CAVA Group, Inc. (NYSE:CAVA) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 247.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 172,428 shares of the company’s stock after acquiring an additional 122,801 shares during the period. CAVA Group comprises approximately 0.7% of Quantbot Technologies LP’s holdings, making the stock its 4th largest position. Quantbot Technologies LP’s holdings in CAVA Group were worth $19,450,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CAVA. Arcadia Investment Management Corp MI purchased a new position in CAVA Group during the fourth quarter worth about $25,000. Allworth Financial LP lifted its position in shares of CAVA Group by 369.2% during the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after buying an additional 192 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of CAVA Group by 274.0% in the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of CAVA Group by 80.9% in the fourth 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. Finally, Signaturefd LLC increased its position in shares of CAVA Group by 884.4% during the fourth quarter. Signaturefd LLC now owns 315 shares of the company’s stock valued at $36,000 after acquiring an additional 283 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CAVA has been the subject of a number of recent analyst reports. William Blair restated an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. Morgan Stanley raised their price objective on shares of CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. UBS Group dropped 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. Barclays decreased their price target on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Finally, Sanford C. Bernstein assumed coverage on CAVA Group in a research note on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.47.

CAVA Group Stock Performance

Shares of CAVA Group stock opened at $73.93 on Friday. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 160.72 and a beta of 3.58. The company has a fifty day moving average of $114.84 and a 200-day moving average of $124.40. CAVA Group, Inc. has a 52-week low of $58.22 and a 52-week high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $227.40 million for the quarter, compared to the consensus estimate of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. On average, equities research analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Brett Schulman sold 20,564 shares of the company’s 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 of the company’s stock, valued at approximately $92,527,657.42. This represents a 2.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Tricia K. Tolivar sold 2,086 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $248,609.48. Following the transaction, the chief financial officer now owns 235,592 shares in the company, valued at approximately $28,077,854.56. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,235 shares of company stock valued at $3,514,101. 12.10% of the stock is currently owned by company insiders.

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.