XTX Topco Ltd Sells 3,334 Shares of CAVA Group, Inc. (NYSE:CAVA)

XTX Topco Ltd lessened its holdings in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 49.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,348 shares of the company's stock after selling 3,334 shares during the period. XTX Topco Ltd's holdings in CAVA Group were worth $378,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of CAVA Group by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,868 shares of the company's stock valued at $59,544,000 after buying an additional 11,776 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of CAVA Group during the 4th quarter valued at $2,097,000. Empowered Funds LLC bought a new stake in shares of CAVA Group during the 4th quarter valued at $5,007,000. Legacy Capital Wealth Partners LLC boosted its holdings in shares of CAVA Group by 71.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 13,658 shares of the company's stock valued at $1,541,000 after buying an additional 5,712 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of CAVA Group by 36,658.7% during 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 in the last quarter. Institutional investors own 73.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CAVA shares. William Blair reiterated an "outperform" rating on shares of CAVA Group in a research note 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 note on Monday, April 7th. Loop Capital dropped their price target on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Wedbush reiterated an "outperform" rating and issued a $150.00 price target on shares of CAVA Group in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price target on the stock in a research note on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CAVA Group presently has an average rating of "Moderate Buy" and an average price target of $124.19.

CAVA Group Stock Performance

Shares of NYSE CAVA traded up $2.31 during midday trading on Monday, hitting $93.11. 2,644,950 shares of the company's stock traded hands, compared to its average volume of 3,113,971. CAVA Group, Inc. has a 1 year low of $66.15 and a 1 year high of $172.43. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 202.41 and a beta of 3.33. The firm has a fifty day moving average of $87.24 and a 200 day moving average of $115.51.

CAVA Group (NYSE:CAVA - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The business had revenue of $227.40 million for the quarter, compared to analysts' expectations of $223.34 million. On average, equities analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current 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.