Gilder Gagnon Howe & Co. LLC Purchases 4,732 Shares of CAVA Group, Inc. (NYSE:CAVA)

Gilder Gagnon Howe & Co. LLC increased its stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 15.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,384 shares of the company's stock after acquiring an additional 4,732 shares during the quarter. Gilder Gagnon Howe & Co. LLC's holdings in CAVA Group were worth $3,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new stake in CAVA Group during the fourth quarter valued at about $25,000. Allworth Financial LP boosted its holdings 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 acquiring an additional 192 shares in the last quarter. Larson Financial Group LLC increased its position in shares of CAVA Group by 274.0% during 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 in the last quarter. Whittier Trust Co. lifted its stake in CAVA Group by 80.9% during the 4th 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 grew its holdings in shares of CAVA Group by 884.4% in the fourth quarter. Signaturefd LLC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 283 shares during the period. Institutional investors own 73.15% of the company's stock.

CAVA Group Stock Up 2.4 %

Shares of CAVA stock traded up $2.23 during trading on Thursday, reaching $94.66. The company's stock had a trading volume of 3,157,790 shares, compared to its average volume of 3,278,571. The business has a fifty day moving average price of $86.39 and a 200-day moving average price of $115.18. CAVA Group, Inc. has a one year low of $66.15 and a one year high of $172.43. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 205.79 and a beta of 3.33.

CAVA Group (NYSE:CAVA - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $223.34 million. Research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CAVA shares. Barclays cut their price objective on CAVA Group from $104.00 to $90.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Piper Sandler raised CAVA Group from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $142.00 to $115.00 in a research report on Friday, February 28th. Citigroup reduced their target price on CAVA Group from $163.00 to $140.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. William Blair reiterated an "outperform" rating on shares of CAVA Group in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 target price for the company in a report on Thursday, March 20th. 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 presently has an average rating of "Moderate Buy" and an average price target of $124.19.

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.