Leibman Financial Services Inc. Has $1.55 Million Stock Position in CAVA Group, Inc. $CAVA

Leibman Financial Services Inc. raised its holdings in CAVA Group, Inc. (NYSE:CAVA) by 109.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,612 shares of the company’s stock after acquiring an additional 13,383 shares during the quarter. Leibman Financial Services Inc.’s holdings in CAVA Group were worth $1,547,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Greenwood Capital Associates LLC lifted its holdings in shares of CAVA Group by 76.7% during the 3rd quarter. Greenwood Capital Associates LLC now owns 6,570 shares of the company’s stock valued at $397,000 after purchasing an additional 2,851 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of CAVA Group during the 3rd quarter worth approximately $793,000. Robbins Farley grew its position in shares of CAVA Group by 3.5% in the 3rd quarter. Robbins Farley now owns 26,408 shares of the company’s stock valued at $1,595,000 after acquiring an additional 889 shares during the period. Brookstone Capital Management lifted its position in shares of CAVA Group by 15.0% in the third quarter. Brookstone Capital Management now owns 15,924 shares of the company’s stock valued at $962,000 after buying an additional 2,077 shares during the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of CAVA Group by 12.7% in the third quarter. Yousif Capital Management LLC now owns 31,314 shares of the company’s stock valued at $1,892,000 after purchasing an additional 3,527 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Stock Down 0.5%

Shares of CAVA opened at $59.88 on Tuesday. The stock has a market cap of $6.95 billion, a P/E ratio of 51.62, a P/E/G ratio of 3.39 and a beta of 2.51. CAVA Group, Inc. has a 52 week low of $43.41 and a 52 week high of $144.49. The business’s 50 day moving average price is $53.59 and its 200-day moving average price is $66.79.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $292.24 million for the quarter, compared to the consensus estimate of $292.88 million. CAVA Group had a net margin of 12.14% and a return on equity of 8.88%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. On average, equities analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Insiders Place Their Bets

In other news, insider Kenneth Robert Bertram sold 3,788 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $50.70, for a total value of $192,051.60. Following the completion of the transaction, the insider owned 51,143 shares of the company’s stock, valued at $2,592,950.10. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 12.10% of the company’s stock.

Analyst Upgrades and Downgrades

CAVA has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $68.00 target price on shares of CAVA Group in a research report on Wednesday, November 5th. Citigroup reiterated a “neutral” rating on shares of CAVA Group in a research note on Wednesday, November 12th. Sanford C. Bernstein dropped their price target on shares of CAVA Group from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Morgan Stanley set a $86.00 price target on CAVA Group in a report on Wednesday, November 5th. Finally, Mizuho raised shares of CAVA Group to a “hold” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.00.

About CAVA Group

CAVA Group, Inc (NYSE: CAVA) is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe’s Kitchen.