2 weeks Ago By ABMN Staff
Maverick Capital Ltd. acquired a new position in CAVA Group, Inc. ( NYSE:CAVA – Free Report ) during the second quarter, Holdings Channel reports.
The firm acquired 22,172 shares of the company’s stock, valued at approximately $2,056,000. Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 184 shares in the last quarter. CWM LLC boosted its stake in shares of CAVA Group by 101.
2% during the 1st quarter. CWM LLC now owns 505 shares of the company’s stock worth $35,000 after acquiring an additional 254 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in shares of CAVA Group by 4.
2% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 6,907 shares of the company’s stock worth $641,000 after acquiring an additional 278 shares during the last quarter. Jamison Private Wealth Management Inc.
acquired a new stake in shares of CAVA Group during the second quarter worth $28,000. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of CAVA Group by 4.4% during the first quarter.
Miracle Mile Advisors LLC now owns 7,574 shares of the company’s stock valued at $531,000 after purchasing an additional 318 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.
Insider Activity at CAVA Group In other news, CEO Brett Schulman sold 201,504 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.53, for a total transaction of $25,294,797.
12. Following the completion of the sale, the chief executive officer now owns 702,590 shares in the company, valued at approximately $88,196,122.70.
The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink . In other news, CEO Brett Schulman sold 201,504 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.
53, for a total value of $25,294,797.12. Following the completion of the sale, the chief executive officer now directly owns 702,590 shares in the company, valued at $88,196,122.
70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . Also, Director Theodoros Xenohristos sold 98,490 shares of CAVA Group stock in a transaction 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 completion of the transaction, the director now owns 424,846 shares in the company, valued at approximately $53,432,881.42. The disclosure for this sale can be found here .
In the last 90 days, insiders sold 310,943 shares of company stock valued at $38,872,086. CAVA Group Price Performance CAVA Group ( NYSE:CAVA – Get Free Report ) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.
17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04.
The firm had revenue of $233.50 million for the quarter, compared to analyst estimates of $219.47 million.
CAVA Group had a net margin of 5.04% and a return on equity of 7.37%.
The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.
21 earnings per share. On average, equities research analysts expect that CAVA Group, Inc. will post 0.
43 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lowered shares of CAVA Group from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $90.
00 to $110.00 in a report on Thursday, August 29th. Jefferies Financial Group boosted their target price on shares of CAVA Group from $94.
00 to $117.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Argus raised their target price on CAVA Group from $104.
00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. TD Securities upped their price target on CAVA Group from $115.
00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Loop Capital increased their price objective on CAVA Group from $80.
00 to $122.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock.
According to MarketBeat.com, CAVA Group has an average rating of “Moderate Buy” and an average target price of $114.15.
View Our Latest Research Report on CAVA CAVA Group Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding CAVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CAVA Group, Inc.
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