First Trust Advisors LP Invests $1.53 Million in CAVA Group, Inc. $CAVA

Posted by Geri Gentry on Aug 10th, 2026

First Trust Advisors LP purchased a new position in CAVA Group, Inc. (NYSE:CAVA – Free Report) in the 1st quarter, HoldingsChannel reports. The fund purchased 18,913 shares of the company’s stock, valued at approximately $1,530,000.

A number of other hedge funds also recently bought and sold shares of CAVA. Capital Research Global Investors grew its position in CAVA Group by 27.2% during the 4th quarter. Capital Research Global Investors now owns 8,440,040 shares of the company’s stock valued at $495,344,000 after purchasing an additional 1,805,174 shares during the last quarter. Capital International Investors raised its holdings in CAVA Group by 15.5% in the fourth quarter. Capital International Investors now owns 4,885,317 shares of the company’s stock worth $286,718,000 after buying an additional 656,581 shares during the last quarter. Morgan Stanley raised its holdings in CAVA Group by 33.7% in the fourth quarter. Morgan Stanley now owns 3,318,894 shares of the company’s stock worth $194,786,000 after buying an additional 835,628 shares during the last quarter. State Street Corp lifted its stake in shares of CAVA Group by 1.3% in the fourth quarter. State Street Corp now owns 2,920,442 shares of the company’s stock worth $171,401,000 after buying an additional 36,508 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of CAVA Group by 28.1% in the fourth quarter. William Blair Investment Management LLC now owns 2,419,247 shares of the company’s stock worth $141,986,000 after buying an additional 530,524 shares in the last quarter. Institutional investors own 73.15% of the company’s stock.

CAVA Group Stock Performance

CAVA Group stock opened at $62.33 on Monday. The stock has a market cap of $7.26 billion, a PE ratio of 119.86, a price-to-earnings-growth ratio of 4.28 and a beta of 1.75. CAVA Group, Inc. has a one year low of $43.41 and a one year high of $98.79. The stock has a fifty day moving average of $73.56 and a 200 day moving average of $76.89.

CAVA Group (NYSE:CAVA – Get Free Report) last posted its earnings results on Tuesday, May 19th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $438.27 million for the quarter, compared to the consensus estimate of $360.89 million. CAVA Group had a return on equity of 7.92% and a net margin of 4.79%.CAVA Group’s revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. As a group, sell-side analysts predict that CAVA Group, Inc. will post 0.54 EPS for the current fiscal year.

Insider Activity

In other news, Director Karen Kochevar sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $90.00, for a total value of $900,000.00. Following the transaction, the director owned 3,074 shares in the company, valued at $276,660. This represents a 76.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Adam David Phillips sold 757 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $89.43, for a total transaction of $67,698.51. Following the completion of the transaction, the chief accounting officer directly owned 6,848 shares in the company, valued at approximately $612,416.64. The trade was a 9.95% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 82,703 shares of company stock worth $7,249,579. Company insiders own 6.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. KeyCorp raised their price target on shares of CAVA Group from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Stifel Nicolaus upped their price objective on CAVA Group from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. TD Cowen reiterated a “buy” rating and set a $100.00 target price on shares of CAVA Group in a research note on Thursday, June 4th. Freedom Capital raised CAVA Group to a “hold” rating in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group boosted their price target on CAVA Group from $75.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CAVA Group presently has an average rating of “Moderate Buy” and an average price target of $92.46.

Read Our Latest Stock Analysis on CAVA Group

CAVA Group Profile

(Free Report)

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.