CAVA Group, Inc. (NYSE:CAVA) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. grew its position in CAVA Group, Inc. (NYSE:CAVA) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,079 shares of the company’s stock after purchasing an additional 215 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in CAVA Group were worth $1,124,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Jamison Private Wealth Management Inc. purchased a new position in CAVA Group during the 2nd quarter worth $28,000. Nemes Rush Group LLC purchased a new stake in shares of CAVA Group during the second quarter worth about $28,000. GAMMA Investing LLC increased its holdings 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 acquiring an additional 125 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in CAVA Group in the 2nd quarter worth approximately $36,000. Finally, Headlands Technologies LLC acquired a new stake in CAVA Group in the 2nd quarter worth approximately $37,000. 73.15% of the stock is owned by institutional investors and hedge funds.

CAVA Group Stock Performance

Shares of CAVA Group stock opened at $142.56 on Tuesday. The firm has a 50-day simple moving average of $133.66 and a two-hundred day simple moving average of $107.15. CAVA Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $172.43. The company has a market cap of $16.33 billion, a P/E ratio of 309.91 and a beta of 3.23.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $243.82 million during the quarter, compared to analysts’ expectations of $233.05 million. During the same quarter in the prior year, the firm posted $0.06 EPS. CAVA Group’s quarterly revenue was up 38.9% compared to the same quarter last year. Equities research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Activity

In other news, Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 12.10% of the company’s stock.

Analysts Set New Price Targets

CAVA has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Robert W. Baird raised their target price on CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Wedbush boosted their price target on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. TD Cowen raised their price objective on CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their target price on CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $143.80.

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.