CAVA Group, Inc. $CAVA Stock Holdings Increased by Amalgamated Bank

Amalgamated Bank increased its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 19.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,572 shares of the company’s stock after purchasing an additional 7,800 shares during the quarter. Amalgamated Bank’s holdings in CAVA Group were worth $2,934,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quadcap Wealth Management LLC lifted its position in CAVA Group by 1.4% in the 2nd quarter. Quadcap Wealth Management LLC now owns 8,966 shares of the company’s stock worth $755,000 after buying an additional 124 shares in the last quarter. McDonough Capital Management Inc grew its holdings in shares of CAVA Group by 4.7% during the 2nd quarter. McDonough Capital Management Inc now owns 2,910 shares of the company’s stock valued at $245,000 after acquiring an additional 131 shares in the last quarter. Tsfg LLC increased its stake in shares of CAVA Group by 19.1% in the second quarter. Tsfg LLC now owns 937 shares of the company’s stock worth $79,000 after acquiring an additional 150 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its stake in shares of CAVA Group by 5.6% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 2,810 shares of the company’s stock worth $237,000 after acquiring an additional 150 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of CAVA Group by 0.4% during the second quarter. D.A. Davidson & CO. now owns 34,342 shares of the company’s stock worth $2,893,000 after acquiring an additional 153 shares in the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on CAVA shares. Argus lowered their target price on CAVA Group from $76.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Sanford C. Bernstein set a $70.00 price target on CAVA Group in a report on Wednesday, January 7th. Truist Financial increased their price objective on CAVA Group from $66.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Stifel Nicolaus set a $75.00 price objective on shares of CAVA Group in a research report on Wednesday, November 5th. Finally, Royal Bank Of Canada set a $70.00 target price on shares of CAVA Group in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.57.

CAVA Group Stock Down 1.2%

NYSE:CAVA opened at $66.12 on Friday. CAVA Group, Inc. has a 12 month low of $43.41 and a 12 month high of $144.49. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 57.00, a P/E/G ratio of 3.44 and a beta of 2.41. The company’s 50 day moving average is $57.71 and its 200-day moving average is $65.53.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.12 earnings per share (EPS) 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 the consensus estimate of $292.88 million. CAVA Group had a return on equity of 8.88% and a net margin of 12.14%.CAVA Group’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. Research analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Insider Transactions at CAVA Group

In other news, insider Kenneth Robert Bertram sold 3,788 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $50.70, for a total value of $192,051.60. Following the sale, the insider directly owned 51,143 shares of the company’s stock, valued at approximately $2,592,950.10. This trade represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.80% of the stock is owned by company insiders.

CAVA Group Company Profile

CAVA Group, Inc (NYSE: CAVA) is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe’s Kitchen.