CAVA Group, Inc. (NYSE:CAVA) Position Boosted by Schroder Investment Management Group

Schroder Investment Management Group lifted its stake in CAVA Group, Inc. (NYSE:CAVA) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,434 shares of the company’s stock after purchasing an additional 3,075 shares during the quarter. Schroder Investment Management Group’s holdings in CAVA Group were worth $6,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in CAVA. The Manufacturers Life Insurance Company boosted its position in CAVA Group by 5.5% during the third quarter. The Manufacturers Life Insurance Company now owns 22,162 shares of the company’s stock valued at $2,745,000 after purchasing an additional 1,155 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CAVA Group by 31.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,470 shares of the company’s stock valued at $1,297,000 after buying an additional 2,511 shares in the last quarter. Captrust Financial Advisors increased its holdings in CAVA Group by 17.6% in the third quarter. Captrust Financial Advisors now owns 9,173 shares of the company’s stock worth $1,136,000 after buying an additional 1,372 shares during the last quarter. Janus Henderson Group PLC lifted its stake in CAVA Group by 21.4% in the third quarter. Janus Henderson Group PLC now owns 25,500 shares of the company’s stock valued at $3,157,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in CAVA Group by 10.1% in the third quarter. Integrated Wealth Concepts LLC now owns 6,390 shares of the company’s stock worth $791,000 after acquiring an additional 585 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CAVA. Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $142.00 to $115.00 in a research note on Friday, February 28th. William Blair reiterated an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price objective on the stock in a research note on Thursday, March 20th. Bank of America began coverage on CAVA Group in a research report on Monday, March 31st. They set a “buy” rating and a $112.00 target price for the company. Finally, Citigroup reduced their price objective on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, CAVA Group has an average rating of “Moderate Buy” and an average target price of $130.25.

CAVA Group Trading Down 10.5 %

Shares of NYSE:CAVA opened at $75.30 on Friday. The firm has a market capitalization of $8.70 billion, a PE ratio of 163.70 and a beta of 3.58. CAVA Group, Inc. has a 1-year low of $58.22 and a 1-year high of $172.43. The business’s 50 day moving average is $104.28 and its 200-day moving average is $120.62.

CAVA Group (NYSE:CAVA) last posted 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). CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business had revenue of $227.40 million for the quarter, compared to analyst estimates of $223.34 million. On average, sell-side analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Activity at CAVA Group

In related news, CAO Adam David Phillips sold 615 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $76,499.85. Following the sale, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at $1,353,860.76. The trade was a 5.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $101,422.18. Following the transaction, the insider now owns 358,995 shares of the company’s stock, valued at $42,785,024.10. This represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,235 shares of company stock valued at $3,514,101 over the last quarter. 12.10% of the stock is 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.