CAVA Group, Inc. $CAVA Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 22.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,980 shares of the company’s stock after purchasing an additional 5,759 shares during the period. Public Employees Retirement System of Ohio’s holdings in CAVA Group were worth $2,609,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CAVA. Bison Wealth LLC acquired a new stake in CAVA Group during the 4th quarter valued at $208,000. Versant Capital Management Inc acquired a new stake in CAVA Group during the 1st quarter valued at $31,000. GAMMA Investing LLC grew its holdings in CAVA Group by 17,386.7% during the 1st quarter. GAMMA Investing LLC now owns 73,794 shares of the company’s stock valued at $6,377,000 after purchasing an additional 73,372 shares in the last quarter. Parallel Advisors LLC grew its holdings in CAVA Group by 274.8% during the 1st quarter. Parallel Advisors LLC now owns 1,218 shares of the company’s stock valued at $105,000 after purchasing an additional 893 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in CAVA Group by 150.7% during the 1st quarter. Rhumbline Advisers now owns 224,727 shares of the company’s stock valued at $19,419,000 after purchasing an additional 135,100 shares in the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. TD Cowen lowered their price target on shares of CAVA Group from $120.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Bank of America lowered their price target on shares of CAVA Group from $121.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Sanford C. Bernstein set a $74.00 price objective on shares of CAVA Group in a report on Wednesday, August 13th. Argus set a $76.00 price objective on shares of CAVA Group in a report on Tuesday, September 2nd. Finally, Wall Street Zen lowered shares of CAVA Group from a “hold” rating to a “sell” rating in a report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CAVA Group has a consensus rating of “Moderate Buy” and an average target price of $96.41.

CAVA Group Stock Performance

NYSE CAVA opened at $61.68 on Thursday. CAVA Group, Inc. has a one year low of $58.33 and a one year high of $172.43. The company has a 50-day simple moving average of $71.47 and a 200-day simple moving average of $80.73. The firm has a market capitalization 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 posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.16 EPS for the quarter, beating 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 business had revenue of $280.62 million during the quarter, compared to analyst estimates of $285.65 million. During the same period in the previous year, the business posted $0.17 EPS. The company’s quarterly revenue was up 20.2% on a year-over-year basis. Equities analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current 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.