Yeomans Consulting Group Inc. Invests $591,000 in CAVA Group, Inc. (NYSE:CAVA)

Yeomans Consulting Group Inc. purchased a new stake in CAVA Group, Inc. (NYSE:CAVA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,774 shares of the company’s stock, valued at approximately $591,000.

A number of other large investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in 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 buying an additional 125 shares during the period. Dimensional Fund Advisors LP lifted its stake in CAVA Group by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock worth $3,632,000 after purchasing an additional 184 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in CAVA Group by 4.2% during the second quarter. Jaffetilchin Investment Partners LLC now owns 6,907 shares of the company’s stock worth $641,000 after purchasing an additional 278 shares during the last quarter. Jamison Private Wealth Management Inc. acquired a new stake in shares of CAVA Group in the 2nd quarter valued at $28,000. Finally, Nemes Rush Group LLC acquired a new position in shares of CAVA Group during the 2nd quarter worth $28,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on CAVA Group from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Loop Capital lifted their price target on shares of CAVA Group from $80.00 to $122.00 and gave the company a “hold” rating in a report on Monday, August 26th. Robert W. Baird upped their price objective on shares of CAVA Group from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. UBS Group started coverage on shares of CAVA Group in a research report on Friday, September 27th. They issued a “neutral” rating and a $135.00 target price on the stock. Finally, Morgan Stanley downgraded shares of CAVA Group from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $90.00 to $110.00 in a report on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.93.

CAVA Group Trading Up 2.6 %

NYSE:CAVA traded up $3.52 during trading hours on Monday, hitting $139.61. 700,592 shares of the company were exchanged, compared to its average volume of 2,712,039. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 331.93 and a beta of 3.33. CAVA Group, Inc. has a one year low of $29.66 and a one year high of $140.69. The company has a fifty day simple moving average of $123.64 and a 200 day simple moving average of $96.79.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. The company had revenue of $233.50 million during the quarter, compared to the consensus estimate of $219.47 million. During the same period last year, the company earned $0.21 earnings per share. The firm’s revenue was up 35.1% compared to the same quarter last year. Equities research analysts predict that CAVA Group, Inc. will post 0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were 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 approximately $36,762,264. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other CAVA Group 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 value of $628,200.00. Following the transaction, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at approximately $36,762,264. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Theodoros Xenohristos sold 98,490 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the sale, the director now directly owns 424,846 shares of the company’s stock, valued at approximately $53,432,881.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 304,994 shares of company stock worth $38,310,084. 12.10% of the stock is currently 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.