Wilmington Savings Fund Society FSB Buys Shares of 2,306 CAVA Group, Inc. (NYSE:CAVA)

Wilmington Savings Fund Society FSB bought a new stake in CAVA Group, Inc. (NYSE:CAVA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,306 shares of the company’s stock, valued at approximately $286,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sanctuary Advisors LLC grew its position in CAVA Group by 12.9% in the third quarter. Sanctuary Advisors LLC now owns 18,738 shares of the company’s stock valued at $2,321,000 after acquiring an additional 2,147 shares during the last quarter. Virtu Financial LLC grew its position in CAVA Group by 306.9% in the third quarter. Virtu Financial LLC now owns 40,088 shares of the company’s stock valued at $4,965,000 after acquiring an additional 30,235 shares during the last quarter. Sunbelt Securities Inc. bought a new position in CAVA Group in the third quarter valued at about $50,000. Geode Capital Management LLC boosted its stake in shares of CAVA Group by 121.0% during the third quarter. Geode Capital Management LLC now owns 1,222,834 shares of the company’s stock valued at $151,492,000 after purchasing an additional 669,599 shares in the last quarter. Finally, Conway Capital Management Inc. acquired a new stake in shares of CAVA Group during the third quarter valued at about $5,524,000. Institutional investors own 73.15% of the company’s stock.

Wall Street Analyst Weigh In

CAVA has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Piper Sandler lifted their price target on CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Argus lifted their price target on CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. TD Securities lifted their price target on CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Robert W. Baird lifted their price target on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CAVA Group presently has an average rating of “Moderate Buy” and a consensus target price of $143.80.

Insider Buying and Selling at CAVA Group

In other news, Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the director now owns 1,307 shares in the company, valued at $182,980. The trade was a 91.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $149.40, for a total value of $93,008,820.60. Following the sale, the director now owns 6,307 shares of the company’s stock, valued at approximately $942,265.80. This represents a 99.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 652,549 shares of company stock valued at $97,242,271. 12.10% of the stock is currently owned by company insiders.

CAVA Group Stock Performance

Shares of CAVA opened at $123.40 on Wednesday. CAVA Group, Inc. has a 52-week low of $39.05 and a 52-week high of $172.43. The business’s 50 day moving average price is $137.68 and its two-hundred day moving average price is $113.61. The firm has a market cap of $14.14 billion, a PE ratio of 269.20 and a beta of 2.93.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The firm had revenue of $243.82 million for the quarter, compared to analyst estimates of $233.05 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue was up 38.9% compared to the same quarter last year. Research analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

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.