65,890 Shares in CAVA Group, Inc. (NYSE:CAVA) Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new stake in CAVA Group, Inc. (NYSE:CAVA) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 65,890 shares of the company’s stock, valued at approximately $2,832,000.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in CAVA Group in the third quarter valued at approximately $26,000. PNC Financial Services Group Inc. grew its stake in CAVA Group by 190.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 870 shares of the company’s stock worth $27,000 after buying an additional 570 shares during the last quarter. Clearstead Advisors LLC acquired a new position in CAVA Group during the 3rd quarter valued at about $31,000. Hollencrest Capital Management acquired a new stake in CAVA Group in the third quarter worth about $75,000. Finally, Amalgamated Bank acquired a new position in shares of CAVA Group during the third quarter valued at about $103,000. 73.15% of the stock is owned by institutional investors.

CAVA Group Stock Up 3.0 %

CAVA traded up $2.13 during trading on Monday, hitting $74.30. The company’s stock had a trading volume of 3,114,482 shares, compared to its average volume of 2,271,108. The business’s fifty day simple moving average is $64.43 and its 200 day simple moving average is $49.25. CAVA Group, Inc. has a twelve month low of $29.05 and a twelve month high of $77.14.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $175.50 million during the quarter, compared to analyst estimates of $240.03 million. CAVA Group had a net margin of 1.82% and a return on equity of 4.28%. The company’s revenue was up 52.6% on a year-over-year basis. Analysts predict that CAVA Group, Inc. will post 0.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CAVA Group news, Director Theodoros Xenohristos sold 47,239 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $68.29, for a total transaction of $3,225,951.31. Following the completion of the sale, the director now directly owns 526,521 shares in the company, valued at approximately $35,956,119.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other CAVA Group news, Director Theodoros Xenohristos sold 47,239 shares of CAVA Group stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $68.29, for a total transaction of $3,225,951.31. Following the sale, the director now owns 526,521 shares of the company’s stock, valued at approximately $35,956,119.09. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Ronald M. Shaich sold 1,500,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $57.20, for a total transaction of $85,800,000.00. Following the completion of the sale, the insider now owns 4,457,634 shares of the company’s stock, valued at $254,976,664.80. The disclosure for this sale can be found here. Insiders sold a total of 3,547,239 shares of company stock worth $221,525,951 in the last 90 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CAVA shares. Morgan Stanley upped their price target on shares of CAVA Group from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Piper Sandler raised their price objective on CAVA Group from $46.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Barclays assumed coverage on CAVA Group in a research report on Monday, April 15th. They issued an “equal weight” rating and a $58.00 target price on the stock. Argus upgraded shares of CAVA Group from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lifted their price objective on CAVA Group from $50.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.42.

About CAVA Group

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.