CAVA Group, Inc. (NYSE:CAVA) Shares Purchased by Xponance Inc.

Xponance Inc. increased its stake in CAVA Group, Inc. (NYSE:CAVA) by 95.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,846 shares of the company’s stock after purchasing an additional 4,803 shares during the period. Xponance Inc.’s holdings in CAVA Group were worth $913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Capital Research Global Investors grew its holdings in shares of CAVA Group by 21.6% during the first quarter. Capital Research Global Investors now owns 5,311,335 shares of the company’s stock valued at $372,059,000 after buying an additional 942,054 shares during the last quarter. Vanguard Group Inc. lifted its position in CAVA Group by 215.7% during the 1st quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company’s stock worth $346,330,000 after acquiring an additional 3,377,840 shares during the period. 1832 Asset Management L.P. grew its stake in CAVA Group by 79.5% during the 4th quarter. 1832 Asset Management L.P. now owns 2,248,400 shares of the company’s stock valued at $96,636,000 after purchasing an additional 995,800 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of CAVA Group by 55.9% in the first quarter. Lord Abbett & CO. LLC now owns 1,373,749 shares of the company’s stock worth $96,231,000 after purchasing an additional 492,667 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of CAVA Group by 9.7% during the second quarter. Federated Hermes Inc. now owns 1,060,029 shares of the company’s stock worth $98,318,000 after purchasing an additional 93,635 shares during the period. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CAVA shares. Loop Capital increased their price target on shares of CAVA Group from $80.00 to $122.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Jefferies Financial Group increased their price objective on shares of CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Barclays boosted their target price on shares of CAVA Group from $72.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Citigroup increased their price target on CAVA Group from $93.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, Stifel Nicolaus boosted their price objective on CAVA Group from $90.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 19th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.64.

CAVA Group Price Performance

Shares of NYSE:CAVA opened at $123.76 on Friday. The business’s 50 day moving average price is $105.19 and its 200-day moving average price is $87.27. CAVA Group, Inc. has a 1 year low of $29.05 and a 1 year high of $131.82. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 301.86 and a beta of 3.34.

CAVA Group (NYSE:CAVA) last announced its earnings results on Thursday, August 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $233.50 million for the quarter, compared to analyst estimates of $219.47 million. CAVA Group had a net margin of 5.04% and a return on equity of 7.37%. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 earnings per share. On average, sell-side analysts expect that CAVA Group, Inc. will post 0.43 earnings per share for the current year.

Insider Buying and Selling at CAVA Group

In other news, CFO Tricia K. Tolivar sold 5,949 shares of CAVA Group stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $94.47, for a total value of $562,002.03. Following the sale, the chief financial officer now directly owns 297,600 shares of the company’s stock, valued at $28,114,272. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CAVA Group news, Director Theodoros Xenohristos sold 98,490 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.77, for a total value of $12,387,087.30. Following the transaction, the director now directly owns 424,846 shares of the company’s stock, valued at approximately $53,432,881.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tricia K. Tolivar sold 5,949 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $94.47, for a total value of $562,002.03. Following the completion of the sale, the chief financial officer now owns 297,600 shares of the company’s stock, valued at $28,114,272. The disclosure for this sale can be found here. Insiders sold 310,943 shares of company stock valued at $38,872,086 over the last quarter.

About CAVA Group

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.