Graham Capital Management L.P. Invests $2.82 Million in CAVA Group, Inc. (NYSE:CAVA)

Graham Capital Management L.P. purchased a new stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 25,018 shares of the company's stock, valued at approximately $2,822,000.

A number of other large investors have also recently bought and sold shares of the business. Focus Partners Wealth raised its position in CAVA Group by 24.4% during the 4th quarter. Focus Partners Wealth now owns 130,004 shares of the company's stock worth $14,664,000 after buying an additional 25,479 shares during the last quarter. Fortress Investment Group LLC purchased a new stake in CAVA Group in the 4th quarter valued at approximately $564,000. Ensign Peak Advisors Inc increased its position in CAVA Group by 77.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 17,390 shares of the company's stock worth $1,962,000 after purchasing an additional 7,590 shares during the period. Ethic Inc. purchased a new position in shares of CAVA Group during the 4th quarter worth approximately $582,000. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of CAVA Group by 4.2% in the 4th quarter. Frontier Capital Management Co. LLC now owns 5,075 shares of the company's stock valued at $572,000 after buying an additional 203 shares during the period. Institutional investors and hedge funds own 73.15% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird set a $105.00 price objective on CAVA Group and gave the stock an "outperform" rating in a research report on Monday, April 7th. Wedbush reissued an "outperform" rating and set a $150.00 price objective on shares of CAVA Group in a report on Wednesday, February 26th. Sanford C. Bernstein raised CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a research note on Wednesday, April 23rd. William Blair reiterated an "outperform" rating on shares of CAVA Group in a research report on Wednesday, February 26th. Finally, Barclays dropped their target price on shares of CAVA Group from $104.00 to $90.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.19.

CAVA Group Stock Performance

CAVA opened at $93.95 on Friday. The company has a market cap of $10.87 billion, a PE ratio of 204.24 and a beta of 3.28. The firm has a 50 day moving average price of $86.46 and a 200 day moving average price of $113.09. CAVA Group, Inc. has a 1 year low of $70.00 and a 1 year high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last released 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 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, sell-side analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current 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.

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