Tower Research Capital LLC TRC Sells 4,918 Shares of CAVA Group, Inc. (NYSE:CAVA)

Tower Research Capital LLC TRC trimmed its holdings in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 75.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,564 shares of the company's stock after selling 4,918 shares during the period. Tower Research Capital LLC TRC's holdings in CAVA Group were worth $176,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Howard Financial Services LTD. lifted its holdings in CAVA Group by 1.8% during the 4th quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock valued at $699,000 after purchasing an additional 109 shares during the last quarter. GAMMA Investing LLC raised its position 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 purchasing an additional 114 shares during the period. Whittier Trust Co. lifted its stake in shares of CAVA Group by 80.9% during the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after buying an additional 127 shares during the last quarter. Mainstream Capital Management LLC boosted its holdings in shares of CAVA Group by 0.7% during the 4th quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company's stock worth $2,003,000 after buying an additional 132 shares during the period. Finally, PSI Advisors LLC boosted its holdings in shares of CAVA Group by 11.3% during the 4th quarter. PSI Advisors LLC now owns 1,473 shares of the company's stock worth $166,000 after buying an additional 150 shares during the period. Institutional investors own 73.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CAVA shares. Robert W. Baird set a $105.00 price objective on shares of CAVA Group and gave the stock an "outperform" rating in a research report on Monday, April 7th. Piper Sandler raised CAVA Group from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $142.00 to $115.00 in a report on Friday, February 28th. JPMorgan Chase & Co. raised CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 target price for the company in a report on Thursday, March 20th. Sanford C. Bernstein upgraded shares of CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a research note on Wednesday, April 23rd. Finally, Citigroup dropped their price objective on shares of CAVA Group from $163.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $124.19.

CAVA Group Stock Down 2.1 %

Shares of CAVA stock traded down $1.99 on Friday, reaching $93.95. The company had a trading volume of 1,930,911 shares, compared to its average volume of 3,105,293. The stock has a market capitalization of $10.87 billion, a PE ratio of 204.24 and a beta of 3.28. The business's 50-day moving average is $86.30 and its 200 day moving average is $113.54. CAVA Group, Inc. has a one year low of $70.00 and a one year high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last issued 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 net margin of 5.88% and a return on equity of 9.10%. The company had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. On average, sell-side analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

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.