CAVA Group, Inc. (NYSE:CAVA) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. raised its position in CAVA Group, Inc. (NYSE:CAVA) by 2.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,079 shares of the company’s stock after purchasing an additional 215 shares during the period. Great Valley Advisor Group Inc.’s holdings in CAVA Group were worth $1,124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAVA. Nwam LLC grew its position in shares of CAVA Group by 2.6% in the third quarter. Nwam LLC now owns 3,368 shares of the company’s stock valued at $417,000 after purchasing an additional 85 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in CAVA Group during the third quarter worth $241,000. Eagle Asset Management Inc. grew its holdings in CAVA Group by 233.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 398,991 shares of the company’s stock valued at $49,415,000 after buying an additional 279,306 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of CAVA Group by 262.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock worth $63,918,000 after acquiring an additional 373,835 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of CAVA Group during the 3rd quarter worth $495,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

Insider Activity at CAVA Group

In related news, Director Karen Kochevar sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total value of $2,133,450.00. Following the sale, the director now owns 1,307 shares of the company’s stock, valued at $185,894.61. This trade represents a 91.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CAVA has been the subject of several recent analyst reports. Stifel Nicolaus raised their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. William Blair restated an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. Jefferies Financial Group upped their price objective on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. raised their target price on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Argus upped their price target on CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, CAVA Group has a consensus rating of “Moderate Buy” and an average target price of $143.80.

CAVA Group Stock Performance

NYSE CAVA opened at $142.56 on Tuesday. The firm has a market cap of $16.33 billion, a price-to-earnings ratio of 309.91 and a beta of 3.23. The firm has a 50 day simple moving average of $133.66 and a 200-day simple moving average of $107.15. CAVA Group, Inc. has a one year low of $31.47 and a one year high of $172.43.

CAVA Group (NYSE:CAVA) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm’s revenue was up 38.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. Equities analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal 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.