Headlands Technologies LLC Takes Position in CAVA Group, Inc. (NYSE:CAVA)

Headlands Technologies LLC purchased a new position in shares of CAVA Group, Inc. (NYSE:CAVA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 403 shares of the company’s stock, valued at approximately $37,000.

A number of other institutional investors have also recently bought and sold shares of CAVA. Vanguard Group Inc. raised its holdings in CAVA Group by 215.7% in the 1st quarter. Vanguard Group Inc. now owns 4,944,036 shares of the company’s stock valued at $346,330,000 after acquiring an additional 3,377,840 shares in the last quarter. Capital Research Global Investors raised its stake in CAVA Group by 249.5% in the fourth quarter. Capital Research Global Investors now owns 4,369,281 shares of the company’s stock valued at $187,792,000 after purchasing an additional 3,119,281 shares in the last quarter. 1832 Asset Management L.P. lifted its position in CAVA Group by 79.5% during the fourth quarter. 1832 Asset Management L.P. now owns 2,248,400 shares of the company’s stock worth $96,636,000 after purchasing an additional 995,800 shares during the period. Artemis Investment Management LLP acquired a new stake in CAVA Group during the first quarter worth about $38,225,000. Finally, Lord Abbett & CO. LLC increased its holdings in CAVA Group by 55.9% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,373,749 shares of the company’s stock valued at $96,231,000 after buying an additional 492,667 shares during the period. Institutional investors and hedge funds own 73.15% of the company’s stock.

Insider Buying and Selling at CAVA Group

In other news, Director Theodoros Xenohristos sold 90,000 shares of CAVA Group stock in a transaction on Monday, June 24th. The shares were sold at an average price of $91.01, for a total value of $8,190,900.00. Following the completion of the sale, the director now owns 424,846 shares in the company, valued at approximately $38,665,234.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CAVA Group news, CFO Tricia K. Tolivar sold 5,949 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $94.47, for a total value of $562,002.03. Following the completion of the sale, the chief financial officer now owns 297,600 shares of the company’s stock, valued at $28,114,272. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodoros Xenohristos sold 90,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $91.01, for a total value of $8,190,900.00. Following the sale, the director now owns 424,846 shares of the company’s stock, valued at approximately $38,665,234.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 400,943 shares of company stock valued at $47,062,986.

CAVA Group Stock Performance

Shares of NYSE CAVA opened at $122.45 on Wednesday. The company’s 50 day moving average price is $98.36 and its 200-day moving average price is $83.93. CAVA Group, Inc. has a 52-week low of $29.05 and a 52-week high of $128.18. The company has a market capitalization of $13.96 billion, a P/E ratio of 298.66 and a beta of 3.34.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. The company had revenue of $233.50 million for the quarter, compared to the consensus estimate of $219.47 million. During the same period in the previous year, the business earned $0.21 EPS. The firm’s revenue was up 35.1% compared to the same quarter last year. Analysts forecast that CAVA Group, Inc. will post 0.43 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on CAVA shares. JPMorgan Chase & Co. increased their price target on shares of CAVA Group from $77.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Piper Sandler lowered CAVA Group from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $63.00 to $92.00 in a research note on Thursday, May 30th. Loop Capital boosted their target price on CAVA Group from $80.00 to $122.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Citigroup raised their price target on shares of CAVA Group from $93.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Finally, Argus upped their price objective on shares of CAVA Group from $104.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, CAVA Group has an average rating of “Moderate Buy” and a consensus target price of $111.58.

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.