Yousif Capital Management LLC Invests $2.43 Million in CAVA Group, Inc. (NYSE:CAVA)

Yousif Capital Management LLC bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,113 shares of the company’s stock, valued at approximately $2,429,000.

Several other large investors have also bought and sold shares of the company. Utah Retirement Systems lifted its holdings in CAVA Group by 2.5% in the 4th quarter. Utah Retirement Systems now owns 4,100 shares of the company’s stock valued at $462,000 after acquiring an additional 100 shares during the last quarter. Whittier Trust Co. lifted its stake in CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares during the last quarter. Mainstream Capital Management LLC lifted its stake in CAVA Group by 0.7% during the fourth quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company’s stock valued at $2,003,000 after purchasing an additional 132 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in CAVA Group by 1.9% during the first quarter. Miracle Mile Advisors LLC now owns 8,247 shares of the company’s stock worth $713,000 after buying an additional 150 shares in the last quarter. Finally, Centurion Wealth Management LLC grew its position in CAVA Group by 8.8% in the fourth quarter. Centurion Wealth Management LLC now owns 1,913 shares of the company’s stock worth $216,000 after buying an additional 154 shares during the last quarter. Institutional investors own 73.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein raised CAVA Group from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Wednesday, April 23rd. Loop Capital dropped their price target on CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Piper Sandler upgraded CAVA Group from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $142.00 to $115.00 in a report on Friday, February 28th. Wedbush reiterated an “outperform” rating and issued a $150.00 target price on shares of CAVA Group in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a report on Thursday, March 20th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

CAVA Group Trading Down 4.6%

Shares of NYSE:CAVA opened at $74.65 on Friday. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 162.28 and a beta of 2.77. CAVA Group, Inc. has a 1 year low of $70.00 and a 1 year high of $172.43. The business has a fifty day simple moving average of $87.44 and a 200 day simple moving average of $103.55.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The company had revenue of $331.83 million during the quarter, compared to the consensus estimate of $327.98 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period last year, the business earned $0.12 EPS. On average, sell-side analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 9,348 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.88, for a total value of $886,938.24. Following the completion of the sale, the insider now owns 353,271 shares of the company’s stock, valued at $33,518,352.48. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kelly Costanza sold 10,243 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $86.63, for a total value of $887,351.09. Following the transaction, the insider now directly owns 125,347 shares in the company, valued at approximately $10,858,810.61. This represents a 7.55% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

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.