CAVA Group, Inc. (NYSE:CAVA) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in CAVA Group, Inc. (NYSE:CAVA) by 229.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,485 shares of the company’s stock after purchasing an additional 35,158 shares during the quarter. Cetera Investment Advisers’ holdings in CAVA Group were worth $5,695,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new stake in shares of CAVA Group in the fourth quarter valued at about $25,000. Allworth Financial LP grew its position in shares of CAVA Group by 369.2% in the fourth quarter. Allworth Financial LP now owns 244 shares of the company’s stock valued at $30,000 after purchasing an additional 192 shares during the period. Larson Financial Group LLC grew its position in shares of CAVA Group by 274.0% in the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Whittier Trust Co. grew its position in shares of CAVA Group by 80.9% in the fourth quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares during the period. Finally, Signaturefd LLC grew its position in shares of CAVA Group by 884.4% in the fourth quarter. Signaturefd LLC now owns 315 shares of the company’s stock valued at $36,000 after purchasing an additional 283 shares during the period. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Stock Performance

Shares of CAVA stock opened at $99.77 on Wednesday. The stock has a market capitalization of $11.54 billion, a P/E ratio of 216.89 and a beta of 3.28. The company has a 50 day moving average price of $86.70 and a 200 day moving average price of $112.64. CAVA Group, Inc. has a fifty-two week low of $70.00 and a fifty-two week high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. On average, research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Insider Activity at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 9,348 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.88, for a total transaction of $886,938.24. Following the completion of the transaction, the insider now owns 353,271 shares in the company, valued at $33,518,352.48. The trade was a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CAVA. William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. Wedbush reissued an “outperform” rating and issued a $150.00 price target on shares of CAVA Group in a research note on Wednesday, February 26th. Citigroup decreased their price target on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Robert W. Baird set a $105.00 price target on shares of CAVA Group and gave the stock an “outperform” rating in a research note on Monday, April 7th. Finally, Loop Capital decreased their price target on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, CAVA Group has a consensus rating of “Moderate Buy” and an average price target of $123.38.

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.