Mitsubishi UFJ Asset Management Co. Ltd. Buys 18,900 Shares of CAVA Group, Inc. $CAVA

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CAVA Group, Inc. (NYSE:CAVA) by 28.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,106 shares of the company’s stock after purchasing an additional 18,900 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of CAVA Group worth $7,253,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its position in CAVA Group by 37.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the company’s stock valued at $46,000 after buying an additional 144 shares during the last quarter. Tsfg LLC lifted its stake in shares of CAVA Group by 19.1% during the second quarter. Tsfg LLC now owns 937 shares of the company’s stock valued at $79,000 after acquiring an additional 150 shares during the period. D.A. Davidson & CO. boosted its holdings in CAVA Group by 0.4% in the second quarter. D.A. Davidson & CO. now owns 34,342 shares of the company’s stock valued at $2,893,000 after acquiring an additional 153 shares during the last quarter. Whittier Trust Co. increased its position in CAVA Group by 60.9% in the second quarter. Whittier Trust Co. now owns 457 shares of the company’s stock worth $38,000 after purchasing an additional 173 shares during the period. Finally, Twin Capital Management Inc. raised its holdings in CAVA Group by 2.2% during the 2nd quarter. Twin Capital Management Inc. now owns 9,485 shares of the company’s stock worth $799,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CAVA shares. Barclays cut their target price on shares of CAVA Group from $64.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Citigroup restated a “neutral” rating on shares of CAVA Group in a report on Wednesday. Cfra Research raised shares of CAVA Group to a “strong-buy” rating in a report on Thursday, August 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $68.00 target price on shares of CAVA Group in a research report on Wednesday, November 5th. Finally, Royal Bank Of Canada set a $70.00 price target on CAVA Group in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.55.

CAVA Group Stock Performance

Shares of NYSE:CAVA opened at $48.68 on Thursday. The company has a 50 day moving average price of $60.88 and a two-hundred day moving average price of $75.13. The company has a market capitalization of $5.65 billion, a PE ratio of 41.97, a PEG ratio of 2.79 and a beta of 2.47. CAVA Group, Inc. has a 52 week low of $45.57 and a 52 week high of $172.43.

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 the consensus estimate of $0.13 by ($0.01). CAVA Group had a net margin of 12.14% and a return on equity of 8.88%. The firm had revenue of $292.24 million during the quarter, compared to analyst estimates of $292.88 million. During the same period last year, the firm earned $0.15 EPS. CAVA Group’s quarterly revenue was up 19.9% on a year-over-year basis. On average, sell-side analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

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.