CAVA Group, Inc. $CAVA Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its position in CAVA Group, Inc. (NYSE:CAVA) by 20.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,932 shares of the company’s stock after selling 9,473 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CAVA Group were worth $3,195,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bison Wealth LLC acquired a new stake in shares of CAVA Group during the fourth quarter worth approximately $208,000. Miracle Mile Advisors LLC lifted its stake in CAVA Group by 1.9% in the first quarter. Miracle Mile Advisors LLC now owns 8,247 shares of the company’s stock valued at $713,000 after buying an additional 150 shares during the last quarter. Yousif Capital Management LLC acquired a new position in shares of CAVA Group during the first quarter valued at $2,429,000. GAMMA Investing LLC increased its holdings in shares of CAVA Group by 102.4% during the first quarter. GAMMA Investing LLC now owns 854 shares of the company’s stock valued at $74,000 after purchasing an additional 432 shares during the period. Finally, SG Americas Securities LLC grew its holdings in CAVA Group by 768.4% during the first quarter. SG Americas Securities LLC now owns 220,816 shares of the company’s stock worth $19,081,000 after acquiring an additional 195,389 shares during the period. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Price Performance

Shares of CAVA stock opened at $63.16 on Thursday. The stock’s fifty day simple moving average is $69.02 and its 200 day simple moving average is $80.11. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 53.08, a P/E/G ratio of 3.08 and a beta of 2.50. CAVA Group, Inc. has a one year low of $58.33 and a one year high of $172.43.

CAVA Group (NYSE:CAVA) last announced 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. The business had revenue of $280.62 million for the quarter, compared to analyst estimates of $285.65 million. CAVA Group had a return on equity of 9.83% and a net margin of 12.98%.CAVA Group’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 EPS. On average, research analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on CAVA. Bank of America lowered their target price on CAVA Group from $121.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Cfra Research upgraded CAVA Group to a “strong-buy” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. reduced their price target on CAVA Group from $115.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, June 25th. Royal Bank Of Canada set a $80.00 price objective on CAVA Group in a research note on Wednesday. Finally, Robert W. Baird set a $95.00 price target on CAVA Group in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.50.

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.