2,900 Shares in CAVA Group, Inc. $CAVA Purchased by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. purchased a new stake in CAVA Group, Inc. (NYSE:CAVA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,900 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its position in shares of CAVA Group by 37.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the company’s stock valued at $46,000 after purchasing an additional 144 shares during the last quarter. Tsfg LLC boosted its stake in CAVA Group by 19.1% in the 2nd quarter. Tsfg LLC now owns 937 shares of the company’s stock valued at $79,000 after purchasing an additional 150 shares during the period. D.A. Davidson & CO. grew its holdings in CAVA Group by 0.4% in the 2nd quarter. D.A. Davidson & CO. now owns 34,342 shares of the company’s stock valued at $2,893,000 after buying an additional 153 shares in the last quarter. Whittier Trust Co. increased its position in CAVA Group by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 457 shares of the company’s stock worth $38,000 after buying an additional 173 shares during the period. Finally, ProShare Advisors LLC increased its position in CAVA Group by 5.1% during the 2nd quarter. ProShare Advisors LLC now owns 3,640 shares of the company’s stock worth $307,000 after buying an additional 177 shares during the period. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on CAVA. TD Cowen decreased their price target on shares of CAVA Group from $80.00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. UBS Group decreased their target price on shares of CAVA Group from $75.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Piper Sandler lowered their target price on shares of CAVA Group from $100.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Stifel Nicolaus set a $75.00 price target on CAVA Group in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $68.00 price objective on shares of CAVA Group in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.75.

CAVA Group Trading Down 1.1%

NYSE CAVA opened at $48.20 on Friday. The firm’s 50 day simple moving average is $60.53 and its 200 day simple moving average is $74.95. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 41.55, a P/E/G ratio of 2.76 and a beta of 2.47. CAVA Group, Inc. has a 1 year low of $45.57 and a 1 year high of $153.34.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $292.24 million for the quarter, compared to analyst estimates of $292.88 million. CAVA Group had a net margin of 12.14% and a return on equity of 8.88%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. On average, equities research analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

CAVA Group Company 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.