Bayesian Capital Management LP Has $1.60 Million Position in CAVA Group, Inc. (NYSE:CAVA)

Bayesian Capital Management LP lifted its stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 158.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,200 shares of the company's stock after purchasing an additional 8,700 shares during the period. Bayesian Capital Management LP's holdings in CAVA Group were worth $1,602,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

CAVA has been the topic of a number of recent analyst reports. William Blair reaffirmed an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. Robert W. Baird set a $105.00 price target on CAVA Group and gave the company an "outperform" rating in a report on Monday, April 7th. Barclays lowered their target price on shares of CAVA Group from $104.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler upgraded CAVA Group from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $142.00 to $115.00 in a research report on Friday, February 28th. Finally, Citigroup decreased 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. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $124.19.

CAVA Group Trading Down 2.1 %

Shares of CAVA traded down $1.99 during midday trading on Friday, hitting $93.95. The stock had a trading volume of 1,930,574 shares, compared to its average volume of 3,105,288. The business has a 50-day simple moving average of $86.30 and a two-hundred day simple moving average of $113.54. The firm has a market cap of $10.87 billion, a P/E ratio of 204.24 and a beta of 3.28. CAVA Group, Inc. has a fifty-two week low of $70.00 and a fifty-two week high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $227.40 million for the quarter, compared to analysts' expectations of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. On average, analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

About CAVA Group

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.