Bridgefront Capital LLC Sells 3,607 Shares of CAVA Group, Inc. (NYSE:CAVA)

Bridgefront Capital LLC cut its holdings in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 37.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,015 shares of the company's stock after selling 3,607 shares during the period. Bridgefront Capital LLC's holdings in CAVA Group were worth $678,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in CAVA Group during the fourth quarter valued at approximately $25,000. Allworth Financial LP boosted its stake in CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company's stock valued at $30,000 after buying an additional 192 shares in the last quarter. Larson Financial Group LLC grew its position 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 acquiring an additional 200 shares during the period. Whittier Trust Co. raised its stake in CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after acquiring an additional 127 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of CAVA Group by 884.4% during the fourth quarter. Signaturefd LLC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 283 shares during the period. Institutional investors own 73.15% of the company's stock.

CAVA Group Stock Down 2.1 %

CAVA stock traded down $1.99 during midday trading on Friday, reaching $93.95. The company's stock had a trading volume of 1,930,911 shares, compared to its average volume of 3,111,927. The business's 50-day simple moving average is $86.30 and its 200-day simple moving average is $113.54. CAVA Group, Inc. has a 52 week low of $70.00 and a 52 week high of $172.43. The stock has a market cap of $10.87 billion, a PE ratio of 204.24 and a beta of 3.28.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CAVA shares. Robert W. Baird set a $105.00 target price on shares of CAVA Group and gave the stock an "outperform" rating in a research report on Monday, April 7th. William Blair reissued an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. TD Securities dropped their price target on CAVA Group from $130.00 to $120.00 and set a "buy" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. raised CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price objective on the stock in a research note on Thursday, March 20th. Finally, Barclays lowered their target price on CAVA Group from $104.00 to $90.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $124.19.

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.