stock after buying an additional 5,940 shares during the quarter. Natixis Advisors LLC’s holdings in CAVA Group were worth $1,909,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CAVA. Arcadia Investment Management Corp MI bought a new stake in CAVA Group during the fourth quarter worth approximately $25,000. Allworth Financial LP lifted its position in shares of CAVA Group by 369.2% during the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock valued at $30,000 after acquiring an additional 192 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of CAVA Group in the 4th quarter worth $47,000. Finally, GAMMA Investing LLC raised its position in shares of CAVA Group by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock worth $48,000 after purchasing an additional 114 shares during the period. Institutional investors own 73.15% of the company’s stock.

Insider Buying and Selling at CAVA Group

In other news, insider Theodoros Xenohristos sold 851 shares of the firm’s stock in a transaction dated 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 directly owns 358,995 shares of the company’s stock, valued at approximately $42,785,024.10. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tricia K. Tolivar sold 2,086 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $248,609.48. Following the transaction, the chief financial officer now directly owns 235,592 shares of the company’s stock, valued at $28,077,854.56. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,235 shares of company stock worth $3,514,101 over the last 90 days. Insiders own 12.10% of the company’s stock.

Analyst Upgrades and Downgrades

CAVA has been the topic of a number of analyst reports. Barclays dropped their price target on CAVA Group from $127.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Loop Capital reduced their target price on CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, February 27th. TD Securities lowered their price target on CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Wedbush reissued an “outperform” rating and issued a $150.00 price objective on shares of CAVA Group in a research note on Wednesday, February 26th. Finally, UBS Group lowered their target price on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, CAVA Group currently has a consensus rating of “Moderate Buy” and an average price target of $131.47.

CAVA Group Trading Up 7.8 %

Shares of NYSE:CAVA opened at $90.39 on Tuesday. The stock has a market capitalization of $10.45 billion, a PE ratio of 196.51 and a beta of 3.58. CAVA Group, Inc. has a 1 year low of $58.22 and a 1 year high of $172.43. The firm has a fifty day moving average price of $110.27 and a 200 day moving average price of $122.83.

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