CAVA Group, Inc. (NYSE:CAVA) Shares Purchased by Evoke Wealth LLC

Evoke Wealth LLC lifted its position in CAVA Group, Inc. (NYSE:CAVA) by 97.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,061 shares of the company’s stock after purchasing an additional 2,497 shares during the period. Evoke Wealth LLC’s holdings in CAVA Group were worth $571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nwam LLC increased its holdings in CAVA Group by 2.6% in the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after acquiring an additional 85 shares in the last quarter. Howard Financial Services LTD. increased its holdings in CAVA Group by 1.8% in the 4th quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock worth $699,000 after acquiring an additional 109 shares in the last quarter. CIBC Asset Management Inc increased its holdings in CAVA Group by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock worth $407,000 after acquiring an additional 110 shares in the last quarter. GAMMA Investing LLC increased its holdings in CAVA Group by 37.0% in the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock worth $48,000 after acquiring an additional 114 shares in the last quarter. Finally, Mainstream Capital Management LLC increased its holdings in CAVA Group by 0.7% in the 4th quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company’s stock worth $2,003,000 after acquiring an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CAVA has been the subject of several recent analyst reports. UBS Group cut their price target on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. TD Securities dropped their target price on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $142.00 to $115.00 in a report on Friday, February 28th. Citigroup dropped their target price on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, CAVA Group currently has an average rating of “Moderate Buy” and a consensus price target of $131.47.

Insider Buying and Selling at CAVA Group

In other news, CFO Tricia K. Tolivar sold 1,505 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $187,206.95. Following the sale, the chief financial officer now owns 234,087 shares of the company’s stock, valued at approximately $29,118,081.93. This represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kenneth Robert Bertram sold 678 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $84,336.42. Following the sale, the insider now directly owns 57,312 shares in the company, valued at $7,129,039.68. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,235 shares of company stock valued at $3,514,101 over the last 90 days. 12.10% of the stock is owned by insiders.

CAVA Group Trading Down 2.3 %

Shares of CAVA stock opened at $76.76 on Wednesday. The company’s 50-day moving average price is $112.56 and its 200-day moving average price is $123.66. CAVA Group, Inc. has a twelve month low of $58.22 and a twelve month high of $172.43. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 166.86 and a beta of 3.58.

CAVA Group (NYSE:CAVA) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The company had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. As a group, equities research analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current year.

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.