Schroder Investment Management Group Has $6.07 Million Position in CAVA Group, Inc. (NYSE:CAVA)

Schroder Investment Management Group grew its holdings in CAVA Group, Inc. (NYSE:CAVA) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,434 shares of the company’s stock after buying an additional 3,075 shares during the quarter. Schroder Investment Management Group’s holdings in CAVA Group were worth $6,070,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Howard Financial Services LTD. lifted its holdings in CAVA Group by 1.8% during the 4th quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock worth $699,000 after buying an additional 109 shares in the last quarter. GAMMA Investing LLC raised its position in shares of CAVA Group by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock worth $48,000 after acquiring an additional 114 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after acquiring an additional 127 shares during the period. Mainstream Capital Management LLC boosted its holdings in CAVA Group by 0.7% in the fourth quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company’s stock valued at $2,003,000 after acquiring an additional 132 shares during the last quarter. Finally, PSI Advisors LLC raised its holdings in CAVA Group by 11.3% during the 4th quarter. PSI Advisors LLC now owns 1,473 shares of the company’s stock worth $166,000 after purchasing an additional 150 shares during the last quarter. 73.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Loop Capital lowered their target price on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, February 27th. UBS Group cut their price target on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. Finally, Wedbush reissued an “outperform” rating and issued a $150.00 target price on shares of CAVA Group in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CAVA Group has a consensus rating of “Moderate Buy” and a consensus price target of $130.25.

CAVA Group Trading Down 10.5 %

Shares of NYSE CAVA opened at $75.30 on Friday. The company has a fifty day moving average price of $104.28 and a 200 day moving average price of $120.62. The firm has a market cap of $8.70 billion, a PE ratio of 163.70 and a beta of 3.58. CAVA Group, Inc. has a 1-year low of $58.22 and a 1-year high of $172.43.

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

Insider Transactions at CAVA Group

In other news, insider Theodoros Xenohristos sold 851 shares of the 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 transaction, the insider now directly owns 358,995 shares in the company, valued at $42,785,024.10. This represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Adam David Phillips sold 615 shares of CAVA Group stock in a transaction dated Monday, January 27th. The shares were 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 directly owns 10,884 shares in the company, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,235 shares of company stock valued at $3,514,101 in the last ninety days. 12.10% of the stock is currently owned by corporate insiders.

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.