CAVA Group, Inc. (NYSE:CAVA) Stock Position Boosted by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lifted its position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 2,512.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,100 shares of the company's stock after buying an additional 103,000 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.09% of CAVA Group worth $12,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC raised its holdings in shares of CAVA Group by 36,658.7% in the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company's stock valued at $277,683,000 after buying an additional 2,455,035 shares during the period. Vanguard Group Inc. raised its holdings in CAVA Group by 20.4% in the fourth quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company's stock valued at $903,709,000 after acquiring an additional 1,357,187 shares in the last quarter. Barclays PLC boosted its stake in CAVA Group by 116.7% in the fourth quarter. Barclays PLC now owns 84,755 shares of the company's stock valued at $9,560,000 after acquiring an additional 591,866 shares in the last quarter. Norges Bank acquired a new stake in shares of CAVA Group during the fourth quarter worth about $64,538,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of CAVA Group in the 4th quarter valued at about $59,516,000. Hedge funds and other institutional investors own 73.15% of the company's stock.

CAVA Group Stock Down 4.1 %

Shares of CAVA traded down $3.92 during trading on Tuesday, reaching $91.92. The company's stock had a trading volume of 1,124,529 shares, compared to its average volume of 3,098,301. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 200.00 and a beta of 3.28. The company has a fifty day moving average of $86.08 and a two-hundred day moving average of $114.10. CAVA Group, Inc. has a twelve month low of $70.00 and a twelve month high of $172.43.

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 analysts' consensus estimates of $0.06 by ($0.01). The firm had revenue of $227.40 million for the quarter, compared to the consensus estimate of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. As a group, equities analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on CAVA. Robert W. Baird set a $105.00 price target on CAVA Group and gave the stock an "outperform" rating in a research report on Monday, April 7th. Loop Capital cut their target price on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Sanford C. Bernstein raised shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a research report on Wednesday, April 23rd. Citigroup dropped their price target 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. Finally, William Blair reissued an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, CAVA Group presently has a consensus 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.