Trillium Asset Management LLC Purchases 24,441 Shares of CAVA Group, Inc. $CAVA

Trillium Asset Management LLC raised its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 48.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,987 shares of the company’s stock after buying an additional 24,441 shares during the quarter. Trillium Asset Management LLC owned about 0.06% of CAVA Group worth $6,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in CAVA Group by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 9,065,782 shares of the company’s stock valued at $783,374,000 after buying an additional 1,054,180 shares in the last quarter. Jennison Associates LLC grew its holdings in CAVA Group by 246.1% during the 1st quarter. Jennison Associates LLC now owns 8,519,459 shares of the company’s stock valued at $736,166,000 after buying an additional 6,057,727 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in CAVA Group by 114.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,394,561 shares of the company’s stock valued at $206,915,000 after buying an additional 1,277,912 shares in the last quarter. Alliancebernstein L.P. grew its holdings in CAVA Group by 2,072.1% during the 1st quarter. Alliancebernstein L.P. now owns 852,691 shares of the company’s stock valued at $73,681,000 after buying an additional 813,434 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in CAVA Group during the 1st quarter valued at approximately $72,800,000. 73.15% of the stock is owned by hedge funds and other institutional investors.

CAVA Group Stock Down 2.3%

NYSE CAVA opened at $50.49 on Thursday. The company has a fifty day moving average of $62.73 and a two-hundred day moving average of $76.44. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 2.98 and a beta of 2.47. CAVA Group, Inc. has a 52 week low of $49.62 and a 52 week high of $172.43.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $292.24 million for the quarter, compared to analysts’ expectations of $292.88 million. CAVA Group had a return on equity of 9.02% and a net margin of 12.14%.The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. Equities research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CAVA. Bank of America cut their price objective on shares of CAVA Group from $121.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Argus set a $76.00 target price on shares of CAVA Group in a report on Tuesday, September 2nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $68.00 target price on shares of CAVA Group in a report on Wednesday. Mizuho raised shares of CAVA Group to a “hold” rating in a report on Tuesday, October 28th. Finally, Melius began coverage on shares of CAVA Group in a report on Monday, July 14th. They issued a “hold” rating and a $95.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.55.

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.