CAVA Group, Inc. (NYSE:CAVA) Holdings Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its stake in CAVA Group, Inc. (NYSE:CAVA) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,151 shares of the company’s stock after acquiring an additional 989 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in CAVA Group were worth $2,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAVA. Howard Financial Services LTD. raised its holdings in CAVA Group by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock valued at $699,000 after buying an additional 109 shares in the last quarter. GAMMA Investing LLC lifted its holdings in CAVA Group by 37.0% in the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock worth $48,000 after purchasing an additional 114 shares during the last quarter. Whittier Trust Co. boosted its position in CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company’s stock worth $32,000 after purchasing an additional 127 shares during the period. Mainstream Capital Management LLC grew its holdings in CAVA Group by 0.7% during the fourth quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company’s stock valued at $2,003,000 after purchasing an additional 132 shares during the last quarter. Finally, PSI Advisors LLC raised its position in shares of CAVA Group by 11.3% in the fourth quarter. PSI Advisors LLC now owns 1,473 shares of the company’s stock valued at $166,000 after purchasing an additional 150 shares during the period. 73.15% of the stock is owned by hedge funds and other institutional investors.

CAVA Group Stock Down 2.1 %

NYSE:CAVA opened at $93.95 on Friday. The firm has a market capitalization of $10.87 billion, a PE ratio of 204.24 and a beta of 3.28. CAVA Group, Inc. has a 12-month low of $70.00 and a 12-month high of $172.43. The firm has a 50-day moving average price of $86.46 and a 200 day moving average price of $113.09.

CAVA Group (NYSE:CAVA) last issued its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company 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, research analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

CAVA has been the topic of a number of research analyst reports. Sanford C. Bernstein upgraded shares of CAVA Group from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Wednesday, April 23rd. TD Securities dropped their price objective on CAVA Group from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Barclays cut their price objective on CAVA Group from $104.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. raised CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a research report on Thursday, March 20th. Finally, Bank of America initiated coverage on CAVA Group in a research report on Monday, March 31st. They issued a “buy” rating and a $112.00 price objective for the company. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.19.

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.