Banque Transatlantique SA Makes New Investment in CAVA Group, Inc. (NYSE:CAVA)

Banque Transatlantique SA acquired a new position in CAVA Group, Inc. (NYSE:CAVA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 113,911 shares of the company's stock, valued at approximately $12,849,000. Banque Transatlantique SA owned about 0.10% of CAVA Group at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new position in shares of CAVA Group in the fourth quarter valued at $25,000. Allworth Financial LP lifted its position in CAVA Group by 369.2% during the fourth quarter. Allworth Financial LP now owns 244 shares of the company's stock valued at $30,000 after purchasing an additional 192 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of CAVA Group by 274.0% in the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company's stock worth $31,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after buying an additional 127 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of CAVA Group by 884.4% during 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CAVA shares. Sanford C. Bernstein upgraded CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price target for the company in a research report on Wednesday, April 23rd. UBS Group cut their target price on CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Citigroup lowered their price target on CAVA Group from $163.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price objective on the stock in a research report on Thursday, March 20th. Finally, Bank of America assumed coverage on shares of CAVA Group in a report on Monday, March 31st. They issued a "buy" rating and a $112.00 target price for the company. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $124.19.

CAVA Group Trading Down 2.6 %

Shares of CAVA Group stock traded down $2.46 during trading on Tuesday, hitting $93.38. 2,835,455 shares of the stock traded hands, compared to its average volume of 3,104,847. The stock's fifty day simple moving average is $86.15 and its 200 day simple moving average is $113.96. The firm has a market cap of $10.80 billion, a P/E ratio of 203.00 and a beta of 3.28. CAVA Group, Inc. has a 52-week low of $70.00 and a 52-week high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last announced 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 business had revenue of $227.40 million during the quarter, compared to analysts' expectations of $223.34 million. As a group, equities analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current 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.