CAVA Group, Inc. (NYSE:CAVA) Holdings Raised by Cwm LLC

Cwm LLC grew its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 220.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,852 shares of the company’s stock after purchasing an additional 1,274 shares during the period. Cwm LLC’s holdings in CAVA Group were worth $229,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of CAVA Group by 68.3% during the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of CAVA Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock valued at $3,632,000 after purchasing an additional 184 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in CAVA Group by 4.2% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 6,907 shares of the company’s stock worth $641,000 after acquiring an additional 278 shares in the last quarter. Jamison Private Wealth Management Inc. purchased a new stake in CAVA Group in the 2nd quarter worth about $28,000. Finally, Nemes Rush Group LLC purchased a new stake in CAVA Group in the 2nd quarter worth about $28,000. 73.15% of the stock is owned by hedge funds and other institutional investors.

CAVA Group Stock Performance

Shares of NYSE CAVA opened at $136.29 on Wednesday. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 332.41 and a beta of 3.33. The business’s 50-day simple moving average is $121.25 and its 200-day simple moving average is $95.22. CAVA Group, Inc. has a 52 week low of $29.66 and a 52 week high of $136.96.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business 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 for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. As a group, equities research analysts forecast that CAVA Group, Inc. will post 0.43 earnings per share for the current year.

Insider Activity

In other CAVA Group news, CEO Brett Schulman sold 201,504 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 702,590 shares of the company’s stock, valued at $88,196,122.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other CAVA Group news, CEO Brett Schulman sold 201,504 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 702,590 shares of the company’s stock, valued at $88,196,122.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Theodoros Xenohristos sold 98,490 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 424,846 shares in the company, valued at $53,432,881.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 304,994 shares of company stock valued at $38,310,084. Insiders own 12.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CAVA. Argus increased their price objective on CAVA Group from $104.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Barclays increased their price objective on CAVA Group from $95.00 to $113.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Jefferies Financial Group increased their price objective on CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. increased their price objective on CAVA Group from $77.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, TD Securities increased their price objective on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, CAVA Group has an average rating of “Moderate Buy” and an average price target of $116.93.

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.