Whittier Trust Co. Buys 173 Shares of CAVA Group, Inc. $CAVA

Whittier Trust Co. increased its stake in CAVA Group, Inc. (NYSE:CAVA) by 60.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 457 shares of the company’s stock after acquiring an additional 173 shares during the quarter. Whittier Trust Co.’s holdings in CAVA Group were worth $38,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. increased its stake in shares of CAVA Group by 1,400.0% in the 1st quarter. First Horizon Advisors Inc. now owns 285 shares of the company’s stock valued at $25,000 after acquiring an additional 266 shares in the last quarter. Vision Financial Markets LLC bought a new stake in shares of CAVA Group in the 1st quarter valued at $26,000. Dagco Inc. bought a new stake in shares of CAVA Group in the 1st quarter valued at $27,000. Brooklyn Investment Group increased its stake in shares of CAVA Group by 168.0% in the 1st quarter. Brooklyn Investment Group now owns 402 shares of the company’s stock valued at $35,000 after acquiring an additional 252 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of CAVA Group in the 2nd quarter valued at $38,000. Institutional investors own 73.15% of the company’s stock.

CAVA Group Price Performance

CAVA opened at $63.61 on Friday. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 53.45, a P/E/G ratio of 3.30 and a beta of 2.50. The firm’s fifty day moving average price is $64.63 and its two-hundred day moving average price is $78.34. CAVA Group, Inc. has a 1 year low of $58.33 and a 1 year high of $172.43.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on CAVA shares. KeyCorp decreased their price target on shares of CAVA Group from $100.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Robert W. Baird set a $95.00 price target on shares of CAVA Group in a research note on Wednesday, August 13th. Citigroup decreased their price target on shares of CAVA Group from $102.00 to $88.00 and set a “neutral” rating for the company in a research note on Wednesday, August 13th. Weiss Ratings restated a “hold (c)” rating on shares of CAVA Group in a research note on Friday. Finally, Sanford C. Bernstein set a $74.00 price target on shares of CAVA Group in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.74.

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.