87,383 Shares in CAVA Group, Inc. $CAVA Acquired by CW Advisors LLC

CW Advisors LLC purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 87,383 shares of the company’s stock, valued at approximately $7,360,000. CW Advisors LLC owned about 0.08% of CAVA Group at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of CAVA Group by 114.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,394,561 shares of the company’s stock valued at $206,915,000 after purchasing an additional 1,277,912 shares in the last quarter. Vanguard Group Inc. lifted its stake in CAVA Group by 13.2% in 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 last quarter. Nuveen LLC bought a new stake in CAVA Group in the first quarter worth $72,800,000. Alliancebernstein L.P. boosted 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 valued at $73,681,000 after buying an additional 813,434 shares during the period. Finally, Congress Asset Management Co. grew its stake in shares of CAVA Group by 30,593.6% during 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 last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

CAVA Group Trading Down 0.3%

Shares of CAVA Group stock opened at $54.35 on Friday. CAVA Group, Inc. has a 12-month low of $43.41 and a 12-month high of $153.34. The company has a market cap of $6.30 billion, a P/E ratio of 46.85, a PEG ratio of 3.08 and a beta of 2.51. The company’s fifty day simple moving average is $55.92 and its two-hundred day simple moving average is $70.06.

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

Insiders Place Their Bets

In other CAVA Group news, insider Kenneth Robert Bertram sold 3,788 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $50.70, for a total transaction of $192,051.60. Following the transaction, the insider owned 51,143 shares in the company, valued at approximately $2,592,950.10. This represents a 6.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CAVA shares. Bank of America lowered their target price on CAVA Group from $121.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of CAVA Group in a research report on Wednesday, October 8th. Royal Bank Of Canada set a $70.00 price objective on CAVA Group in a research note on Wednesday, November 5th. Citigroup reaffirmed a “neutral” rating on shares of CAVA Group in a research note on Wednesday, November 12th. Finally, Mizuho upgraded shares of CAVA Group to a “hold” rating in a report on Tuesday, October 28th. 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.00.

CAVA Group 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.