Nebula Research & Development LLC Raises Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Nebula Research & Development LLC boosted its holdings in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 66.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,063 shares of the company's stock after purchasing an additional 13,225 shares during the quarter. CAVA Group comprises 0.4% of Nebula Research & Development LLC's portfolio, making the stock its 18th largest position. Nebula Research & Development LLC's holdings in CAVA Group were worth $3,730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Arcadia Investment Management Corp MI bought a new position in shares of CAVA Group in the fourth quarter worth approximately $25,000. Allworth Financial LP lifted its stake in shares of 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 buying an additional 192 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of CAVA Group by 274.0% in the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company's stock worth $31,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of CAVA Group by 80.9% in the fourth quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after buying an additional 127 shares in the last quarter. Finally, Signaturefd LLC lifted its stake 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 buying an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 73.15% of the company's stock.

CAVA Group Trading Down 0.5 %

CAVA traded down $0.49 during trading on Wednesday, hitting $91.42. 1,173,051 shares of the company traded hands, compared to its average volume of 3,266,645. The company has a market cap of $10.57 billion, a PE ratio of 198.74 and a beta of 3.33. CAVA Group, Inc. has a 1 year low of $66.15 and a 1 year high of $172.43. The stock's 50-day simple moving average is $86.70 and its two-hundred day simple moving average is $115.34.

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

Wall Street Analyst Weigh In

CAVA has been the topic of several analyst reports. TD Securities lowered their price objective on shares of CAVA Group from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Piper Sandler upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $142.00 to $115.00 in a research report on Friday, February 28th. William Blair restated an "outperform" rating on shares of CAVA Group in a research report on Wednesday, February 26th. Robert W. Baird set a $105.00 price target on shares of CAVA Group and gave the stock an "outperform" rating in a research report on Monday, April 7th. Finally, Bank of America assumed coverage on shares of CAVA Group in a research report on Monday, March 31st. They issued a "buy" rating and a $112.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, CAVA Group presently has an average rating of "Moderate Buy" and an average target price of $124.19.

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.