4,896 Shares in CAVA Group, Inc. (NYSE:CAVA) Acquired by DRW Securities LLC

DRW Securities LLC bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA) during the third quarter, HoldingsChannel.com reports. The firm bought 4,896 shares of the company’s stock, valued at approximately $606,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAVA. Independent Advisor Alliance raised its position in CAVA Group by 155.2% in the 3rd quarter. Independent Advisor Alliance now owns 25,455 shares of the company’s stock valued at $3,153,000 after purchasing an additional 15,481 shares in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in CAVA Group by 172.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,422 shares of the company’s stock valued at $176,000 after acquiring an additional 901 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in CAVA Group in the third quarter worth approximately $479,000. Alpha DNA Investment Management LLC acquired a new position in CAVA Group during the 3rd quarter worth approximately $498,000. Finally, Algert Global LLC increased its position in shares of CAVA Group by 239.8% in the 3rd quarter. Algert Global LLC now owns 15,610 shares of the company’s stock valued at $1,933,000 after purchasing an additional 11,016 shares during the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Analyst Ratings Changes

CAVA has been the subject of several recent analyst reports. Loop Capital lifted their price objective on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. TD Cowen upped their price objective on CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. TD Securities raised their target price on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Citigroup upped their price target on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, UBS Group assumed coverage on shares of CAVA Group in a research report on Friday, September 27th. They set a “neutral” rating and a $135.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, CAVA Group has an average rating of “Moderate Buy” and an average target price of $143.80.

Insider Activity at CAVA Group

In related news, Director Karen Kochevar sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total value of $2,133,450.00. Following the completion of the sale, the director now owns 1,307 shares in the company, valued at $185,894.61. This trade represents a 91.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.10% of the stock is currently owned by insiders.

CAVA Group Stock Performance

Shares of CAVA opened at $143.50 on Wednesday. CAVA Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $172.43. The firm has a 50-day simple moving average of $134.05 and a 200-day simple moving average of $107.62. The company has a market capitalization of $16.44 billion, a price-to-earnings ratio of 311.96 and a beta of 3.23.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $243.82 million during the quarter, compared to analysts’ expectations of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. Equities research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current 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.