Dakota Wealth Management Purchases 1,260 Shares of CAVA Group, Inc. (NYSE:CAVA)

Dakota Wealth Management lifted its position in CAVA Group, Inc. (NYSE:CAVA) by 4.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,130 shares of the company’s stock after buying an additional 1,260 shares during the period. Dakota Wealth Management’s holdings in CAVA Group were worth $3,060,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. bought a new position in shares of CAVA Group during the 2nd quarter valued at about $309,000. Dimensional Fund Advisors LP boosted its holdings in shares of CAVA Group by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock valued at $3,632,000 after buying an additional 184 shares during the period. Amalgamated Bank increased its position in shares of CAVA Group by 76.5% during the second quarter. Amalgamated Bank now owns 5,098 shares of the company’s stock worth $473,000 after acquiring an additional 2,210 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of CAVA Group during the second quarter worth $257,000. Finally, Public Employees Retirement Association of Colorado bought a new stake in CAVA Group in the 2nd quarter valued at $396,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Trading Up 2.5 %

CAVA opened at $123.51 on Thursday. The company’s 50 day moving average is $126.66 and its 200-day moving average is $118.09. The company has a market cap of $14.15 billion, a P/E ratio of 268.51 and a beta of 3.21. CAVA Group, Inc. has a 1-year low of $44.80 and a 1-year high of $172.43.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm 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 firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. On average, equities analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Buying and Selling

In related news, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the transaction, the director now owns 1,307 shares of the company’s stock, valued at $182,980. The trade was a 91.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the transaction, the director now owns 6,307 shares in the company, valued at approximately $942,265.80. This trade represents a 99.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 652,549 shares of company stock valued at $97,242,271 over the last 90 days. Company insiders own 12.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CAVA shares. Sanford C. Bernstein assumed coverage on CAVA Group in a report on Wednesday, November 20th. They set a “market perform” rating and a $145.00 target price for the company. Stifel Nicolaus upped their price objective on CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Barclays dropped their target price on CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Loop Capital raised their price target on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.13.

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.