12,862 Shares in CAVA Group, Inc. $CAVA Bought by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC acquired a new position in CAVA Group, Inc. (NYSE:CAVAFree Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,862 shares of the company’s stock, valued at approximately $1,083,000. CAVA Group makes up 0.8% of Uhlmann Price Securities LLC’s holdings, making the stock its 29th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in shares of CAVA Group by 1,400.0% in the first quarter. First Horizon Advisors Inc. now owns 285 shares of the company’s stock worth $25,000 after buying an additional 266 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in shares of CAVA Group in the first quarter worth $26,000. Dagco Inc. purchased a new stake in shares of CAVA Group in the first quarter worth $27,000. Brooklyn Investment Group raised its position in shares of CAVA Group by 168.0% in the first quarter. Brooklyn Investment Group now owns 402 shares of the company’s stock worth $35,000 after buying an additional 252 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in shares of CAVA Group in the second quarter worth $38,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CAVA shares. Weiss Ratings reissued a “hold (c)” rating on shares of CAVA Group in a research note on Wednesday, October 8th. Barclays reduced their target price on CAVA Group from $91.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. TD Cowen reduced their target price on CAVA Group from $120.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Argus set a $76.00 target price on CAVA Group in a research note on Tuesday, September 2nd. Finally, KeyCorp reduced their target price on CAVA Group from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.50.

Get Our Latest Report on CAVA

CAVA Group Trading Down 0.3%

Shares of NYSE:CAVA opened at $63.18 on Monday. The stock’s 50-day moving average price is $65.76 and its 200-day moving average price is $78.83. CAVA Group, Inc. has a 12-month low of $58.33 and a 12-month high of $172.43. The stock has a market capitalization of $7.33 billion, a P/E ratio of 53.10, a price-to-earnings-growth ratio of 3.17 and a beta of 2.50.

CAVA Group (NYSE:CAVAGet Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. CAVA Group had a return on equity of 9.83% and a net margin of 12.98%.The firm had revenue of $280.62 million for the quarter, compared to analysts’ expectations of $285.65 million. During the same period last year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, research analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current year.

CAVA Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CAVA Group (NYSE:CAVA)

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