3,800 Shares in CAVA Group, Inc. (NYSE:CAVA) Acquired by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,800 shares of the company’s stock, valued at approximately $429,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI purchased a new position in CAVA Group in the fourth quarter valued at $25,000. Allworth Financial LP grew its position in shares of CAVA Group by 369.2% during the fourth 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 increased its stake in shares of CAVA Group by 274.0% during the fourth 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 period. Whittier Trust Co. raised its holdings in 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 lifted its stake in CAVA Group by 884.4% in the fourth quarter. Signaturefd LLC now owns 315 shares of the company’s stock worth $36,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CAVA shares. Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of CAVA Group in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upgraded CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price objective on the stock in a report on Thursday. TD Securities cut their target price on CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Piper Sandler raised CAVA Group from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $142.00 to $115.00 in a report on Friday, February 28th. Finally, William Blair reissued an “outperform” rating on shares of CAVA Group in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.47.

Insider Buying and Selling at CAVA Group

In other news, insider Theodoros Xenohristos sold 851 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $101,422.18. Following the transaction, the insider now directly owns 358,995 shares in the company, valued at $42,785,024.10. This represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Adam David Phillips sold 615 shares of CAVA Group 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 completion of the transaction, the chief accounting officer now owns 10,884 shares in the company, valued at approximately $1,353,860.76. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,235 shares of company stock worth $3,514,101. Insiders own 12.10% of the company’s stock.

CAVA Group Stock Performance

Shares of NYSE:CAVA opened at $83.59 on Monday. CAVA Group, Inc. has a one year low of $58.22 and a one year high of $172.43. The business’s fifty day moving average price is $110.68 and its two-hundred day moving average price is $123.02. The stock has a market cap of $9.66 billion, a PE ratio of 181.71 and a beta of 3.58.

CAVA Group (NYSE:CAVA) last released its earnings results 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 firm had revenue of $227.40 million during the quarter, compared to analysts’ expectations of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. As a group, equities research analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal 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.