Newbridge Financial Services Group Inc. Buys Shares of 760 CAVA Group, Inc. (NYSE:CAVA)

Newbridge Financial Services Group Inc. purchased a new position in shares of CAVA Group, Inc. (NYSE:CAVA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 760 shares of the company’s stock, valued at approximately $86,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC grew its position in CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after acquiring an additional 125 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of CAVA Group during the 3rd quarter valued at approximately $50,000. Golden State Wealth Management LLC acquired a new position in CAVA Group during the 4th quarter worth approximately $47,000. R Squared Ltd bought a new position in CAVA Group in the 4th quarter valued at approximately $49,000. Finally, Burkett Financial Services LLC acquired a new stake in CAVA Group in the fourth quarter valued at approximately $56,000. 73.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wedbush increased their price target on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein began coverage on CAVA Group in a research note on Wednesday, November 20th. They set a “market perform” rating and a $145.00 price target on the stock. Stifel Nicolaus raised 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, November 13th. Finally, Loop Capital raised their price target on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $142.13.

CAVA Group Trading Up 1.7 %

CAVA stock opened at $140.70 on Tuesday. The firm has a market cap of $16.12 billion, a PE ratio of 305.87 and a beta of 3.25. The stock has a 50-day moving average price of $124.93 and a 200-day moving average price of $122.54. CAVA Group, Inc. has a 1-year low of $48.10 and a 1-year high of $172.43.

CAVA Group (NYSE:CAVA) last issued its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The firm’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. On average, analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Transactions at CAVA Group

In related news, CAO Adam David Phillips sold 615 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $76,499.85. Following the completion of the sale, the chief accounting officer now directly owns 10,884 shares of the company’s stock, valued at $1,353,860.76. The trade was a 5.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Karen Kochevar sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the transaction, the director now directly owns 1,307 shares in the company, valued at approximately $182,980. This trade represents a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 681,784 shares of company stock valued at $100,756,372 in the last quarter. 12.10% of the stock is currently owned by company insiders.

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.