Juno Financial Group LLC Buys Shares of 9,143 CAVA Group, Inc. $CAVA

Juno Financial Group LLC purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 9,143 shares of the company’s stock, valued at approximately $537,000.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of CAVA Group by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 9,345,976 shares of the company’s stock valued at $564,590,000 after buying an additional 313,938 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of CAVA Group by 28.5% during the 3rd quarter. Capital Research Global Investors now owns 6,634,866 shares of the company’s stock valued at $400,801,000 after buying an additional 1,469,758 shares during the last quarter. Capital International Investors lifted its holdings in shares of CAVA Group by 105.4% during the 3rd quarter. Capital International Investors now owns 4,228,736 shares of the company’s stock valued at $255,451,000 after buying an additional 2,169,553 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of CAVA Group by 118.3% during the 3rd quarter. Alliancebernstein L.P. now owns 2,953,688 shares of the company’s stock valued at $178,432,000 after buying an additional 1,600,630 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of CAVA Group by 5.0% during the 2nd quarter. State Street Corp now owns 2,543,335 shares of the company’s stock valued at $214,225,000 after buying an additional 122,163 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barclays lifted their price target on CAVA Group from $52.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Wolfe Research initiated coverage on CAVA Group in a report on Monday, March 9th. They issued an “outperform” rating and a $93.00 target price for the company. Royal Bank Of Canada boosted their target price on CAVA Group from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. BNP Paribas Exane initiated coverage on CAVA Group in a report on Monday, March 30th. They issued a “neutral” rating and a $91.00 target price for the company. Finally, Truist Financial boosted their target price on CAVA Group from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, CAVA Group presently has an average rating of “Moderate Buy” and a consensus target price of $88.89.

CAVA Group Stock Up 0.4%

Shares of CAVA stock opened at $96.63 on Thursday. CAVA Group, Inc. has a 12 month low of $43.41 and a 12 month high of $101.50. The firm has a market cap of $11.25 billion, a PE ratio of 178.95, a price-to-earnings-growth ratio of 8.03 and a beta of 2.03. The stock has a 50 day moving average of $80.97 and a 200-day moving average of $66.67.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. CAVA Group had a return on equity of 8.43% and a net margin of 5.40%.The company had revenue of $274.99 million during the quarter, compared to analyst estimates of $268.04 million. During the same period in the previous year, the company earned $0.05 earnings per share. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. As a group, equities analysts predict that CAVA Group, Inc. will post 0.51 EPS for the current fiscal year.

Insider Activity at CAVA Group

In other news, CEO Brett Schulman sold 4,542 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total transaction of $282,239.88. Following the sale, the chief executive officer directly owned 802,783 shares in the company, valued at approximately $49,884,935.62. The trade was a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Theodoros Xenohristos sold 1,039 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $62.14, for a total value of $64,563.46. Following the sale, the insider owned 332,205 shares in the company, valued at approximately $20,643,218.70. This represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 11,460 shares of company stock valued at $712,124. 6.80% of the stock is owned by corporate insiders.

CAVA Group Profile

CAVA Group, Inc (NYSE: CAVA) is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe’s Kitchen.