Dynamic Technology Lab Private Ltd Raises Stake in CAVA Group, Inc. (NYSE:CAVA)

Dynamic Technology Lab Private Ltd boosted its holdings in CAVA Group, Inc. (NYSE:CAVA) by 177.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,710 shares of the company’s stock after buying an additional 6,845 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in CAVA Group were worth $1,208,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new stake in shares of CAVA Group in the fourth quarter valued at about $25,000. Allworth Financial LP grew its position in CAVA Group by 369.2% in the fourth quarter. Allworth Financial LP now owns 244 shares of the company’s stock valued at $30,000 after acquiring an additional 192 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of CAVA Group by 274.0% during the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Whittier Trust Co. lifted its position in shares of CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company’s stock worth $32,000 after purchasing an additional 127 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of CAVA Group by 884.4% in the fourth quarter. Signaturefd LLC now owns 315 shares of the company’s stock valued at $36,000 after purchasing an additional 283 shares during the period. 73.15% of the stock is owned by institutional investors and hedge funds.

CAVA Group Stock Down 10.5 %

CAVA stock opened at $75.30 on Friday. The stock has a market cap of $8.70 billion, a PE ratio of 163.70 and a beta of 3.33. The firm’s 50-day simple moving average is $104.28 and its 200 day simple moving average is $120.60. CAVA Group, Inc. has a fifty-two week low of $58.22 and a fifty-two week high of $172.43.

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

Wall Street Analysts Forecast Growth

CAVA has been the topic of a number of recent analyst reports. Piper Sandler upgraded shares of CAVA Group from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $142.00 to $115.00 in a report on Friday, February 28th. 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 report on Thursday, March 20th. UBS Group dropped their price objective on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Citigroup reduced their target price on CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, Loop Capital dropped their price target on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.25.

Insiders Place Their Bets

In other CAVA Group news, insider Theodoros Xenohristos sold 851 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $101,422.18. Following the sale, the insider now directly owns 358,995 shares in the company, valued at approximately $42,785,024.10. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $84,336.42. Following the completion of the transaction, the insider now owns 57,312 shares of the company’s stock, valued at $7,129,039.68. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,235 shares of company stock worth $3,514,101. 12.10% of the stock is owned by company insiders.

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.