TD Waterhouse Canada Inc. Trims Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

TD Waterhouse Canada Inc. cut its holdings in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 74.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,509 shares of the company's stock after selling 4,288 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in CAVA Group were worth $170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CAVA. Jennison Associates LLC grew its position in CAVA Group by 36,658.7% in the fourth quarter. Jennison Associates LLC now owns 2,461,732 shares of the company's stock worth $277,683,000 after acquiring an additional 2,455,035 shares in the last quarter. Vanguard Group Inc. grew its position in CAVA Group by 20.4% in the fourth quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company's stock worth $903,709,000 after acquiring an additional 1,357,187 shares in the last quarter. Barclays PLC grew its position in CAVA Group by 116.7% in the fourth quarter. Barclays PLC now owns 84,755 shares of the company's stock worth $9,560,000 after acquiring an additional 591,866 shares in the last quarter. Norges Bank purchased a new stake in CAVA Group during the fourth quarter valued at about $64,538,000. Finally, Raymond James Financial Inc. purchased a new stake in CAVA Group during the fourth quarter valued at about $59,516,000. 73.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CAVA shares. Wedbush restated an "outperform" rating and set a $150.00 price target on shares of CAVA Group in a research report on Wednesday, February 26th. 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 note on Tuesday, April 22nd. William Blair reaffirmed an "outperform" rating on shares of CAVA Group in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price objective for the company in a research note on Thursday, March 20th. Finally, TD Securities decreased their price target on shares of CAVA Group from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $124.19.

CAVA Group Price Performance

CAVA Group stock traded up $2.23 during mid-day trading on Thursday, reaching $94.66. 3,151,201 shares of the stock traded hands, compared to its average volume of 3,271,409. The stock has a market capitalization of $10.95 billion, a PE ratio of 205.79 and a beta of 3.33. CAVA Group, Inc. has a 12-month low of $66.15 and a 12-month high of $172.43. The business's 50-day moving average is $86.39 and its 200-day moving average is $115.18.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. Equities analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal 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.