35,332 Shares in CAVA Group, Inc. (NYSE:CAVA) Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,332 shares of the company’s stock, valued at approximately $3,985,000.

Several other institutional investors also recently bought and sold shares of the stock. Howard Financial Services LTD. raised its holdings in CAVA Group by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock valued at $699,000 after buying an additional 109 shares in the last quarter. Empirical Asset Management LLC bought a new position in CAVA Group during the fourth quarter valued at about $4,882,000. Cypress Wealth Services LLC raised its holdings in CAVA Group by 3.4% during the fourth quarter. Cypress Wealth Services LLC now owns 4,915 shares of the company’s stock valued at $554,000 after buying an additional 160 shares in the last quarter. PSI Advisors LLC raised its holdings in CAVA Group by 11.3% during the fourth quarter. PSI Advisors LLC now owns 1,473 shares of the company’s stock valued at $166,000 after buying an additional 150 shares in the last quarter. Finally, Tsfg LLC raised its holdings in CAVA Group by 250.0% during the fourth quarter. Tsfg LLC now owns 770 shares of the company’s stock valued at $87,000 after buying an additional 550 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors.

CAVA Group Trading Up 0.6 %

NYSE CAVA opened at $118.21 on Monday. The stock’s 50 day moving average is $128.22 and its two-hundred day moving average is $117.71. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 256.98 and a beta of 3.21. CAVA Group, Inc. has a 1-year low of $43.51 and a 1-year high of $172.43.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $243.82 million for the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. On average, analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Activity

In other news, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $149.40, for a total value of $93,008,820.60. Following the completion of the transaction, the director now owns 6,307 shares in the company, valued at approximately $942,265.80. The trade was a 99.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Karen Kochevar sold 15,000 shares of CAVA Group stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the completion of the transaction, the director now owns 1,307 shares of the company’s stock, valued at $185,894.61. This trade represents a 91.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 652,549 shares of company stock worth $97,242,271. Insiders own 12.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. TD Cowen raised their price target on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised their price target on CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Barclays lowered their price target on CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Robert W. Baird raised their price target on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Wedbush raised their price target on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $142.13.

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.