Prospect Financial Services LLC Acquires Shares of 17,170 CAVA Group, Inc. $CAVA

Prospect Financial Services LLC bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,170 shares of the company’s stock, valued at approximately $1,348,000. CAVA Group accounts for approximately 0.7% of Prospect Financial Services LLC’s portfolio, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new stake in shares of CAVA Group in the fourth quarter valued at approximately $25,000. FNY Investment Advisers LLC purchased a new position in CAVA Group during the 2nd quarter worth $31,000. TD Private Client Wealth LLC raised its position in CAVA Group by 118.2% during the 4th quarter. TD Private Client Wealth LLC now owns 600 shares of the company’s stock valued at $35,000 after purchasing an additional 325 shares in the last quarter. Allworth Financial LP raised its position in CAVA Group by 57.4% during the 4th quarter. Allworth Financial LP now owns 650 shares of the company’s stock valued at $38,000 after purchasing an additional 237 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of CAVA Group by 115.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 647 shares of the company’s stock worth $38,000 after buying an additional 347 shares during the period. Institutional investors own 73.15% of the company’s stock.

CAVA Group Stock Up 3.2%

CAVA Group stock opened at $74.46 on Friday. The business has a fifty day moving average of $73.07 and a two-hundred day moving average of $76.85. The firm has a market cap of $8.70 billion, a P/E ratio of 135.38, a P/E/G ratio of 5.16 and a beta of 1.74. CAVA Group, Inc. has a twelve month low of $43.41 and a twelve month high of $98.79.

CAVA Group (NYSE:CAVA) last announced its earnings results on Tuesday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. CAVA Group had a return on equity of 8.28% and a net margin of 4.82%.The business had revenue of $368.44 million for the quarter, compared to analysts’ expectations of $360.09 million. During the same quarter last year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. Equities analysts expect that CAVA Group, Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CAVA. Roth Capital reissued a “buy” rating and set a $95.00 price target (down from $106.00) on shares of CAVA Group in a research report on Wednesday. Freedom Capital upgraded CAVA Group to a “hold” rating in a report on Wednesday, July 1st. Piper Sandler upped their price objective on shares of CAVA Group from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. UBS Group raised shares of CAVA Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $90.00 in a research note on Wednesday, June 10th. Finally, Citigroup reiterated a “buy” rating on shares of CAVA Group in a report on Tuesday, July 28th. Seventeen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, CAVA Group currently has an average rating of “Moderate Buy” and a consensus price target of $89.44.

CAVA Group News Summary

Here are the key news stories impacting CAVA Group this week:

• Positive Sentiment: Second-quarter results exceeded expectations, with approximately 9% same-restaurant sales growth, continued traffic recovery, and revenue and earnings above consensus. Full-year guidance was maintained, suggesting management remains confident in the growth outlook. CAVA Earnings: The Easiest Comp of the Year Meets a Tough Valuation
• Positive Sentiment: Analyst sentiment provided additional support. Roth Capital reiterated a Buy rating, TD Cowen issued a Buy, RBC indicated further upside, and Northcoast Research upgraded CAVA from Sell to Neutral. Roth Capital Reiterates Buy Rating for CAVA Group CAVA Group Gets a Buy from TD Cowen
• Neutral Sentiment: The earnings reaction has renewed debate over whether mid-single-digit comparable-sales growth can justify CAVA’s elevated valuation. With a high earnings multiple, investors may demand sustained rapid expansion and margin improvement.
• Negative Sentiment: Operating margins declined during the quarter, and KeyCorp issued a pessimistic forecast. These concerns could limit further gains if growth slows or profitability fails to scale. KeyCorp Issues Pessimistic Forecast for CAVA Group Stock Price
• Negative Sentiment: A broader cyclospora outbreak and salmonella flare-up are weighing on restaurant-industry food-safety perceptions and may reduce dining-out activity. No company-specific connection to CAVA was identified, but the issue represents a potential sector-level risk.

Insider Activity

In other CAVA Group news, insider Kelly Costanza sold 12,490 shares of CAVA Group stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.00, for a total value of $1,124,100.00. Following the transaction, the insider owned 98,490 shares in the company, valued at $8,864,100. The trade was a 11.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Adam David Phillips sold 757 shares of the business’s stock in a transaction dated 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 owned 6,848 shares of the company’s stock, valued at $612,416.64. This represents a 9.95% decrease in their ownership of the stock. 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. Insiders sold a total of 82,703 shares of company stock worth $7,249,579 over the last ninety days. 6.70% of the stock is currently owned by corporate insiders.

CAVA Group 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.