Interval Partners LP Makes New Investment in CAVA Group, Inc. (NYSE:CAVA)

Interval Partners LP acquired a new position in shares of CAVA Group, Inc. (NYSE:CAVA) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $2,820,000.

A number of other large investors have also recently bought and sold shares of the company. Utah Retirement Systems grew its stake in CAVA Group by 2.5% during the fourth quarter. Utah Retirement Systems now owns 4,100 shares of the company’s stock worth $462,000 after buying an additional 100 shares in the last quarter. Howard Financial Services LTD. grew its stake in CAVA Group by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock worth $699,000 after buying an additional 109 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of CAVA Group by 37.0% in the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after purchasing an additional 114 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Finally, Mainstream Capital Management LLC boosted its stake in shares of CAVA Group by 0.7% in the 4th 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 in the last quarter. 73.15% of the stock is currently owned by institutional investors and hedge funds.

CAVA Group Stock Down 2.1%

Shares of CAVA stock opened at $93.95 on Monday. The stock has a fifty day moving average of $86.46 and a 200 day moving average of $112.91. CAVA Group, Inc. has a 52 week low of $70.00 and a 52 week high of $172.43. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 204.24 and a beta of 3.28.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. Equities research analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a research note on Thursday, March 20th. Sanford C. Bernstein upgraded shares of CAVA Group from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Wednesday, April 23rd. Loop Capital reduced their price target on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Bank of America started coverage on shares of CAVA Group in a research note on Monday, March 31st. They issued a “buy” rating and a $112.00 price target on the stock. Finally, Citigroup dropped their price objective on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.19.

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.