LGT Group Foundation Purchases 3,979 Shares of CAVA Group, Inc. (NYSE:CAVA)

LGT Group Foundation increased its position in CAVA Group, Inc. (NYSE:CAVA) by 65.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,064 shares of the company’s stock after buying an additional 3,979 shares during the quarter. LGT Group Foundation’s holdings in CAVA Group were worth $1,135,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new position in CAVA Group in the 4th quarter worth $25,000. Allworth Financial LP boosted its holdings in shares of CAVA Group by 369.2% during the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock valued at $30,000 after purchasing an additional 192 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of CAVA Group during the 4th quarter valued at about $47,000. GAMMA Investing LLC boosted its holdings in shares of CAVA Group by 37.0% during the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after purchasing an additional 114 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of CAVA Group during the 4th quarter valued at about $49,000. Institutional investors own 73.15% of the company’s stock.

CAVA Group Price Performance

CAVA Group stock opened at $87.55 on Tuesday. CAVA Group, Inc. has a 1-year low of $56.03 and a 1-year high of $172.43. The firm has a market capitalization of $10.12 billion, a P/E ratio of 190.33 and a beta of 3.25. The company’s 50-day moving average is $120.12 and its 200 day moving average is $125.93.

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

Insiders Place Their Bets

In other CAVA Group news, CEO Brett Schulman sold 20,564 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $2,450,817.52. Following the transaction, the chief executive officer now directly owns 776,369 shares in the company, valued at $92,527,657.42. This represents a 2.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald M. Shaich sold 622,549 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the completion of the transaction, the director now owns 6,307 shares in the company, valued at $942,265.80. This represents a 99.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 651,784 shares of company stock worth $96,522,922 in the last three months. Corporate insiders own 12.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CAVA shares. Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $142.00 to $115.00 in a report on Friday. Robert W. Baird increased their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. UBS Group decreased their target price on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, TD Securities decreased their target price on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.47.

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.