SBI Securities Co. Ltd. Takes $226,000 Position in CAVA Group, Inc. (NYSE:CAVA)

SBI Securities Co. Ltd. acquired a new position in CAVA Group, Inc. (NYSE:CAVA) in the fourth quarter, Holdings Channel reports. The fund acquired 2,005 shares of the company’s stock, valued at approximately $226,000.

A number of other large investors also recently bought and sold shares of CAVA. Conway Capital Management Inc. acquired a new position in shares of CAVA Group during the third quarter worth $5,524,000. Entropy Technologies LP acquired a new position in shares of CAVA Group during the fourth quarter worth $2,097,000. Empowered Funds LLC acquired a new position in shares of CAVA Group during the fourth quarter worth $5,007,000. SpiderRock Advisors LLC increased its position in shares of CAVA Group by 8.9% during the third quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock worth $59,364,000 after purchasing an additional 39,319 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of CAVA Group by 262.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock valued at $63,918,000 after buying an additional 373,835 shares during the last quarter. Institutional investors own 73.15% of the company’s stock.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $149.40, for a total value of $93,008,820.60. Following the completion of the sale, the director now owns 6,307 shares in the company, valued at approximately $942,265.80. This represents a 99.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kenneth Robert Bertram sold 678 shares of the stock in a transaction dated 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 sale, the insider now owns 57,312 shares of the company’s stock, valued at approximately $7,129,039.68. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 651,784 shares of company stock worth $96,522,922. Insiders own 12.10% of the company’s stock.

CAVA Group Stock Up 0.5 %

CAVA opened at $86.70 on Thursday. CAVA Group, Inc. has a twelve month low of $57.92 and a twelve month high of $172.43. The company has a 50-day moving average price of $118.84 and a 200 day moving average price of $125.56. The company has a market cap of $10.02 billion, a PE ratio of 188.47 and a beta of 3.25.

CAVA Group (NYSE:CAVA) last released its quarterly 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 company had revenue of $227.40 million for the quarter, compared to analyst estimates of $223.34 million. As a group, sell-side analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CAVA has been the topic of a number of research analyst reports. TD Securities dropped their price objective on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Morgan Stanley boosted their price objective on shares of CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Stifel Nicolaus boosted their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. William Blair reissued an “outperform” rating on shares of CAVA Group in a report on Wednesday, February 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $150.00 price target on shares of CAVA Group in a report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.47.

CAVA Group Company 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.