Mitsubishi UFJ Asset Management Co. Ltd. Increases Holdings in CAVA Group, Inc. (NYSE:CAVA)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CAVA Group, Inc. (NYSE:CAVA) by 27.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 56,206 shares of the company’s stock after buying an additional 12,200 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in CAVA Group were worth $6,468,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at CAVA Group

In related news, CAO Adam David Phillips sold 615 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 value of $76,499.85. Following the completion of the sale, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. This trade represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Theodoros Xenohristos sold 851 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $101,422.18. Following the completion of the sale, the insider now directly owns 358,995 shares of the company’s stock, valued at $42,785,024.10. This represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,235 shares of company stock worth $3,514,101. Corporate insiders own 12.10% of the company’s stock.

CAVA Group Trading Up 0.8 %

NYSE CAVA opened at $86.53 on Tuesday. CAVA Group, Inc. has a twelve month low of $58.22 and a twelve month high of $172.43. The stock has a 50-day moving average of $107.40 and a 200 day moving average of $121.67. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of 188.10 and a beta of 3.58.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CAVA shares. UBS Group dropped their price objective on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. TD Securities dropped their price objective 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. Bank of America started coverage on CAVA Group in a research report on Monday. They issued a “buy” rating and a $112.00 target price on the stock. Loop Capital dropped their price objective on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, Barclays reduced their target price on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.25.

About CAVA Group

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.