SBI Securities Co. Ltd. Purchases Shares of 2,005 CAVA Group, Inc. (NYSE:CAVA)

SBI Securities Co. Ltd. purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,005 shares of the company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new stake in CAVA Group during the fourth quarter valued at about $25,000. Allworth Financial LP increased its holdings in shares of CAVA Group by 369.2% in the fourth quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after purchasing an additional 192 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of CAVA Group in the fourth quarter worth about $47,000. GAMMA Investing LLC increased its holdings in shares of CAVA Group by 37.0% in 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 last quarter. Finally, R Squared Ltd bought a new stake in shares of CAVA Group in the fourth quarter worth about $49,000. 73.15% of the stock is owned by institutional investors.

CAVA Group Price Performance

Shares of NYSE:CAVA opened at $86.70 on Thursday. CAVA Group, Inc. has a 1 year low of $57.92 and a 1 year high of $172.43. The business has a 50 day simple moving average of $118.84 and a two-hundred day simple moving average of $125.56. The firm has a market capitalization of $10.02 billion, a PE ratio of 188.47 and a beta of 3.25.

CAVA Group (NYSE:CAVA) last announced its 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 net margin of 5.88% and a return on equity of 9.10%. The business had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $223.34 million. Equities research analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at CAVA Group

In other news, CAO Adam David Phillips sold 615 shares of CAVA Group stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the completion of the sale, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brett Schulman sold 20,564 shares of CAVA Group 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 sale, the chief executive officer now directly owns 776,369 shares of the company’s stock, valued at $92,527,657.42. This represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 651,784 shares of company stock worth $96,522,922 over the last 90 days. Company insiders own 12.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CAVA shares. UBS Group reduced their target price on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their target price on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Piper Sandler raised CAVA Group from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $142.00 to $115.00 in a report on Friday, February 28th. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a report on Wednesday, February 26th. Finally, TD Securities dropped their price target on CAVA Group from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.47.

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.