CAVA Group, Inc. (NYSE:CAVA) Shares Acquired by DMC Group LLC

DMC Group LLC grew its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 13.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,885 shares of the company’s stock after purchasing an additional 584 shares during the period. DMC Group LLC’s holdings in CAVA Group were worth $605,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. purchased a new stake in CAVA Group during the second quarter worth about $28,000. Nemes Rush Group LLC purchased a new position in CAVA Group in the 2nd quarter valued at approximately $28,000. CWM LLC grew its stake in shares of CAVA Group by 101.2% in the first quarter. CWM LLC now owns 505 shares of the company’s stock worth $35,000 after acquiring an additional 254 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of CAVA Group during the second quarter worth $36,000. Finally, Headlands Technologies LLC acquired a new stake in shares of CAVA Group in the second quarter valued at $37,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

Analysts Set New Price Targets

CAVA has been the subject of several analyst reports. TD Securities boosted their target price on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Jefferies Financial Group upped their target price on shares of CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Citigroup lifted their price target on shares of CAVA Group from $93.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Morgan Stanley downgraded shares of CAVA Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $90.00 to $110.00 in a research report on Thursday, August 29th. Finally, TD Cowen lifted their price objective on shares of CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.64.

Insider Activity at CAVA Group

In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.64, for a total value of $628,200.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Brett Schulman sold 201,504 shares of CAVA Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.53, for a total transaction of $25,294,797.12. Following the completion of the transaction, the chief executive officer now directly owns 702,590 shares of the company’s stock, valued at approximately $88,196,122.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 292,600 shares in the company, valued at $36,762,264. This trade represents 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 worth $38,310,084 over the last three months. 12.10% of the stock is currently owned by corporate insiders.

CAVA Group Stock Performance

CAVA Group stock opened at $135.34 on Friday. CAVA Group, Inc. has a fifty-two week low of $29.66 and a fifty-two week high of $135.86. The stock has a 50-day simple moving average of $119.49 and a 200-day simple moving average of $94.01. The company has a market capitalization of $15.43 billion, a P/E ratio of 330.10 and a beta of 3.33.

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

About CAVA Group

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.