RiverPark Advisors LLC Has $100,000 Position in CAVA Group, Inc. (NYSE:CAVA)

RiverPark Advisors LLC reduced its holdings in CAVA Group, Inc. (NYSE:CAVA) by 46.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 810 shares of the company’s stock after selling 708 shares during the quarter. RiverPark Advisors LLC’s holdings in CAVA Group were worth $100,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. CIBC Asset Management Inc lifted its holdings in CAVA Group by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after buying an additional 110 shares during the period. Farther Finance Advisors LLC raised its holdings in CAVA Group by 6.3% in the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock worth $237,000 after purchasing an additional 113 shares during the period. GAMMA Investing LLC raised its holdings in CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 125 shares during the period. Dimensional Fund Advisors LP raised its holdings in CAVA Group by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock worth $3,632,000 after purchasing an additional 184 shares during the period. Finally, Jaffetilchin Investment Partners LLC raised its holdings in CAVA Group by 4.2% in the second quarter. Jaffetilchin Investment Partners LLC now owns 6,907 shares of the company’s stock worth $641,000 after purchasing an additional 278 shares during the period. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CAVA Group

In other news, Director Theodoros Xenohristos sold 98,490 shares of CAVA Group stock in a transaction dated Monday, August 26th. The shares were 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 owns 424,846 shares of the company’s stock, valued at $53,432,881.42. This trade represents a 18.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction dated 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 of the company’s stock, valued at approximately $36,762,264. This trade represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 304,994 shares of company stock valued at $38,310,084. Corporate insiders own 12.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CAVA. TD Securities increased their target price on shares of CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. increased their target price on shares of CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley increased their target price on shares of CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup increased their target price on shares of CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, UBS Group started coverage on shares of CAVA Group in a report on Friday, September 27th. They set a “neutral” rating and a $135.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.71.

CAVA Group Trading Up 2.2 %

CAVA Group stock opened at $141.38 on Friday. The company has a market cap of $16.20 billion, a P/E ratio of 307.35 and a beta of 3.23. CAVA Group, Inc. has a 1-year low of $31.47 and a 1-year high of $172.43. The company has a fifty day simple moving average of $131.69 and a 200 day simple moving average of $104.46.

CAVA Group (NYSE:CAVA) last released its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. On average, equities research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

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.