Sentry Investment Management LLC Purchases 704 Shares of CAVA Group, Inc. (NYSE:CAVA)

Sentry Investment Management LLC raised its position in CAVA Group, Inc. (NYSE:CAVA) by 16.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,872 shares of the company’s stock after acquiring an additional 704 shares during the quarter. Sentry Investment Management LLC’s holdings in CAVA Group were worth $603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC lifted its holdings in shares of CAVA Group by 69.1% during the 1st quarter. Private Advisor Group LLC now owns 33,619 shares of the company’s stock valued at $2,355,000 after purchasing an additional 13,739 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in CAVA Group by 82.9% in the first quarter. Janney Montgomery Scott LLC now owns 41,959 shares of the company’s stock worth $2,939,000 after acquiring an additional 19,012 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of CAVA Group during the first quarter valued at about $1,008,000. Mitchell Capital Management Co. raised its position in shares of CAVA Group by 43.6% in the 1st quarter. Mitchell Capital Management Co. now owns 121,706 shares of the company’s stock valued at $8,526,000 after purchasing an additional 36,974 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in CAVA Group in the 1st quarter worth approximately $6,160,000. 73.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CAVA. Morgan Stanley lowered shares of CAVA Group from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $90.00 to $110.00 in a research note on Thursday, August 29th. Stifel Nicolaus lifted their price target on CAVA Group from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Jefferies Financial Group raised their price objective on CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Citigroup upped their target price on CAVA Group from $115.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, TD Cowen upped their price objective on shares of CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.36.

CAVA Group Stock Up 0.4 %

NYSE:CAVA opened at $132.12 on Tuesday. The stock has a market capitalization of $15.10 billion, a PE ratio of 357.08 and a beta of 3.23. CAVA Group, Inc. has a 52 week low of $29.66 and a 52 week high of $141.25. The stock’s 50-day moving average price is $126.77 and its 200-day moving average price is $99.81.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $233.50 million for the quarter, compared to analyst estimates of $219.47 million. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. CAVA Group’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Sell-side analysts expect that CAVA Group, Inc. will post 0.44 earnings per share for the current fiscal year.

Insider Activity at CAVA Group

In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.64, for a total transaction of $628,200.00. Following the completion of the transaction, the chief financial officer now directly owns 292,600 shares in the company, valued at approximately $36,762,264. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Theodoros Xenohristos sold 98,490 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.77, for a total value of $12,387,087.30. Following the completion of the transaction, the director now directly owns 424,846 shares of the company’s stock, valued at approximately $53,432,881.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at $36,762,264. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 304,994 shares of company stock valued at $38,310,084. 12.10% of the stock is owned by company insiders.

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.