First National Trust Co Invests $248,000 in CAVA Group, Inc. (NYSE:CAVA)

First National Trust Co acquired a new position in shares of CAVA Group, Inc. (NYSE:CAVA) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,000 shares of the company’s stock, valued at approximately $248,000.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of CAVA Group by 6.3% in the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after purchasing an additional 113 shares during the last quarter. GAMMA Investing LLC increased its stake in CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 125 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in CAVA Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock worth $3,632,000 after buying an additional 184 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in shares of CAVA Group by 4.2% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 6,907 shares of the company’s stock worth $641,000 after buying an additional 278 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. bought a new position in shares of CAVA Group in the 2nd quarter valued at about $28,000. Institutional investors own 73.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CAVA. Barclays increased their price target on CAVA Group from $113.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday. William Blair reissued an “outperform” rating on shares of CAVA Group in a report on Wednesday. TD Cowen raised their target price on shares of CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group upped their price target on shares of CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley downgraded shares of CAVA Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $90.00 to $110.00 in a research report on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.57.

CAVA Group Stock Performance

Shares of CAVA opened at $147.31 on Thursday. The firm has a market cap of $16.84 billion, a P/E ratio of 320.24 and a beta of 3.23. CAVA Group, Inc. has a 52 week low of $31.41 and a 52 week high of $172.43. The firm’s 50-day simple moving average is $130.75 and its 200 day simple moving average is $103.50.

CAVA Group (NYSE:CAVA) last posted its earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a return on equity of 9.23% and a net margin of 5.88%. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, equities analysts forecast that CAVA Group, Inc. will post 0.44 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Theodoros Xenohristos sold 98,490 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.77, for a total value of $12,387,087.30. Following the transaction, the director now directly owns 424,846 shares in the company, valued at approximately $53,432,881.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Brett Schulman sold 201,504 shares of CAVA Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.53, for a total value of $25,294,797.12. Following the completion of the sale, the chief executive officer now directly owns 702,590 shares in the company, valued at approximately $88,196,122.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Theodoros Xenohristos sold 98,490 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.77, for a total value of $12,387,087.30. Following the sale, the director now directly owns 424,846 shares in the company, valued at $53,432,881.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 304,994 shares of company stock worth $38,310,084 in the last 90 days. Company insiders own 12.10% of the company’s stock.

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.