Northern Trust Corp Raises Position in CAVA Group, Inc. (NYSE:CAVA)

Northern Trust Corp increased its holdings in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 415,493 shares of the company's stock after buying an additional 83,040 shares during the quarter. Northern Trust Corp owned 0.36% of CAVA Group worth $46,868,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CAVA. Howard Financial Services LTD. boosted its holdings in shares of CAVA Group by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock worth $699,000 after acquiring an additional 109 shares during the period. GAMMA Investing LLC boosted its stake in shares of CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company's stock valued at $48,000 after buying an additional 114 shares during the period. Whittier Trust Co. raised its position in CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company's stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Mainstream Capital Management LLC raised its position in CAVA Group by 0.7% during the fourth quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company's stock valued at $2,003,000 after purchasing an additional 132 shares in the last quarter. Finally, PSI Advisors LLC raised its position in CAVA Group by 11.3% during the fourth quarter. PSI Advisors LLC now owns 1,473 shares of the company's stock valued at $166,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company's stock.

CAVA Group Trading Up 5.1%

Shares of CAVA traded up $4.82 on Monday, reaching $98.73. The company's stock had a trading volume of 2,540,827 shares, compared to its average volume of 3,111,022. CAVA Group, Inc. has a twelve month low of $70.00 and a twelve month high of $172.43. The stock has a market capitalization of $11.42 billion, a PE ratio of 214.64 and a beta of 3.28. The firm has a fifty day moving average of $86.46 and a 200-day moving average of $112.91.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its earnings results 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 return on equity of 9.10% and a net margin of 5.88%. The business had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. As a group, equities analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on CAVA shares. Barclays lowered their price objective on shares of 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. Loop Capital decreased their price objective on CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Sanford C. Bernstein upgraded CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a report on Wednesday, April 23rd. Bank of America assumed coverage on CAVA Group in a report on Monday, March 31st. They issued a "buy" rating and a $112.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price objective for the company in a report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, CAVA Group has an average rating of "Moderate Buy" and a consensus target price 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.