Defender Capital LLC. Buys Shares of 12,200 CAVA Group, Inc. $CAVA

Defender Capital LLC. bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,200 shares of the company’s stock, valued at approximately $716,000. CAVA Group comprises 0.2% of Defender Capital LLC.’s holdings, making the stock its 24th largest holding.

Other institutional investors also recently modified their holdings of the company. Bison Wealth LLC bought a new stake in shares of CAVA Group in the 4th quarter valued at about $208,000. Goldman Sachs Group Inc. boosted its stake in CAVA Group by 14.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 606,780 shares of the company’s stock worth $52,432,000 after acquiring an additional 75,828 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in CAVA Group by 17.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 236,622 shares of the company’s stock valued at $20,447,000 after purchasing an additional 34,860 shares during the period. Handelsbanken Fonder AB grew its holdings in CAVA Group by 17.6% during the second quarter. Handelsbanken Fonder AB now owns 24,000 shares of the company’s stock valued at $2,022,000 after purchasing an additional 3,600 shares during the period. Finally, Swiss National Bank increased its stake in CAVA Group by 6.1% in the second quarter. Swiss National Bank now owns 176,600 shares of the company’s stock valued at $14,875,000 after purchasing an additional 10,200 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 1,039 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total transaction of $64,563.46. Following the completion of the transaction, the insider owned 332,205 shares in the company, valued at approximately $20,643,218.70. This represents a 0.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tricia K. Tolivar sold 2,404 shares of CAVA Group stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $62.14, for a total value of $149,384.56. Following the completion of the sale, the chief financial officer directly owned 231,934 shares in the company, valued at $14,412,378.76. This represents a 1.03% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 39,055 shares of company stock worth $2,572,303. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. DA Davidson initiated coverage on shares of CAVA Group in a report on Friday, March 6th. They issued a “neutral” rating and a $80.00 target price on the stock. Mizuho boosted their price target on shares of CAVA Group from $52.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, January 9th. Telsey Advisory Group upped their price objective on shares of CAVA Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Citigroup raised their price objective on CAVA Group from $74.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Finally, Johnson Rice set a $72.00 target price on CAVA Group in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.04.

CAVA Group Stock Performance

Shares of CAVA opened at $80.30 on Thursday. The firm has a market cap of $9.35 billion, a P/E ratio of 148.70, a PEG ratio of 7.20 and a beta of 2.16. CAVA Group, Inc. has a twelve month low of $43.41 and a twelve month high of $101.50. The firm’s 50 day moving average price is $73.25 and its two-hundred day moving average price is $63.56.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. CAVA Group had a net margin of 5.40% and a return on equity of 8.43%. The company had revenue of $274.99 million during the quarter, compared to the consensus estimate of $268.04 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year. On average, sell-side analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

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.