Teacher Retirement System of Texas Purchases 1,491 Shares of CAVA Group, Inc. $CAVA

Teacher Retirement System of Texas raised its position in CAVA Group, Inc. (NYSE:CAVA) by 11.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,021 shares of the company’s stock after acquiring an additional 1,491 shares during the quarter. Teacher Retirement System of Texas’ holdings in CAVA Group were worth $1,181,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in CAVA Group by 37.3% in the first 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 period. D.A. Davidson & CO. lifted its holdings in CAVA Group by 0.4% in the second quarter. D.A. Davidson & CO. now owns 34,342 shares of the company’s stock valued at $2,893,000 after acquiring an additional 153 shares during the period. Whittier Trust Co. lifted its holdings in CAVA Group by 60.9% in the second quarter. Whittier Trust Co. now owns 457 shares of the company’s stock valued at $38,000 after acquiring an additional 173 shares during the period. World Investment Advisors lifted its holdings in CAVA Group by 6.3% in the first quarter. World Investment Advisors now owns 3,565 shares of the company’s stock valued at $308,000 after acquiring an additional 210 shares during the period. Finally, Dearborn Partners LLC lifted its holdings in CAVA Group by 10.4% in the first quarter. Dearborn Partners LLC now owns 2,449 shares of the company’s stock valued at $212,000 after acquiring an additional 230 shares during the period. Institutional investors own 73.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CAVA. Mizuho upgraded CAVA Group to a “hold” rating in a research report on Tuesday, October 28th. Bank of America reduced their price target on CAVA Group from $121.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Sanford C. Bernstein reduced their price target on CAVA Group from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday. Citigroup reduced their price target on CAVA Group from $77.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, TD Cowen reduced their price target on CAVA Group from $80.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.55.

CAVA Group Trading Down 2.3%

NYSE:CAVA opened at $50.49 on Thursday. CAVA Group, Inc. has a 12-month low of $49.62 and a 12-month high of $172.43. The stock has a 50-day moving average price of $62.73 and a 200 day moving average price of $76.44. The stock has a market capitalization of $5.85 billion, a P/E ratio of 43.53, a P/E/G ratio of 2.98 and a beta of 2.47.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $292.24 million for the quarter, compared to analysts’ expectations of $292.88 million. CAVA Group had a net margin of 12.14% and a return on equity of 9.02%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. On average, research analysts predict that CAVA Group, Inc. will post 0.5 earnings per share 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.