Financial Engines Advisors L.L.C. Buys 601 Shares of CAVA Group, Inc. (NYSE:CAVA)

Financial Engines Advisors L.L.C. raised its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,137 shares of the company’s stock after acquiring an additional 601 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in CAVA Group were worth $2,610,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CAVA. Arcadia Investment Management Corp MI acquired a new position in CAVA Group in the fourth quarter valued at about $25,000. Allworth Financial LP boosted its holdings in shares of CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after acquiring an additional 192 shares in the last quarter. Larson Financial Group LLC grew its position in CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Whittier Trust Co. increased its holdings in CAVA Group by 80.9% during the 4th quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Finally, Signaturefd LLC raised its position in CAVA Group by 884.4% in the 4th quarter. Signaturefd LLC now owns 315 shares of the company’s stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Adam David Phillips sold 615 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the sale, the chief accounting officer now directly owns 10,884 shares in the company, valued at $1,353,860.76. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brett Schulman sold 20,564 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 776,369 shares in the company, valued at $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 sold 29,235 shares of company stock worth $3,514,101 over the last ninety days. 12.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Loop Capital lowered their target price on CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Barclays reduced their target price on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price target for the company in a report on Thursday, March 20th. Piper Sandler raised CAVA Group from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $142.00 to $115.00 in a report on Friday, February 28th. Finally, Wedbush restated an “outperform” rating and set a $150.00 target price on shares of CAVA Group in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, CAVA Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.47.

CAVA Group Price Performance

CAVA Group stock opened at $86.69 on Thursday. CAVA Group, Inc. has a fifty-two week low of $58.22 and a fifty-two week high of $172.43. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 188.46 and a beta of 3.58. The company’s 50 day simple moving average is $109.26 and its 200 day simple moving average is $122.40.

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

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.