Xponance Inc. Has $1.14 Million Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Xponance Inc. increased its position in CAVA Group, Inc. (NYSE:CAVA) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,142 shares of the company’s stock after purchasing an additional 635 shares during the quarter. Xponance Inc.’s holdings in CAVA Group were worth $1,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAVA. Arcadia Investment Management Corp MI acquired a new stake in shares of CAVA Group during the 4th quarter worth approximately $25,000. Allworth Financial LP grew its holdings in CAVA Group by 369.2% during the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after acquiring an additional 192 shares during the period. Larson Financial Group LLC raised its position 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 valued at $31,000 after acquiring an additional 200 shares during the last quarter. Signaturefd LLC lifted its stake in shares of CAVA Group by 884.4% in the 4th quarter. Signaturefd LLC now owns 315 shares of the company’s stock valued at $36,000 after purchasing an additional 283 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of CAVA Group during the fourth quarter worth $47,000. 73.15% of the stock is owned by institutional investors.

Insider Buying and Selling at CAVA Group

In other news, insider Theodoros Xenohristos sold 851 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $101,422.18. Following the completion of the sale, the insider now owns 358,995 shares of the company’s stock, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Adam David Phillips sold 615 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $76,499.85. Following the transaction, the chief accounting officer now owns 10,884 shares in the company, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,235 shares of company stock worth $3,514,101. Insiders own 12.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CAVA shares. JPMorgan Chase & Co. raised CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 target price on the stock in a research note on Thursday. Barclays reduced their price objective on shares of 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. Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of CAVA Group in a research note on Wednesday, February 26th. Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $142.00 to $115.00 in a research report on Friday, February 28th. Finally, Loop Capital lowered their price objective on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.47.

CAVA Group Price Performance

CAVA stock opened at $83.59 on Monday. The stock has a market capitalization of $9.66 billion, a P/E ratio of 181.71 and a beta of 3.58. CAVA Group, Inc. has a fifty-two week low of $58.22 and a fifty-two week high of $172.43. The business has a 50-day moving average of $110.68 and a 200-day moving average of $123.02.

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