CAVA Group, Inc. $CAVA Shares Purchased by Diversified Trust Co.

Diversified Trust Co. boosted its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 76.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,360 shares of the company’s stock after purchasing an additional 9,233 shares during the quarter. Diversified Trust Co.’s holdings in CAVA Group were worth $1,254,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Cornerstone Planning Group LLC raised its holdings in CAVA Group by 378.7% in the third quarter. Cornerstone Planning Group LLC now owns 450 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in CAVA Group by 347.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 515 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in CAVA Group by 656.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 507 shares of the company’s stock worth $31,000 after acquiring an additional 440 shares in the last quarter. Western Pacific Wealth Management LP bought a new stake in shares of CAVA Group in the 3rd quarter worth about $33,000. Finally, CNB Bank increased its position in shares of CAVA Group by 275.8% in the 3rd quarter. CNB Bank now owns 575 shares of the company’s stock worth $35,000 after purchasing an additional 422 shares during the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

CAVA Group Price Performance

Shares of CAVA Group stock opened at $78.83 on Friday. CAVA Group, Inc. has a 1-year low of $43.41 and a 1-year high of $101.50. The business’s fifty day moving average price is $73.38 and its two-hundred day moving average price is $63.67. The company has a market capitalization of $9.17 billion, a P/E ratio of 145.98, a PEG ratio of 6.85 and a beta of 2.16.

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

Insider Activity

In other news, CEO Brett Schulman sold 4,542 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total transaction of $282,239.88. Following the completion of the sale, the chief executive officer directly owned 802,783 shares of the company’s stock, valued at $49,884,935.62. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kelly Costanza sold 1,707 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $62.14, for a total value of $106,072.98. Following the completion of the transaction, the insider owned 119,139 shares of the company’s stock, valued at $7,403,297.46. This trade represents a 1.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,055 shares of company stock valued at $2,572,303 in the last ninety days. 6.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on CAVA shares. Morgan Stanley upped their price objective on CAVA Group from $80.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 25th. Barclays boosted their price target on CAVA Group from $52.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. UBS Group upped their price target on CAVA Group from $69.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. Wolfe Research began coverage on CAVA Group in a research note on Monday, March 9th. They set an “outperform” rating and a $93.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CAVA Group in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.68.

CAVA Group 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.