Cwm LLC Purchases 1,274 Shares of CAVA Group, Inc. (NYSE:CAVA)

Cwm LLC grew its position in CAVA Group, Inc. (NYSE:CAVA) by 220.4% in the third quarter, Holdings Channel.com reports. The fund owned 1,852 shares of the company’s stock after buying an additional 1,274 shares during the period. Cwm LLC’s holdings in CAVA Group were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after buying an additional 125 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of CAVA Group by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock worth $3,632,000 after buying an additional 184 shares during the period. Jaffetilchin Investment Partners LLC lifted its position in shares of CAVA Group by 4.2% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 6,907 shares of the company’s stock worth $641,000 after buying an additional 278 shares during the period. Jamison Private Wealth Management Inc. bought a new position in shares of CAVA Group during the 2nd quarter worth approximately $28,000. Finally, Nemes Rush Group LLC bought a new position in shares of CAVA Group during the 2nd quarter worth approximately $28,000. Institutional investors own 73.15% of the company’s stock.

CAVA Group Stock Performance

NYSE CAVA opened at $136.29 on Wednesday. The stock has a fifty day moving average of $121.25 and a 200-day moving average of $95.22. The stock has a market capitalization of $15.54 billion, a P/E ratio of 332.41 and a beta of 3.33. CAVA Group, Inc. has a 52 week low of $29.66 and a 52 week high of $136.96.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, topping 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 business had revenue of $233.50 million during the quarter, compared to analysts’ expectations of $219.47 million. During the same period in the previous year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. Equities research analysts forecast that CAVA Group, Inc. will post 0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Robert W. Baird raised their target price on CAVA Group from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Morgan Stanley cut CAVA Group from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $90.00 to $110.00 in a report on Thursday, August 29th. Citigroup raised their price target on CAVA Group from $93.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Stifel Nicolaus raised their price target on CAVA Group from $90.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 19th. Finally, Argus raised their price target on CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.93.

Insider Buying and Selling

In related news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.64, for a total transaction of $628,200.00. Following the completion of the sale, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at $36,762,264. The trade was a 0.00 % 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. In other CAVA Group news, Director Theodoros Xenohristos sold 98,490 shares of CAVA Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the transaction, the director now directly owns 424,846 shares in the company, valued at approximately $53,432,881.42. The trade was a 0.00 % 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, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.64, for a total value of $628,200.00. Following the transaction, the chief financial officer now owns 292,600 shares in the company, valued at approximately $36,762,264. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 304,994 shares of company stock valued at $38,310,084 over the last three months. Company insiders own 12.10% of the company’s stock.

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.