Bridgefront Capital LLC Sells 3,607 Shares of CAVA Group, Inc. (NYSE:CAVA)

Bridgefront Capital LLC trimmed its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 37.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,015 shares of the company’s stock after selling 3,607 shares during the quarter. Bridgefront Capital LLC’s holdings in CAVA Group were worth $678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CAVA. Captrust Financial Advisors grew its holdings in shares of CAVA Group by 32.9% in the fourth quarter. Captrust Financial Advisors now owns 12,195 shares of the company’s stock worth $1,376,000 after purchasing an additional 3,022 shares during the last quarter. Baird Financial Group Inc. boosted its position in CAVA Group by 123.1% during the 4th quarter. Baird Financial Group Inc. now owns 51,808 shares of the company’s stock valued at $5,844,000 after buying an additional 28,583 shares during the period. Banque Transatlantique SA bought a new stake in CAVA Group in the 4th quarter worth $12,849,000. Bayesian Capital Management LP increased its position in shares of CAVA Group by 158.2% in the fourth quarter. Bayesian Capital Management LP now owns 14,200 shares of the company’s stock valued at $1,602,000 after acquiring an additional 8,700 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in shares of CAVA Group during the fourth quarter valued at about $31,778,000. 73.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on CAVA shares. William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, February 26th. Piper Sandler raised CAVA Group from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $142.00 to $115.00 in a research note on Friday, February 28th. Robert W. Baird set a $105.00 price target on CAVA Group and gave the stock an “outperform” rating in a research note on Monday, April 7th. Citigroup dropped their target price on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Finally, Bank of America started coverage on shares of CAVA Group in a research report on Monday, March 31st. They set a “buy” rating and a $112.00 price target on the stock. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.19.

CAVA Group Price Performance

Shares of NYSE:CAVA opened at $95.92 on Tuesday. The business has a fifty day moving average price of $86.08 and a 200-day moving average price of $114.10. The company has a market capitalization of $11.09 billion, a PE ratio of 208.52 and a beta of 3.28. CAVA Group, Inc. has a 1-year low of $70.00 and a 1-year high of $172.43.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data 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 firm had revenue of $227.40 million for the quarter, compared to the consensus estimate of $223.34 million. On average, sell-side analysts anticipate 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.