Callan Family Office LLC Invests $584,000 in CAVA Group, Inc. $CAVA

Callan Family Office LLC purchased a new position in CAVA Group, Inc. (NYSE:CAVA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,938 shares of the company’s stock, valued at approximately $584,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAVA. Bison Wealth LLC purchased a new stake in shares of CAVA Group in the fourth quarter worth about $208,000. GAMMA Investing LLC increased its position in shares of CAVA Group by 102.4% in the first quarter. GAMMA Investing LLC now owns 854 shares of the company’s stock worth $74,000 after purchasing an additional 432 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of CAVA Group by 75.0% in the first quarter. Janney Montgomery Scott LLC now owns 47,405 shares of the company’s stock worth $4,096,000 after purchasing an additional 20,312 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of CAVA Group in the first quarter worth approximately $679,000. Finally, Kingswood Wealth Advisors LLC grew its position in CAVA Group by 54.3% during the first quarter. Kingswood Wealth Advisors LLC now owns 3,559 shares of the company’s stock valued at $308,000 after acquiring an additional 1,253 shares during the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on CAVA shares. Piper Sandler reduced their price target on shares of CAVA Group from $122.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 13th. Bank of America reduced their price target on shares of CAVA Group from $121.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Stifel Nicolaus reduced their price target on shares of CAVA Group from $175.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, June 18th. TD Cowen reduced their price target on shares of CAVA Group from $120.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Finally, Sanford C. Bernstein set a $74.00 target price on shares of CAVA Group in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, CAVA Group has an average rating of “Moderate Buy” and an average price target of $95.50.

CAVA Group Stock Up 1.9%

CAVA Group stock opened at $63.30 on Tuesday. The business has a 50-day simple moving average of $67.62 and a two-hundred day simple moving average of $79.48. CAVA Group, Inc. has a 52-week low of $58.33 and a 52-week high of $172.43. The company has a market cap of $7.34 billion, a P/E ratio of 53.20, a P/E/G ratio of 3.14 and a beta of 2.50.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. CAVA Group had a return on equity of 9.83% and a net margin of 12.98%.The company had revenue of $280.62 million for the quarter, compared to analysts’ expectations of $285.65 million. During the same period in the previous year, the firm earned $0.17 EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. Research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS 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.