CAVA Group, Inc. (NYSE:CAVA) Shares Acquired by Sei Investments Co.

Sei Investments Co. raised its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 131.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 58,928 shares of the company’s stock after buying an additional 33,451 shares during the period. Sei Investments Co.’s holdings in CAVA Group were worth $6,647,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Howard Financial Services LTD. raised its stake in shares of CAVA Group by 1.8% during the 4th quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock worth $699,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock worth $48,000 after acquiring an additional 114 shares during the last quarter. Whittier Trust Co. raised its holdings in CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after acquiring an additional 127 shares in the last quarter. Mainstream Capital Management LLC increased its holdings in CAVA Group by 0.7% in the 4th quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company’s stock valued at $2,003,000 after buying an additional 132 shares during the period. Finally, PSI Advisors LLC increased its stake in CAVA Group by 11.3% in the fourth quarter. PSI Advisors LLC now owns 1,473 shares of the company’s stock valued at $166,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Insider Buying and Selling at CAVA Group

In related news, CFO Tricia K. Tolivar sold 2,086 shares of CAVA Group stock in a transaction dated Tuesday, January 21st. The shares were 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 of the company’s stock, valued at approximately $28,077,854.56. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brett Schulman sold 20,564 shares of the stock in a transaction dated Tuesday, January 21st. The shares were 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 directly owns 776,369 shares in the company, valued at approximately $92,527,657.42. This represents a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,235 shares of company stock worth $3,514,101 over the last 90 days. Company insiders own 12.10% of the company’s stock.

CAVA Group Trading Up 0.8 %

Shares of CAVA opened at $86.53 on Tuesday. The company’s fifty day simple moving average is $107.40 and its 200 day simple moving average is $121.67. CAVA Group, Inc. has a 1-year low of $58.22 and a 1-year high of $172.43. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 188.10 and a beta of 3.58.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $223.34 million. As a group, research analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

CAVA has been the subject of several recent analyst reports. Piper Sandler upgraded CAVA Group from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $142.00 to $115.00 in a research note on Friday, February 28th. Bank of America initiated coverage on CAVA Group in a report on Monday. They set a “buy” rating and a $112.00 price objective on the stock. UBS Group reduced 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 note on Tuesday, January 7th. JPMorgan Chase & Co. upgraded CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price objective for the company in a report on Thursday, March 20th. Finally, Citigroup cut their target price on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.25.

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.