Oxford Asset Management LLP Has $874,000 Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Oxford Asset Management LLP increased its position in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 209.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,747 shares of the company's stock after purchasing an additional 5,241 shares during the period. Oxford Asset Management LLP's holdings in CAVA Group were worth $874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new stake in shares of CAVA Group in the 4th quarter valued at approximately $25,000. Allworth Financial LP increased its stake in CAVA Group by 369.2% during the fourth quarter. Allworth Financial LP now owns 244 shares of the company's stock valued at $30,000 after purchasing an additional 192 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of CAVA Group by 274.0% during the fourth quarter. Larson Financial Group LLC now owns 273 shares of the company's stock worth $31,000 after purchasing an additional 200 shares during the period. Whittier Trust Co. raised its holdings in shares of 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. Finally, Signaturefd LLC boosted its holdings in shares of 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 period. 73.15% of the stock is owned by institutional investors.

CAVA Group Stock Down 1.4 %

CAVA traded down $1.27 during trading on Tuesday, reaching $91.89. The stock had a trading volume of 2,344,196 shares, compared to its average volume of 3,111,951. The stock has a 50 day moving average of $87.24 and a two-hundred day moving average of $115.51. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 199.76 and a beta of 3.33. CAVA Group, Inc. has a 1-year low of $66.15 and a 1-year high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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 net margin of 5.88% and a return on equity of 9.10%. On average, research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CAVA. TD Securities cut their target price on shares of CAVA Group from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Sanford C. Bernstein upgraded CAVA Group from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a research report on Wednesday, April 23rd. Robert W. Baird set a $105.00 price objective on CAVA Group and gave the stock an "outperform" rating in a research note on Monday, April 7th. Piper Sandler upgraded CAVA Group from a "neutral" rating to an "overweight" rating and cut their target price for the company from $142.00 to $115.00 in a research note on Friday, February 28th. Finally, Wedbush restated an "outperform" rating and set a $150.00 price target 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 assigned a buy rating to the company. Based on data from MarketBeat, CAVA Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.19.

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.