XTX Topco Ltd Lowers Stake in CAVA Group, Inc. (NYSE:CAVA)

by · The Markets Daily

XTX Topco Ltd trimmed its holdings in CAVA Group, Inc. (NYSE:CAVA – Free Report) by 49.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,348 shares of the company’s stock after selling 3,334 shares during the period. XTX Topco Ltd’s holdings in CAVA Group were worth $378,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Arcadia Investment Management Corp MI acquired a new stake in CAVA Group during the 4th quarter worth approximately $25,000. Allworth Financial LP lifted its holdings in shares of CAVA Group by 369.2% during the fourth quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after purchasing an additional 192 shares during the period. Larson Financial Group LLC grew its position in CAVA Group by 274.0% in the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. Whittier Trust Co. raised its position in CAVA Group by 80.9% during the 4th quarter. Whittier Trust Co. now owns 284 shares of the company’s stock worth $32,000 after buying an additional 127 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of CAVA Group by 884.4% in the 4th quarter. Signaturefd LLC now owns 315 shares of the company’s stock worth $36,000 after acquiring an additional 283 shares during the period. Institutional investors and hedge funds own 73.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CAVA. Wedbush reissued an “outperform” rating and set a $150.00 price target on shares of CAVA Group in a report on Wednesday, February 26th. Loop Capital reduced their price target on CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Citigroup dropped their price objective on CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. William Blair reissued an “outperform” rating on shares of CAVA Group in a report on Wednesday, February 26th. Finally, Barclays cut their price target on shares of CAVA Group from $104.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, CAVA Group presently has a consensus rating of “Moderate Buy” and an average target price of $126.06.

Check Out Our Latest Stock Report on CAVA

CAVA Group Stock Up 1.1 %

NYSE CAVA opened at $81.28 on Wednesday. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of 176.70 and a beta of 3.33. CAVA Group, Inc. has a fifty-two week low of $59.02 and a fifty-two week high of $172.43. The business has a fifty day moving average of $90.32 and a 200-day moving average of $116.74.

CAVA Group (NYSE:CAVA – Get Free Report) last released 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 firm had revenue of $227.40 million during the quarter, compared to analysts’ expectations 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 anticipate 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 firm’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 $84,336.42. Following the sale, the insider now directly owns 57,312 shares of the company’s stock, valued at approximately $7,129,039.68. This trade represents a 1.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brett Schulman sold 2,936 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $365,209.04. Following the transaction, the chief executive officer now directly owns 773,433 shares of the company’s stock, valued at approximately $96,207,330.87. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,734 shares of company stock worth $713,252. 12.10% of the stock is owned by insiders.

CAVA Group Profile

(Free Report)

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.

Further Reading

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