Jacobs Levy Equity Management Inc. Acquires 6,056 Shares of CAVA Group, Inc. (NYSE:CAVA)

Jacobs Levy Equity Management Inc. raised its position in CAVA Group, Inc. (NYSE:CAVA) by 31.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,389 shares of the company’s stock after purchasing an additional 6,056 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in CAVA Group were worth $2,864,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in shares of CAVA Group during the 4th quarter valued at $25,000. Allworth Financial LP increased its stake in CAVA Group by 369.2% during the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock valued at $30,000 after purchasing an additional 192 shares in the last quarter. Larson Financial Group LLC increased its stake in CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Whittier Trust Co. increased its stake in CAVA Group by 80.9% during the 4th quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Finally, Signaturefd LLC increased its stake in CAVA Group by 884.4% during the 4th quarter. Signaturefd LLC now owns 315 shares of the company’s stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CAVA shares. Piper Sandler upgraded shares of CAVA Group from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $142.00 to $115.00 in a research note on Friday, February 28th. Citigroup decreased their price target on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. William Blair restated an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. Wedbush reiterated an “outperform” rating and issued a $150.00 target price on shares of CAVA Group in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 target price for the company in a research note on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, CAVA Group has an average rating of “Moderate Buy” and an average price target of $123.38.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 9,348 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.88, for a total transaction of $886,938.24. Following the sale, the insider now directly owns 353,271 shares of the company’s stock, valued at $33,518,352.48. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.80% of the company’s stock.

CAVA Group Stock Performance

CAVA opened at $99.21 on Friday. The firm has a market cap of $11.47 billion, a P/E ratio of 215.67 and a beta of 3.28. The firm has a 50-day moving average of $87.72 and a 200 day moving average of $112.19. 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 posted its quarterly earnings results on Thursday, May 15th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.07. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. Equities research analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

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.