Napa Wealth Management Grows Position in CAVA Group, Inc. (NYSE:CAVA)

Napa Wealth Management boosted its position in CAVA Group, Inc. (NYSE:CAVA) by 29.1% in the 3rd quarter, Holdings Channel reports. The fund owned 5,197 shares of the company’s stock after purchasing an additional 1,172 shares during the period. Napa Wealth Management’s holdings in CAVA Group were worth $644,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CAVA. Jamison Private Wealth Management Inc. purchased a new stake in CAVA Group during the 2nd quarter worth $28,000. Nemes Rush Group LLC acquired a new position in CAVA Group during the 2nd quarter worth approximately $28,000. GAMMA Investing LLC boosted its holdings in CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 125 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of CAVA Group during the second quarter valued at approximately $36,000. Finally, Headlands Technologies LLC acquired a new position in shares of CAVA Group during the second quarter worth $37,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CAVA Group

In other news, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.64, for a total transaction of $628,200.00. Following the completion of the sale, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at $36,762,264. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brett Schulman sold 201,504 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.53, for a total transaction of $25,294,797.12. Following the sale, the chief executive officer now directly owns 702,590 shares in the company, valued at approximately $88,196,122.70. This trade represents a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 304,994 shares of company stock worth $38,310,084. 12.10% of the stock is owned by company insiders.

CAVA Group Price Performance

NYSE:CAVA opened at $136.26 on Monday. The firm has a market capitalization of $15.61 billion, a P/E ratio of 307.35 and a beta of 3.23. The business has a 50 day simple moving average of $131.69 and a 200 day simple moving average of $104.46. CAVA Group, Inc. has a 12-month low of $31.47 and a 12-month high of $172.43.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping 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 net margin of 5.88% and a return on equity of 9.10%. The company’s quarterly revenue was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Loop Capital upped their price objective on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday. Stifel Nicolaus increased their price target on CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. William Blair restated an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. Citigroup increased their target price on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group raised their price objective on shares of CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.71.

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.