CAVA Group, Inc. (NYSE:CAVA) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. increased its stake in CAVA Group, Inc. (NYSE:CAVA) by 123.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,808 shares of the company’s stock after acquiring an additional 28,583 shares during the period. Baird Financial Group Inc.’s holdings in CAVA Group were worth $5,844,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CAVA. Arcadia Investment Management Corp MI purchased a new stake in shares of CAVA Group during the 4th quarter valued at $25,000. Allworth Financial LP grew its position 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 acquiring an additional 192 shares during the period. Larson Financial Group LLC increased its stake in 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 acquiring an additional 200 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of CAVA Group by 80.9% in the 4th 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 lifted its stake 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 purchasing an additional 283 shares in the last quarter. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on CAVA. JPMorgan Chase & Co. raised 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 report on Thursday, March 20th. Loop Capital decreased their price target on shares of CAVA Group from $147.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Sanford C. Bernstein raised CAVA Group from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Wednesday, April 23rd. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research report on Wednesday, February 26th. Finally, Bank of America initiated coverage on CAVA Group in a report on Monday, March 31st. They set a “buy” rating and a $112.00 target price on the stock. Five investment 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, CAVA Group presently has a consensus rating of “Moderate Buy” and an average target price of $124.19.

CAVA Group Price Performance

NYSE:CAVA opened at $93.95 on Friday. CAVA Group, Inc. has a 12-month low of $70.00 and a 12-month high of $172.43. The business has a 50 day simple moving average of $86.46 and a 200 day simple moving average of $113.25. The firm has a market capitalization of $10.87 billion, a P/E ratio of 204.24 and a beta of 3.28.

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 return on equity of 9.10% and a net margin of 5.88%. The firm had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. Research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

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.