Oxford Asset Management LLP Buys 5,241 Shares of CAVA Group, Inc. (NYSE:CAVA)

Oxford Asset Management LLP boosted its stake in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 209.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,747 shares of the company's stock after purchasing an additional 5,241 shares during the period. Oxford Asset Management LLP's holdings in CAVA Group were worth $874,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CAVA shares. UBS Group dropped their target price on shares of CAVA Group from $160.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Piper Sandler raised shares of 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 report on Friday, February 28th. Loop Capital cut their price objective on CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. TD Securities reduced their price objective on CAVA Group from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Barclays lowered their price objective on CAVA Group from $104.00 to $90.00 and set an "equal weight" rating on the stock in a report 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $124.19.

CAVA Group Stock Performance

CAVA Group stock traded up $1.87 during midday trading on Thursday, hitting $94.30. 2,051,835 shares of the company's stock were exchanged, compared to its average volume of 3,102,776. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 205.32 and a beta of 3.33. The firm's 50 day simple moving average is $86.39 and its 200 day simple moving average is $115.18. CAVA Group, Inc. has a 12-month low of $66.15 and a 12-month 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 analysts' consensus estimates of $0.06 by ($0.01). CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. On average, equities research analysts forecast that CAVA Group, Inc. will post 0.5 EPS 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.