Jefferies Financial Group Inc. Has $418,000 Stock Holdings in CAVA Group, Inc. $CAVA

Jefferies Financial Group Inc. cut its stake in CAVA Group, Inc. (NYSE:CAVA) by 74.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,117 shares of the company’s stock after selling 20,432 shares during the period. Jefferies Financial Group Inc.’s holdings in CAVA Group were worth $418,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on CAVA shares. Telsey Advisory Group lifted their price target on CAVA Group from $92.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Robert W. Baird lifted their price target on CAVA Group from $88.00 to $98.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. TD Cowen reiterated a “buy” rating and issued a $100.00 price target on shares of CAVA Group in a research note on Wednesday, May 20th. Weiss Ratings upgraded CAVA Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, The Goldman Sachs Group lifted their price target on CAVA Group from $75.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.19.

Insider Buying and Selling

In related news, insider Kelly Costanza sold 10,010 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $79.87, for a total transaction of $799,498.70. Following the sale, the insider owned 113,850 shares in the company, valued at $9,093,199.50. The trade was a 8.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Adam David Phillips sold 5,181 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $77.14, for a total value of $399,662.34. Following the sale, the chief accounting officer owned 9,505 shares in the company, valued at $733,215.70. This represents a 35.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,235 shares of company stock worth $1,920,420 in the last 90 days. Insiders own 6.70% of the company’s stock.

CAVA Group Stock Performance

Shares of CAVA opened at $77.47 on Friday. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 148.99, a PEG ratio of 5.33 and a beta of 1.90. CAVA Group, Inc. has a 52-week low of $43.41 and a 52-week high of $98.79. The business’s fifty day moving average is $84.37 and its 200-day moving average is $70.77.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $438.27 million for the quarter, compared to analyst estimates of $360.89 million. CAVA Group had a return on equity of 7.92% and a net margin of 4.79%.CAVA Group’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. As a group, research analysts forecast that CAVA Group, Inc. will post 0.55 EPS for the current fiscal year.

CAVA Group Company 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.