Trust Investment Advisors Increases Stake in CAVA Group, Inc. (NYSE:CAVA)

Trust Investment Advisors grew its stake in CAVA Group, Inc. (NYSE:CAVA) by 42.9% during the 4th quarter, HoldingsChannel reports. The firm owned 5,490 shares of the company’s stock after buying an additional 1,647 shares during the quarter. Trust Investment Advisors’ holdings in CAVA Group were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CAVA. Arcadia Investment Management Corp MI purchased a new position in CAVA Group during the fourth quarter worth approximately $25,000. Allworth Financial LP raised its stake in shares of CAVA Group by 369.2% during the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after buying an additional 192 shares during the period. Larson Financial Group LLC lifted its position in shares of CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock valued at $31,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. grew its stake in CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after acquiring an additional 127 shares during the period. Finally, Signaturefd LLC increased its holdings in CAVA Group by 884.4% in the 4th quarter. Signaturefd LLC now owns 315 shares of the company’s stock worth $36,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Trading Down 0.1 %

CAVA stock opened at $90.21 on Wednesday. The business’s fifty day moving average price is $109.83 and its 200 day moving average price is $122.65. CAVA Group, Inc. has a 12-month low of $58.22 and a 12-month high of $172.43. The company has a market capitalization of $10.43 billion, a PE ratio of 196.11 and a beta of 3.58.

CAVA Group (NYSE:CAVA) last announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The business had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $223.34 million. Research analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling

In other CAVA Group news, insider Kenneth Robert Bertram sold 678 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $84,336.42. Following the transaction, the insider now directly owns 57,312 shares in the company, valued at $7,129,039.68. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $101,422.18. Following the sale, the insider now owns 358,995 shares of the company’s stock, valued at $42,785,024.10. This represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,235 shares of company stock worth $3,514,101 over the last 90 days. 12.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Piper Sandler raised shares of CAVA Group from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $142.00 to $115.00 in a research note on Friday, February 28th. JPMorgan Chase & Co. upgraded CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price objective for the company in a research note on Thursday, March 20th. William Blair restated an “outperform” rating on shares of CAVA Group in a research report on Wednesday, February 26th. UBS Group dropped their price target on CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Barclays decreased their price objective on CAVA Group from $127.00 to $104.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.47.

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.