S.A. Mason LLC Invests $431,000 in CAVA Group, Inc. (NYSE:CAVA)

S.A. Mason LLC acquired a new position in shares of CAVA Group, Inc. (NYSE:CAVA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,821 shares of the company’s stock, valued at approximately $431,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 125 shares during the period. R Squared Ltd acquired a new position in shares of CAVA Group in the 4th quarter valued at $49,000. Sunbelt Securities Inc. purchased a new position in shares of CAVA Group during the 3rd quarter worth $50,000. Burkett Financial Services LLC acquired a new stake in shares of CAVA Group during the 4th quarter worth about $56,000. Finally, Geneos Wealth Management Inc. purchased a new stake in CAVA Group in the 4th quarter valued at about $63,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Price Performance

CAVA Group stock opened at $134.92 on Monday. The business has a 50 day simple moving average of $125.06 and a 200-day simple moving average of $120.41. CAVA Group, Inc. has a 12 month low of $46.56 and a 12 month high of $172.43. The stock has a market capitalization of $15.46 billion, a PE ratio of 293.31 and a beta of 3.25.

CAVA Group (NYSE:CAVA) last released its earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The company had revenue of $243.82 million during the quarter, compared to analysts’ expectations of $233.05 million. During the same quarter last year, the business earned $0.06 EPS. The business’s revenue was up 38.9% on a year-over-year basis. As a group, equities research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Activity at CAVA Group

In other CAVA Group news, CFO Tricia K. Tolivar sold 2,086 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $248,609.48. Following the sale, the chief financial officer now owns 235,592 shares of the company’s stock, valued at approximately $28,077,854.56. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction on Monday, December 9th. The stock was sold at an average price of $149.40, for a total value of $93,008,820.60. Following the transaction, the director now directly owns 6,307 shares of the company’s stock, valued at $942,265.80. This trade represents a 99.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 681,784 shares of company stock worth $100,756,372 over the last three months. 12.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CAVA has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on shares of CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Sanford C. Bernstein began coverage on CAVA Group in a research report on Wednesday, November 20th. They set a “market perform” rating and a $145.00 price target for the company. UBS Group cut 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. William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. Finally, Piper Sandler upped their price objective on CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, CAVA Group presently has an average rating of “Moderate Buy” and an average price target of $142.13.

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.