Deutsche Bank AG Has $8.21 Million Stock Position in CAVA Group, Inc. (NYSE:CAVA)

Deutsche Bank AG lifted its stake in CAVA Group, Inc. (NYSE:CAVA) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,751 shares of the company’s stock after purchasing an additional 587 shares during the quarter. Deutsche Bank AG’s holdings in CAVA Group were worth $8,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CAVA. Jennison Associates LLC lifted its stake in CAVA Group by 36,658.7% in the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock worth $277,683,000 after acquiring an additional 2,455,035 shares in the last quarter. Vanguard Group Inc. lifted its stake in CAVA Group by 20.4% in the 4th quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company’s stock worth $903,709,000 after acquiring an additional 1,357,187 shares in the last quarter. Barclays PLC lifted its stake in CAVA Group by 116.7% in the 4th quarter. Barclays PLC now owns 84,755 shares of the company’s stock worth $9,560,000 after acquiring an additional 591,866 shares in the last quarter. Norges Bank purchased a new stake in CAVA Group in the 4th quarter worth about $64,538,000. Finally, Raymond James Financial Inc. purchased a new stake in CAVA Group in the 4th quarter worth about $59,516,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Stock Down 2.1%

CAVA opened at $97.03 on Friday. The firm has a market capitalization of $11.22 billion, a P/E ratio of 210.93 and a beta of 3.28. The stock’s 50 day moving average price is $88.07 and its two-hundred day moving average price is $111.91. CAVA Group, Inc. has a 12-month low of $70.00 and a 12-month high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08. The company had revenue of $331.83 million for the quarter, compared to analyst estimates of $327.98 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. As a group, analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Buying and Selling at CAVA Group

In other news, insider Theodoros Xenohristos sold 9,348 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.88, for a total transaction of $886,938.24. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CAVA. William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. Piper Sandler raised CAVA Group from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $142.00 to $115.00 in a research note on Friday, February 28th. TD Securities reaffirmed a “buy” rating and set a $120.00 price target on shares of CAVA Group in a research note on Friday. JPMorgan Chase & Co. raised CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price target for the company in a research note on Thursday, March 20th. Finally, Robert W. Baird raised their price target on CAVA Group from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.44.

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.