Brevan Howard Capital Management LP Purchases New Holdings in CAVA Group, Inc. (NYSE:CAVA)

Brevan Howard Capital Management LP bought a new stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,290 shares of the company's stock, valued at approximately $710,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Captrust Financial Advisors lifted its stake in CAVA Group by 32.9% during the 4th quarter. Captrust Financial Advisors now owns 12,195 shares of the company's stock valued at $1,376,000 after acquiring an additional 3,022 shares during the period. Baird Financial Group Inc. increased its position in shares of CAVA Group by 123.1% during the 4th quarter. Baird Financial Group Inc. now owns 51,808 shares of the company's stock valued at $5,844,000 after purchasing an additional 28,583 shares during the last quarter. Banque Transatlantique SA purchased a new stake in shares of CAVA Group during the 4th quarter valued at about $12,849,000. Bayesian Capital Management LP increased its position in shares of CAVA Group by 158.2% during the 4th quarter. Bayesian Capital Management LP now owns 14,200 shares of the company's stock valued at $1,602,000 after purchasing an additional 8,700 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of CAVA Group during the 4th quarter valued at about $31,778,000. Institutional investors own 73.15% of the company's stock.

Insider Buying and Selling at CAVA Group

In related news, insider Theodoros Xenohristos sold 9,348 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.88, for a total transaction of $886,938.24. Following the sale, the insider now owns 353,271 shares in the company, valued at approximately $33,518,352.48. This trade represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is owned by corporate insiders.

CAVA Group Stock Up 1.0%

CAVA traded up $1.03 on Tuesday, reaching $99.77. The company's stock had a trading volume of 3,182,661 shares, compared to its average volume of 3,201,814. The stock has a 50 day moving average of $86.70 and a two-hundred day moving average of $112.64. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 216.89 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 announced its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business 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%. As a group, analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Robert W. Baird set a $105.00 target price on shares of CAVA Group and gave the stock an "outperform" rating in a report on Monday, April 7th. Citigroup reduced their target price on shares of CAVA Group from $163.00 to $140.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Sanford C. Bernstein raised shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a report on Wednesday, April 23rd. Piper Sandler raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $142.00 to $115.00 in a report on Friday, February 28th. Finally, TD Securities cut their price objective on shares of CAVA Group from $130.00 to $120.00 and set a "buy" rating for the company in a report on Monday, April 21st. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $123.38.

CAVA Group Company 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.