CAVA Group, Inc. (NYSE:CAVA) Position Raised by Jump Financial LLC

Jump Financial LLC increased its position in CAVA Group, Inc. (NYSE:CAVA) by 1,344.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 222,562 shares of the company’s stock after acquiring an additional 207,150 shares during the period. CAVA Group makes up 0.5% of Jump Financial LLC’s portfolio, making the stock its 19th biggest position. Jump Financial LLC owned approximately 0.19% of CAVA Group worth $25,105,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new stake in shares of CAVA Group during the fourth quarter valued at approximately $25,000. Allworth Financial LP grew its position in CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock valued at $30,000 after buying an additional 192 shares in the last quarter. Larson Financial Group LLC raised its position in shares of CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock worth $31,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company’s stock worth $32,000 after acquiring an additional 127 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of CAVA Group by 884.4% in the fourth quarter. Signaturefd LLC now owns 315 shares of the company’s stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. 73.15% of the stock is currently owned by institutional investors.

CAVA Group Trading Down 1.0 %

NYSE CAVA opened at $89.14 on Tuesday. The company has a market capitalization of $10.30 billion, a PE ratio of 193.78 and a beta of 3.33. CAVA Group, Inc. has a 1-year low of $58.22 and a 1-year high of $172.43. The firm’s fifty day simple moving average is $96.42 and its 200-day simple moving average is $118.34.

CAVA Group (NYSE:CAVA) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. As a group, analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insider Buying and Selling

In other CAVA Group news, insider Kenneth Robert Bertram sold 678 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 transaction of $84,336.42. Following the transaction, the insider now owns 57,312 shares in the company, valued at $7,129,039.68. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Adam David Phillips sold 615 shares of the company’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 $76,499.85. Following the sale, the chief accounting officer now directly owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,235 shares of company stock worth $3,514,101. Corporate insiders own 12.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CAVA. Robert W. Baird set a $105.00 price objective on CAVA Group and gave the stock an “outperform” rating in a research note on Monday, April 7th. Bank of America began coverage on shares of CAVA Group in a research report on Monday, March 31st. They set a “buy” rating and a $112.00 price objective for the company. TD Securities dropped their target price 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. Wedbush restated an “outperform” rating and set a $150.00 target price on shares of CAVA Group in a report on Wednesday, February 26th. Finally, UBS Group dropped their price target on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, CAVA Group has a consensus rating of “Moderate Buy” and a consensus target price of $127.56.

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.