CAVA Group, Inc. (NYSE:CAVA) Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. grew its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 123.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 51,808 shares of the company’s stock after acquiring an additional 28,583 shares during the period. Baird Financial Group Inc.’s holdings in CAVA Group were worth $5,844,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new position in shares of CAVA Group during the fourth quarter valued at approximately $25,000. Allworth Financial LP boosted its stake in CAVA Group by 369.2% during the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock valued at $30,000 after purchasing an additional 192 shares in the last quarter. Larson Financial Group LLC increased its position in shares of CAVA Group by 274.0% during the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Whittier Trust Co. raised its stake in shares of CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company’s stock worth $32,000 after buying an additional 127 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of CAVA Group by 884.4% in the fourth quarter. Signaturefd LLC now owns 315 shares of the company’s stock valued at $36,000 after buying an additional 283 shares during the period. 73.15% of the stock is currently owned by institutional investors.

CAVA Group Trading Down 2.1 %

Shares of NYSE CAVA opened at $93.95 on Friday. CAVA Group, Inc. has a one year low of $70.00 and a one year high of $172.43. The business has a 50-day moving average price of $86.46 and a two-hundred day moving average price of $113.25. The firm has a market capitalization of $10.87 billion, a PE ratio of 204.24 and a beta of 3.28.

CAVA Group (NYSE:CAVA) last posted 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). The company had revenue of $227.40 million for the quarter, compared to analyst estimates of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. Research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup lowered their target price on CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Barclays lowered their price objective on shares of CAVA Group from $104.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. Piper Sandler upgraded shares of CAVA Group from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $142.00 to $115.00 in a research report on Friday, February 28th. Finally, Wedbush reiterated an “outperform” rating and set a $150.00 price objective on shares of CAVA Group in a research report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, CAVA Group 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.