CAVA Group, Inc. (NYSE:CAVA) Stock Position Raised by Dakota Wealth Management

Dakota Wealth Management grew its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,130 shares of the company’s stock after buying an additional 1,260 shares during the quarter. Dakota Wealth Management’s holdings in CAVA Group were worth $3,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CAVA. Nwam LLC grew its position in CAVA Group by 2.6% in the third 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. boosted its holdings in CAVA Group by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock worth $699,000 after purchasing an additional 109 shares in the last quarter. CIBC Asset Management Inc increased its position in CAVA Group by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock worth $407,000 after buying an additional 110 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in CAVA Group by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after buying an additional 113 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock worth $48,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Analyst Upgrades and Downgrades

CAVA has been the topic of a number of recent analyst reports. UBS Group cut their price objective on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. TD Cowen lifted their price target on shares of CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Robert W. Baird upped their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Stifel Nicolaus lifted their target price on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Piper Sandler upped their price target on shares of CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Eight investment 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 company has an average rating of “Moderate Buy” and an average price target of $142.13.

Insider Activity

In other news, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the completion of the sale, the director now owns 6,307 shares in the company, valued at $942,265.80. The trade was a 99.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Karen Kochevar sold 15,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the transaction, the director now owns 1,307 shares in the company, valued at $182,980. This represents a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 652,549 shares of company stock valued at $97,242,271 over the last three months. 12.10% of the stock is owned by insiders.

CAVA Group Stock Performance

NYSE:CAVA opened at $123.51 on Thursday. The company has a 50-day moving average of $126.66 and a 200-day moving average of $118.09. CAVA Group, Inc. has a 52 week low of $44.80 and a 52 week high of $172.43. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 268.51 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last issued 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 net margin of 5.88% and a return on equity of 9.10%. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. Sell-side analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

About CAVA Group

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.