2,891 Shares in CAVA Group, Inc. $CAVA Bought by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new position in CAVA Group, Inc. (NYSE:CAVA) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,891 shares of the company’s stock, valued at approximately $244,000.

Several other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its stake in shares of CAVA Group by 1,400.0% in the first quarter. First Horizon Advisors Inc. now owns 285 shares of the company’s stock valued at $25,000 after buying an additional 266 shares during the period. Vision Financial Markets LLC bought a new stake in CAVA Group during the 1st quarter worth approximately $26,000. Dagco Inc. acquired a new position in CAVA Group in the 1st quarter valued at approximately $27,000. Versant Capital Management Inc bought a new position in shares of CAVA Group during the first quarter valued at $31,000. Finally, Brooklyn Investment Group raised its stake in shares of CAVA Group by 168.0% during the first quarter. Brooklyn Investment Group now owns 402 shares of the company’s stock valued at $35,000 after acquiring an additional 252 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on CAVA shares. Morgan Stanley reduced their price objective on shares of CAVA Group from $107.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Bank of America decreased their price target on CAVA Group from $121.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Barclays cut their price objective on CAVA Group from $91.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 13th. Cfra Research upgraded CAVA Group to a “strong-buy” rating in a report on Thursday, August 14th. Finally, KeyCorp lowered their price target on shares of CAVA Group from $100.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.41.

CAVA Group Stock Performance

Shares of CAVA opened at $61.68 on Thursday. CAVA Group, Inc. has a 52-week low of $58.33 and a 52-week high of $172.43. The business’s 50 day moving average price is $71.47 and its two-hundred day moving average price is $80.73. The firm has a market cap of $7.15 billion, a PE ratio of 51.83, a price-to-earnings-growth ratio of 3.02 and a beta of 2.51.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. CAVA Group had a net margin of 12.98% and a return on equity of 9.83%. The company had revenue of $280.62 million during the quarter, compared to the consensus estimate of $285.65 million. During the same quarter last year, the firm posted $0.17 EPS. The company’s quarterly revenue was up 20.2% on a year-over-year basis. Research analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

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.