William Blair Investment Management LLC Purchases 530,524 Shares of CAVA Group, Inc. $CAVA

by · The Cerbat Gem

William Blair Investment Management LLC raised its position in shares of CAVA Group, Inc. (NYSE:CAVAFree Report) by 28.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,419,247 shares of the company’s stock after acquiring an additional 530,524 shares during the period. William Blair Investment Management LLC’s holdings in CAVA Group were worth $141,986,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. DMC Group LLC boosted its holdings in shares of CAVA Group by 3.7% during the fourth quarter. DMC Group LLC now owns 4,426 shares of the company’s stock worth $260,000 after acquiring an additional 157 shares during the period. Western Pacific Wealth Management LP boosted its holdings in shares of CAVA Group by 32.5% during the fourth quarter. Western Pacific Wealth Management LP now owns 729 shares of the company’s stock worth $43,000 after acquiring an additional 179 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of CAVA Group by 6.0% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 3,852 shares of the company’s stock worth $233,000 after acquiring an additional 219 shares during the period. Allworth Financial LP raised its position in shares of CAVA Group by 57.4% in the fourth quarter. Allworth Financial LP now owns 650 shares of the company’s stock valued at $38,000 after buying an additional 237 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its stake in shares of CAVA Group by 23.5% in the third quarter. Clearstead Advisors LLC now owns 1,325 shares of the company’s stock valued at $80,000 after buying an additional 252 shares during the period. Institutional investors own 73.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CAVA shares. The Goldman Sachs Group raised their price objective on CAVA Group from $75.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Northcoast Research upgraded CAVA Group to a “strong sell” rating in a research note on Tuesday, April 21st. Wall Street Zen upgraded CAVA Group from a “sell” rating to a “hold” rating in a research note on Sunday. BMO Capital Markets set a $100.00 price objective on CAVA Group in a research note on Wednesday. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $95.00 price objective on shares of CAVA Group in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.19.

Get Our Latest Stock Report on CAVA

Insider Transactions at CAVA Group

In other news, insider Theodoros Xenohristos sold 9,044 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $79.75, for a total transaction of $721,259.00. Following the completion of the transaction, the insider directly owned 327,882 shares in the company, valued at approximately $26,148,589.50. This represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Adam David Phillips sold 5,181 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $77.14, for a total transaction of $399,662.34. Following the transaction, the chief accounting officer owned 9,505 shares of the company’s stock, valued at $733,215.70. This trade represents a 35.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 24,235 shares of company stock worth $1,920,420. Corporate insiders own 6.70% of the company’s stock.

More CAVA Group News

Here are the key news stories impacting CAVA Group this week:

  • Positive Sentiment: Argus upgraded CAVA Group from hold to buy, reinforcing the optimistic post-earnings sentiment around the stock. Argus upgrade coverage
  • Positive Sentiment: Analyst commentary continued to lean bullish, with Piper Sandler reaffirming a buy rating, Roth MKM reiterating buy, and TD Cowen maintaining a buy call. Piper Sandler coverage
  • Positive Sentiment: Recent coverage highlighted strong Q1 results, including 9.7% same-restaurant sales growth and improved operating leverage, which supports the case for continued fundamental momentum. Seeking Alpha article
  • Neutral Sentiment: DA Davidson raised its price target to $84 from $80 but kept a neutral rating, suggesting upside potential but also valuation caution. DA Davidson price target update
  • Neutral Sentiment: Insider selling was disclosed by CAO Adam David Phillips and insider Kelly Costanza, though Costanza’s sale was tied to tax withholding on vesting equity awards, making the signal less negative than a discretionary sale. SEC filing

CAVA Group Stock Performance

Shares of NYSE:CAVA opened at $80.41 on Friday. The company has a fifty day moving average of $84.97 and a 200-day moving average of $69.73. The company has a market capitalization of $9.37 billion, a PE ratio of 154.63, a price-to-earnings-growth ratio of 5.61 and a beta of 1.90. CAVA Group, Inc. has a 52-week low of $43.41 and a 52-week high of $98.79.

CAVA Group (NYSE:CAVAGet Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. The company had revenue of $438.27 million during the quarter, compared to the consensus estimate of $360.89 million. CAVA Group had a net margin of 4.79% and a return on equity of 7.92%. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. On average, equities analysts forecast that CAVA Group, Inc. will post 0.54 EPS for the current fiscal year.

CAVA Group Profile

(Free Report)

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.

See Also

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