PFG Investments LLC Has $1.59 Million Stock Position in CAVA Group, Inc. (NYSE:CAVA)

PFG Investments LLC lessened its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,085 shares of the company’s stock after selling 1,822 shares during the quarter. PFG Investments LLC’s holdings in CAVA Group were worth $1,589,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new position in CAVA Group during the 2nd quarter valued at about $28,000. GAMMA Investing LLC lifted its holdings in CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 125 shares during the period. Sunbelt Securities Inc. bought a new position in CAVA Group in the third quarter valued at approximately $50,000. Burkett Financial Services LLC acquired a new stake in CAVA Group during the 4th quarter worth $56,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of CAVA Group in the 4th quarter valued at $63,000. Institutional investors own 73.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. TD Cowen lifted their price objective on CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley upped 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. Sanford C. Bernstein began coverage on shares of CAVA Group in a research note on Wednesday, November 20th. They set a “market perform” rating and a $145.00 price objective on the stock. Robert W. Baird upped their target price on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Barclays cut their target price on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

Insiders Place Their Bets

In other CAVA Group news, CEO Brett Schulman sold 20,564 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the transaction, the chief executive officer now owns 776,369 shares of the company’s stock, valued at $92,527,657.42. The trade was a 2.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Theodoros Xenohristos sold 851 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $101,422.18. Following the completion of the sale, the insider now directly owns 358,995 shares of the company’s stock, valued at approximately $42,785,024.10. The trade was a 0.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 676,050 shares of company stock valued at $100,043,120 in the last three months. 12.10% of the stock is currently owned by corporate insiders.

CAVA Group Stock Performance

Shares of CAVA Group stock opened at $123.02 on Tuesday. The firm has a market cap of $14.10 billion, a PE ratio of 267.43 and a beta of 3.21. The business’s 50 day simple moving average is $126.05 and its 200 day simple moving average is $118.77. CAVA Group, Inc. has a 52-week low of $45.71 and a 52-week high of $172.43.

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

About CAVA Group

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.