5,000 Shares in CAVA Group, Inc. (NYSE:CAVA) Acquired by Fortress Investment Group LLC

Fortress Investment Group LLC acquired a new stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,000 shares of the company's stock, valued at approximately $564,000. CAVA Group comprises approximately 0.1% of Fortress Investment Group LLC's investment portfolio, making the stock its 17th largest position.

Other large investors also recently modified their holdings of the company. Arcadia Investment Management Corp MI bought a new position in CAVA Group in the 4th quarter valued at about $25,000. Allworth Financial LP increased its stake in shares of CAVA Group by 369.2% during the fourth quarter. Allworth Financial LP now owns 244 shares of the company's stock worth $30,000 after purchasing an additional 192 shares during the period. Larson Financial Group LLC lifted its holdings in CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company's stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Whittier Trust Co. boosted its stake in CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after purchasing an additional 127 shares during the period. Finally, Signaturefd LLC grew its holdings in CAVA Group by 884.4% in the 4th quarter. Signaturefd LLC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 283 shares in the last quarter. 73.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CAVA. JPMorgan Chase & Co. raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 target price for the company in a research report on Thursday, March 20th. Bank of America initiated coverage on shares of CAVA Group in a research report on Monday, March 31st. They set a "buy" rating and a $112.00 target price on the stock. Citigroup cut their price target on CAVA Group from $163.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. TD Securities reduced their price target on CAVA Group from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Finally, Piper Sandler upgraded CAVA Group from a "neutral" rating to an "overweight" rating and cut their target price for the company from $142.00 to $115.00 in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $124.19.

CAVA Group Stock Down 2.1 %

NYSE CAVA opened at $93.95 on Friday. CAVA Group, Inc. has a twelve month low of $70.00 and a twelve month high of $172.43. The business's fifty day moving average is $86.46 and its 200 day moving average is $113.25. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 204.24 and a beta of 3.28.

CAVA Group (NYSE:CAVA - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The firm had revenue of $227.40 million for the quarter, compared to the consensus estimate of $223.34 million. On average, research analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

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.

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