Banque Transatlantique SA Invests $12.85 Million in CAVA Group, Inc. (NYSE:CAVA)

Banque Transatlantique SA purchased a new stake in CAVA Group, Inc. (NYSE:CAVA) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 113,911 shares of the company’s stock, valued at approximately $12,849,000. Banque Transatlantique SA owned about 0.10% of CAVA Group at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Arcadia Investment Management Corp MI acquired a new stake in shares of CAVA Group during the fourth quarter worth about $25,000. Allworth Financial LP grew its stake in shares of CAVA Group by 369.2% in the 4th 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 increased 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 during the period. Whittier Trust Co. raised its stake 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 last quarter. Finally, Signaturefd LLC lifted its holdings in shares of CAVA Group by 884.4% during the fourth quarter. Signaturefd LLC now owns 315 shares of the company’s stock worth $36,000 after purchasing an additional 283 shares during the period. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Stock Performance

Shares of CAVA opened at $96.58 on Friday. CAVA Group, Inc. has a fifty-two week low of $70.00 and a fifty-two week high of $172.43. The company has a market capitalization of $11.17 billion, a PE ratio of 209.96 and a beta of 3.33. The stock has a fifty day moving average of $86.14 and a two-hundred day moving average of $114.51.

CAVA Group (NYSE:CAVA) last released its earnings results 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 business had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $223.34 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. As a group, equities research analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CAVA. Wedbush restated an “outperform” rating and issued a $150.00 target price on shares of CAVA Group in a research note on Wednesday, February 26th. William Blair reiterated an “outperform” rating on shares of CAVA Group in a research report on Wednesday, February 26th. Citigroup reduced their price target on CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Barclays dropped their price objective on CAVA Group from $104.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Finally, UBS Group decreased their target price on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.