CAVA Group, Inc. (NYSE:CAVA) Stock Holdings Increased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd raised its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 177.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Howard Financial Services LTD. boosted its stake in shares of CAVA Group by 1.8% during the 4th quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock worth $699,000 after acquiring an additional 109 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of CAVA Group by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after purchasing an additional 114 shares during the last quarter. Whittier Trust Co. boosted its position in shares of CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares during the period. Mainstream Capital Management LLC increased its stake in CAVA Group by 0.7% in the 4th quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company’s stock worth $2,003,000 after purchasing an additional 132 shares in the last quarter. Finally, PSI Advisors LLC raised its holdings in CAVA Group by 11.3% during the 4th quarter. PSI Advisors LLC now owns 1,473 shares of the company’s stock worth $166,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 73.15% of the company’s stock.

Insider Activity at CAVA Group

In other news, CFO Tricia K. Tolivar sold 1,505 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $187,206.95. Following the completion of the sale, the chief financial officer now directly owns 234,087 shares of the company’s stock, valued at approximately $29,118,081.93. This represents a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth Robert Bertram sold 678 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $84,336.42. Following the transaction, the insider now directly owns 57,312 shares in the company, valued at $7,129,039.68. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,235 shares of company stock worth $3,514,101. 12.10% of the stock is owned by insiders.

CAVA Group Price Performance

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

CAVA Group (NYSE:CAVA) last posted its 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 during the quarter, compared to analyst estimates of $223.34 million. On average, equities analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CAVA. Wedbush reissued an “outperform” rating and issued a $150.00 target price on shares of CAVA Group in a research report on Wednesday, February 26th. TD Securities cut their target price on shares of CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Barclays reduced their target price on CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. William Blair reissued an “outperform” rating on shares of CAVA Group in a research report on Wednesday, February 26th. Finally, Bank of America initiated coverage on CAVA Group in a research note on Monday, March 31st. They issued a “buy” rating and a $112.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.25.

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.