OneDigital Investment Advisors LLC Grows Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

OneDigital Investment Advisors LLC lifted its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 22.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,041 shares of the company’s stock after acquiring an additional 560 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in CAVA Group were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jamison Private Wealth Management Inc. purchased a new stake in shares of CAVA Group in the 2nd quarter worth approximately $28,000. Nemes Rush Group LLC bought a new position in CAVA Group in the second quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC purchased a new stake in CAVA Group during the second quarter worth $36,000. Headlands Technologies LLC bought a new stake in CAVA Group during the 2nd quarter valued at $37,000. Finally, GAMMA Investing LLC increased its holdings in shares of CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after acquiring an additional 125 shares during the period. Institutional investors own 73.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CAVA. Jefferies Financial Group raised their target price on shares of CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Loop Capital boosted their target price on CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Piper Sandler increased their price target on CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Barclays boosted their price target on CAVA Group from $113.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Citigroup increased their price objective on shares of CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.80.

CAVA Group Trading Up 3.7 %

CAVA Group stock opened at $144.85 on Friday. CAVA Group, Inc. has a 52 week low of $31.47 and a 52 week high of $172.43. The stock has a market cap of $16.60 billion, a P/E ratio of 303.57 and a beta of 3.23. The stock has a 50 day moving average of $132.82 and a 200-day moving average of $105.93.

CAVA Group (NYSE:CAVA) last issued its earnings results on Tuesday, November 12th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $243.82 million during the quarter, compared to analyst estimates of $233.05 million. During the same quarter last year, the firm earned $0.06 EPS. The business’s revenue was up 38.9% on a year-over-year basis. As a group, equities analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling at CAVA Group

In related news, CFO Tricia K. Tolivar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.64, for a total transaction of $628,200.00. Following the sale, the chief financial officer now owns 292,600 shares of the company’s stock, valued at $36,762,264. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $142.23, for a total value of $2,133,450.00. Following the completion of the sale, the director now directly owns 1,307 shares in the company, valued at $185,894.61. This represents a 91.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 334,994 shares of company stock worth $42,543,534. 12.10% of the stock is owned by 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.