Cwm LLC Has $305,000 Stock Holdings in CAVA Group, Inc. $CAVA

Cwm LLC boosted its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 94.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,616 shares of the company’s stock after purchasing an additional 1,758 shares during the quarter. Cwm LLC’s holdings in CAVA Group were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CAVA. Whittier Trust Co. of Nevada Inc. raised its position in shares of CAVA Group by 37.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the company’s stock valued at $46,000 after acquiring an additional 144 shares during the last quarter. World Investment Advisors grew its position in shares of CAVA Group by 6.3% during the 1st quarter. World Investment Advisors now owns 3,565 shares of the company’s stock worth $308,000 after buying an additional 210 shares during the period. Dearborn Partners LLC boosted its stake in CAVA Group by 10.4% during the 1st quarter. Dearborn Partners LLC now owns 2,449 shares of the company’s stock worth $212,000 after acquiring an additional 230 shares during the last quarter. Cim LLC grew its holdings in CAVA Group by 2.6% during the first quarter. Cim LLC now owns 9,755 shares of the company’s stock valued at $843,000 after purchasing an additional 247 shares during the period. Finally, Brooklyn Investment Group grew its holdings in 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 purchasing an additional 252 shares during the period. 73.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CAVA shares. Bank of America cut their target price on shares of CAVA Group from $121.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Melius began coverage on CAVA Group in a research note on Monday, July 14th. They issued a “hold” rating and a $95.00 target price for the company. UBS Group decreased their price objective on CAVA Group from $96.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, August 13th. Barclays lowered their target price on CAVA Group from $74.00 to $64.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Finally, Morgan Stanley dropped their price objective on shares of CAVA Group from $97.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, CAVA Group currently has a consensus rating of “Moderate Buy” and an average price target of $93.74.

CAVA Group Price Performance

CAVA Group stock opened at $63.61 on Monday. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 53.45, a P/E/G ratio of 3.25 and a beta of 2.50. The firm has a 50-day moving average of $64.63 and a 200-day moving average of $78.25. CAVA Group, Inc. has a one year low of $58.33 and a one year high of $172.43.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $280.62 million during the quarter, compared to the consensus estimate of $285.65 million. CAVA Group had a return on equity of 9.83% and a net margin of 12.98%.The business’s revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. As a group, sell-side analysts expect 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.