MGO One Seven LLC Makes New $331,000 Investment in CAVA Group, Inc. $CAVA

MGO One Seven LLC bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,932 shares of the company’s stock, valued at approximately $331,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. grew its position in CAVA Group by 37.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 530 shares of the company’s stock worth $46,000 after buying an additional 144 shares during the period. World Investment Advisors grew its position in CAVA Group by 6.3% during the first quarter. World Investment Advisors now owns 3,565 shares of the company’s stock worth $308,000 after buying an additional 210 shares during the period. Dearborn Partners LLC grew its position in CAVA Group by 10.4% during the first quarter. Dearborn Partners LLC now owns 2,449 shares of the company’s stock worth $212,000 after buying an additional 230 shares during the period. Cim LLC grew its position in shares of CAVA Group by 2.6% in the first quarter. Cim LLC now owns 9,755 shares of the company’s stock valued at $843,000 after purchasing an additional 247 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in shares of CAVA Group by 168.0% in the first quarter. Brooklyn Investment Group now owns 402 shares of the company’s stock valued at $35,000 after purchasing an additional 252 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

CAVA Group Stock Performance

Shares of CAVA opened at $63.18 on Monday. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 53.10, a PEG ratio of 3.17 and a beta of 2.50. The company’s 50 day simple moving average is $65.76 and its 200 day simple moving average is $78.83. CAVA Group, Inc. has a 1 year low of $58.33 and a 1 year high of $172.43.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $280.62 million for the quarter, compared to the consensus estimate of $285.65 million. CAVA Group had a net margin of 12.98% and a return on equity of 9.83%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Equities analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CAVA has been the topic of several research reports. Citigroup lowered their price target on shares of CAVA Group from $102.00 to $88.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 13th. Robert W. Baird set a $95.00 price target on shares of CAVA Group in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lowered their price target on shares of CAVA Group from $115.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 25th. Wall Street Zen lowered shares of CAVA Group from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. Finally, The Goldman Sachs Group initiated coverage on shares of CAVA Group in a research report on Monday. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.50.

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.