LRI Investments LLC Makes New $121,000 Investment in CAVA Group, Inc. (NYSE:CAVA)

LRI Investments LLC bought a new position in shares of CAVA Group, Inc. (NYSE:CAVA) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,073 shares of the company’s stock, valued at approximately $121,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of CAVA Group by 37.0% during the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock worth $48,000 after buying an additional 114 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of CAVA Group by 0.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 67,982 shares of the company’s stock valued at $8,420,000 after purchasing an additional 544 shares during the period. Brookstone Capital Management raised its position in CAVA Group by 21.6% during the 4th quarter. Brookstone Capital Management now owns 11,187 shares of the company’s stock worth $1,262,000 after buying an additional 1,985 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in CAVA Group by 2.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 8,097 shares of the company’s stock valued at $913,000 after purchasing an additional 170 shares in the last quarter. Finally, Tsfg LLC lifted its holdings in CAVA Group by 250.0% in the fourth quarter. Tsfg LLC now owns 770 shares of the company’s stock valued at $87,000 after acquiring an additional 550 shares during the period. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CAVA. Barclays lowered their target price on CAVA Group from $104.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Wedbush reissued an “outperform” rating and set a $150.00 price target on shares of CAVA Group in a research note on Wednesday, February 26th. Robert W. Baird set a $105.00 target price on shares of CAVA Group and gave the stock an “outperform” rating in a research report on Monday, April 7th. TD Securities reduced their target price on CAVA Group from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, April 21st. Finally, Loop Capital decreased their price objective on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $124.19.

CAVA Group Stock Up 5.1%

Shares of NYSE CAVA opened at $98.73 on Tuesday. The firm has a market cap of $11.42 billion, a PE ratio of 214.64 and a beta of 3.28. The business has a 50 day moving average price of $86.70 and a two-hundred day moving average price of $112.64. CAVA Group, Inc. has a fifty-two week low of $70.00 and a fifty-two week high of $172.43.

CAVA Group (NYSE:CAVA) last posted its quarterly 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 during 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%. On average, analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

CAVA Group Company 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.