ExodusPoint Capital Management LP Purchases Shares of 75,823 CAVA Group, Inc. (NYSE:CAVA)

ExodusPoint Capital Management LP acquired a new stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 75,823 shares of the company's stock, valued at approximately $8,553,000. ExodusPoint Capital Management LP owned 0.07% of CAVA Group as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on CAVA shares. Loop Capital lowered their target price on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a report on Thursday, February 27th. William Blair reaffirmed an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. Robert W. Baird set a $105.00 target price on CAVA Group and gave the company an "outperform" rating in a report on Monday. Piper Sandler raised shares of CAVA Group from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $142.00 to $115.00 in a research note on Friday, February 28th. Finally, Barclays lowered their target price on shares of CAVA Group from $127.00 to $104.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $127.56.

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CAVA Group Stock Down 6.3 %

CAVA traded down $5.78 on Thursday, reaching $86.17. 1,356,015 shares of the company traded hands, compared to its average volume of 3,093,405. The company has a market cap of $9.96 billion, a P/E ratio of 186.82 and a beta of 3.33. CAVA Group, Inc. has a one year low of $58.22 and a one year high of $172.43. The firm has a fifty day simple moving average of $99.52 and a two-hundred day simple moving average of $119.16.

CAVA Group (NYSE:CAVA - Get Free Report) 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 business had revenue of $227.40 million during the quarter, compared to the consensus estimate of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. On average, equities analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of CAVA Group stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $76,499.85. Following the completion of the transaction, the chief accounting officer now owns 10,884 shares of the company's stock, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tricia K. Tolivar sold 2,086 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $248,609.48. Following the completion of the sale, the chief financial officer now owns 235,592 shares of the company's stock, valued at $28,077,854.56. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,235 shares of company stock worth $3,514,101. 12.10% of the stock is currently owned by insiders.

About CAVA Group

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.