Financial Engines Advisors L.L.C. Has $2.61 Million Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Financial Engines Advisors L.L.C. boosted its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,137 shares of the company’s stock after buying an additional 601 shares during the period. Financial Engines Advisors L.L.C.’s holdings in CAVA Group were worth $2,610,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Trust Investment Advisors increased its holdings in shares of CAVA Group by 42.9% in the 4th quarter. Trust Investment Advisors now owns 5,490 shares of the company’s stock valued at $619,000 after purchasing an additional 1,647 shares during the period. Prudential Financial Inc. increased its stake in CAVA Group by 149.1% in the 4th quarter. Prudential Financial Inc. now owns 241,050 shares of the company’s stock valued at $27,190,000 after buying an additional 144,278 shares during the period. Cannon Global Investment Management LLC purchased a new stake in CAVA Group in the 4th quarter worth approximately $429,000. Vanguard Group Inc. boosted its stake in shares of CAVA Group by 20.4% during the 4th quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company’s stock valued at $903,709,000 after buying an additional 1,357,187 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of CAVA Group by 24.7% during the 4th quarter. LPL Financial LLC now owns 145,130 shares of the company’s stock valued at $16,371,000 after acquiring an additional 28,787 shares in the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Adam David Phillips sold 615 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $76,499.85. Following the sale, the chief accounting officer now directly owns 10,884 shares in the company, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brett Schulman sold 2,936 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $365,209.04. Following the completion of the transaction, the chief executive officer now directly owns 773,433 shares of the company’s stock, valued at approximately $96,207,330.87. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,235 shares of company stock valued at $3,514,101. Insiders own 12.10% of the company’s stock.

CAVA Group Stock Down 4.0 %

CAVA opened at $86.69 on Thursday. CAVA Group, Inc. has a 12-month low of $58.22 and a 12-month high of $172.43. The firm has a market capitalization of $10.02 billion, a P/E ratio of 188.46 and a beta of 3.58. The stock’s 50 day moving average price is $109.26 and its two-hundred day moving average price is $122.40.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on CAVA shares. William Blair reissued an “outperform” rating on shares of CAVA Group in a research report on Wednesday, February 26th. Loop Capital reduced their price target on CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Citigroup lowered their price target on CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Barclays reduced their target price on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Finally, TD Securities dropped their price target on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CAVA Group currently has a consensus rating of “Moderate Buy” and an average target price of $131.47.

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.