CAVA Group, Inc. (NYSE:CAVA) Stock Holdings Increased by Conway Capital Management Inc.

Conway Capital Management Inc. lifted its holdings in CAVA Group, Inc. (NYSE:CAVA) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,325 shares of the company’s stock after acquiring an additional 4,725 shares during the quarter. CAVA Group accounts for 2.5% of Conway Capital Management Inc.’s holdings, making the stock its 10th biggest position. Conway Capital Management Inc.’s holdings in CAVA Group were worth $5,564,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CAVA. SpiderRock Advisors LLC grew its stake in shares of CAVA Group by 8.9% during the 3rd quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock worth $59,364,000 after purchasing an additional 39,319 shares during the period. Xponance Inc. lifted its stake in CAVA Group by 95.2% in the 2nd quarter. Xponance Inc. now owns 9,846 shares of the company’s stock valued at $913,000 after buying an additional 4,803 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CAVA Group by 262.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock worth $63,918,000 after acquiring an additional 373,835 shares during the last quarter. PFG Investments LLC boosted its stake in CAVA Group by 36.8% during the 3rd quarter. PFG Investments LLC now owns 15,907 shares of the company’s stock worth $1,970,000 after purchasing an additional 4,275 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of CAVA Group during the third quarter worth $1,293,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Insider Transactions at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 851 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $101,422.18. Following the completion of the sale, the insider now directly owns 358,995 shares of the company’s stock, valued at approximately $42,785,024.10. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tricia K. Tolivar sold 2,086 shares of CAVA Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $248,609.48. Following the completion of the transaction, the chief financial officer now owns 235,592 shares in the company, valued at $28,077,854.56. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 676,050 shares of company stock worth $100,043,120. Corporate insiders own 12.10% of the company’s stock.

CAVA Group Stock Up 0.6 %

CAVA stock opened at $124.14 on Friday. The stock has a market cap of $14.22 billion, a price-to-earnings ratio of 269.87 and a beta of 3.21. CAVA Group, Inc. has a fifty-two week low of $44.80 and a fifty-two week high of $172.43. The business has a 50 day moving average price of $126.66 and a 200 day moving average price of $118.09.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share 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 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 company’s revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. As a group, sell-side analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Analyst Ratings Changes

CAVA has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Piper Sandler upped their price target on CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. William Blair reiterated an “outperform” rating on shares of CAVA Group in a research report on Wednesday, November 13th. Citigroup upped their target price on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, Wedbush lifted their price target on CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $142.13.

CAVA Group Company 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.