Janney Montgomery Scott LLC Makes New Investment in CAVA Group, Inc. (NYSE:CAVA)

Janney Montgomery Scott LLC purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,093 shares of the company’s stock, valued at approximately $3,056,000.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of CAVA Group by 68.3% during the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 125 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in CAVA Group in the third quarter valued at $50,000. Burkett Financial Services LLC acquired a new stake in shares of CAVA Group during the 4th quarter worth about $56,000. ORG Partners LLC purchased a new stake in shares of CAVA Group during the 3rd quarter worth approximately $93,000. Finally, Tsfg LLC boosted its holdings in shares of CAVA Group by 250.0% in the 4th quarter. Tsfg LLC now owns 770 shares of the company’s stock valued at $87,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Insider Activity at CAVA Group

In other news, CAO Adam David Phillips sold 615 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the transaction, the chief accounting officer now directly owns 10,884 shares in the company, valued at $1,353,860.76. This represents a 5.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brett Schulman sold 20,564 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the completion of the sale, the chief executive officer now owns 776,369 shares of the company’s stock, valued at approximately $92,527,657.42. The trade was a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 681,784 shares of company stock valued at $100,756,372. Company insiders own 12.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CAVA. Citigroup raised their price target on CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Barclays cut their price target on CAVA Group from $142.00 to $127.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Sanford C. Bernstein assumed coverage on shares of CAVA Group in a report on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 target price on the stock. Loop Capital lifted their price target on CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus upped their target price on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, CAVA Group has an average rating of “Moderate Buy” and an average price target of $142.13.

CAVA Group Stock Down 2.9 %

NYSE CAVA opened at $134.92 on Friday. CAVA Group, Inc. has a fifty-two week low of $46.56 and a fifty-two week high of $172.43. The business has a fifty day moving average of $125.06 and a 200-day moving average of $119.91. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 293.31 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last announced its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $243.82 million during 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 firm’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 EPS. As a group, analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

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.