CAVA Group, Inc. $CAVA Shares Bought by Aperture Investors LLC

Aperture Investors LLC lifted its position in CAVA Group, Inc. (NYSE:CAVA) by 18.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,745 shares of the company’s stock after buying an additional 50,176 shares during the quarter. CAVA Group comprises approximately 3.5% of Aperture Investors LLC’s holdings, making the stock its 2nd biggest position. Aperture Investors LLC owned approximately 0.28% of CAVA Group worth $27,101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of CAVA Group by 114.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,394,561 shares of the company’s stock worth $206,915,000 after purchasing an additional 1,277,912 shares during the last quarter. Vanguard Group Inc. grew its holdings in CAVA Group by 13.2% during the first quarter. Vanguard Group Inc. now owns 9,065,782 shares of the company’s stock worth $783,374,000 after purchasing an additional 1,054,180 shares during the period. Nuveen LLC acquired a new position in CAVA Group during the first quarter worth approximately $72,800,000. Alliancebernstein L.P. increased its position in CAVA Group by 2,072.1% during the first quarter. Alliancebernstein L.P. now owns 852,691 shares of the company’s stock worth $73,681,000 after buying an additional 813,434 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in CAVA Group by 30,593.6% in the second quarter. Congress Asset Management Co. now owns 751,994 shares of the company’s stock valued at $63,340,000 after buying an additional 749,544 shares during the period. 73.15% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Kenneth Robert Bertram sold 3,788 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $50.70, for a total value of $192,051.60. Following the completion of the transaction, the insider owned 51,143 shares in the company, valued at $2,592,950.10. This trade represents a 6.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.10% of the stock is owned by corporate insiders.

CAVA Group Stock Down 1.8%

NYSE CAVA opened at $52.86 on Wednesday. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 45.57, a price-to-earnings-growth ratio of 3.05 and a beta of 2.51. CAVA Group, Inc. has a twelve month low of $43.41 and a twelve month high of $144.49. The business’s fifty day moving average is $55.49 and its 200 day moving average is $69.14.

CAVA Group (NYSE:CAVA) last issued its earnings results on Tuesday, November 4th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). CAVA Group had a return on equity of 8.88% and a net margin of 12.14%.The firm had revenue of $292.24 million during the quarter, compared to analyst estimates of $292.88 million. During the same period in the previous year, the company earned $0.15 EPS. CAVA Group’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, research analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CAVA. Truist Financial began coverage on CAVA Group in a research note on Thursday, December 4th. They set a “buy” rating and a $66.00 target price for the company. Citigroup reaffirmed a “neutral” rating on shares of CAVA Group in a research report on Wednesday, November 12th. Cfra Research upgraded shares of CAVA Group to a “strong-buy” rating in a report on Thursday, August 14th. Robert W. Baird set a $95.00 target price on shares of CAVA Group in a research note on Wednesday, August 13th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $68.00 target price on shares of CAVA Group in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, CAVA Group currently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

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.