Robbins Farley Acquires 11,843 Shares of CAVA Group, Inc. (NYSE:CAVA)

Robbins Farley lifted its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 97.2% in the 4th quarter, Holdings Channel reports. The fund owned 24,027 shares of the company’s stock after acquiring an additional 11,843 shares during the quarter. Robbins Farley’s holdings in CAVA Group were worth $2,710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CAVA. GAMMA Investing LLC grew its position in CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares in the last quarter. R Squared Ltd bought a new stake in shares of CAVA Group in the fourth quarter valued at about $49,000. Sunbelt Securities Inc. acquired a new position in shares of CAVA Group during the 3rd quarter worth approximately $50,000. Burkett Financial Services LLC acquired a new position in CAVA Group in the 4th quarter valued at $56,000. Finally, Geneos Wealth Management Inc. bought a new stake in CAVA Group during the fourth quarter worth about $63,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CAVA. Barclays cut their target price on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus lifted their price target on CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wedbush upped their price objective on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Piper Sandler lifted their target price on shares of CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Finally, Citigroup upped their price target on shares of CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.13.

CAVA Group Stock Up 1.9 %

NYSE:CAVA opened at $137.57 on Tuesday. CAVA Group, Inc. has a twelve month low of $47.68 and a twelve month high of $172.43. The stock has a market cap of $15.76 billion, a P/E ratio of 299.07 and a beta of 3.25. The firm’s fifty day simple moving average is $125.06 and its 200 day simple moving average is $120.41.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $243.82 million during the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. On average, analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Insider Activity at CAVA Group

In other news, insider Theodoros Xenohristos sold 851 shares of the business’s stock in a transaction 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 transaction, the insider now owns 358,995 shares in the company, valued at $42,785,024.10. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kenneth Robert Bertram sold 678 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $84,336.42. Following the transaction, the insider now directly owns 57,312 shares of the company’s stock, valued at $7,129,039.68. The trade was a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 681,784 shares of company stock valued at $100,756,372 in the last 90 days. Corporate 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.