Key Client Fiduciary Advisors LLC Buys 202 Shares of CAVA Group, Inc. (NYSE:CAVA)

Key Client Fiduciary Advisors LLC grew its stake in CAVA Group, Inc. (NYSE:CAVA) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,356 shares of the company’s stock after purchasing an additional 202 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in CAVA Group were worth $604,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Nemes Rush Group LLC bought a new position in CAVA Group during the 2nd quarter valued at $28,000. GAMMA Investing LLC lifted its position in shares of CAVA Group by 68.3% during the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in CAVA Group during the third quarter worth about $50,000. Burkett Financial Services LLC bought a new stake in CAVA Group in the 4th quarter worth about $56,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in CAVA Group by 98.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 875 shares of the company’s stock valued at $81,000 after buying an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Piper Sandler upped their price objective on CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Wedbush lifted their target price on CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. William Blair restated an “outperform” rating on shares of CAVA Group in a research report on Wednesday, November 13th. Finally, Loop Capital lifted their price objective on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.13.

Insider Activity

In other news, CFO Tricia K. Tolivar sold 2,086 shares of CAVA Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $248,609.48. Following the completion of the sale, the chief financial officer now owns 235,592 shares in the company, valued at approximately $28,077,854.56. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brett Schulman sold 20,564 shares of the company’s 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 $2,450,817.52. Following the completion of the transaction, the chief executive officer now owns 776,369 shares in the company, valued at approximately $92,527,657.42. This trade represents a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 676,050 shares of company stock worth $100,043,120 in the last three months. Corporate insiders own 12.10% of the company’s stock.

CAVA Group Price Performance

NYSE:CAVA opened at $124.14 on Friday. CAVA Group, Inc. has a 1 year low of $44.80 and a 1 year high of $172.43. The stock’s fifty day moving average price is $126.66 and its two-hundred day moving average price is $118.09. The company has a market cap of $14.22 billion, a P/E ratio of 269.87 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last issued its 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. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s revenue was up 38.9% compared to the same quarter last year. On average, analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

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.