Trexquant Investment LP Has $25.47 Million Holdings in CAVA Group, Inc. (NYSE:CAVA)

Trexquant Investment LP increased its holdings in CAVA Group, Inc. (NYSE:CAVA) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,762 shares of the company’s stock after purchasing an additional 7,239 shares during the period. Trexquant Investment LP owned approximately 0.20% of CAVA Group worth $25,466,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in shares of CAVA Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,243,954 shares of the company’s stock worth $140,583,000 after acquiring an additional 21,120 shares in the last quarter. Nemes Rush Group LLC bought a new stake in CAVA Group during the fourth quarter worth approximately $5,353,000. HighPoint Advisor Group LLC boosted its position in CAVA Group by 3.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 6,747 shares of the company’s stock worth $761,000 after purchasing an additional 228 shares during the period. California Public Employees Retirement System raised its position in shares of CAVA Group by 17.8% in the fourth quarter. California Public Employees Retirement System now owns 126,540 shares of the company’s stock valued at $14,274,000 after purchasing an additional 19,078 shares during the period. Finally, Schroder Investment Management Group lifted its stake in shares of CAVA Group by 6.0% in the fourth quarter. Schroder Investment Management Group now owns 54,434 shares of the company’s stock worth $6,070,000 after buying an additional 3,075 shares during the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CAVA Group

In related news, CAO Adam David Phillips sold 615 shares of CAVA Group stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the completion of the transaction, the chief accounting officer now directly owns 10,884 shares of the company’s stock, valued at $1,353,860.76. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $101,422.18. Following the completion of the transaction, the insider now owns 358,995 shares in the company, valued at approximately $42,785,024.10. This trade represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,235 shares of company stock valued at $3,514,101 in the last 90 days. 12.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CAVA. Loop Capital lowered their target price 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. TD Securities lowered their price target on CAVA Group from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Wedbush reissued an “outperform” rating and set a $150.00 price objective on shares of CAVA Group in a research report on Wednesday, February 26th. UBS Group lowered their target price on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Citigroup cut 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. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.25.

CAVA Group Stock Performance

Shares of CAVA Group stock opened at $86.53 on Tuesday. The firm has a market cap of $10.00 billion, a P/E ratio of 188.10 and a beta of 3.58. The firm’s 50-day simple moving average is $107.40 and its 200-day simple moving average is $121.67. CAVA Group, Inc. has a twelve month low of $58.22 and a twelve month high of $172.43.

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 net margin of 5.88% and a return on equity of 9.10%. The company had revenue of $227.40 million for the quarter, compared to analyst estimates of $223.34 million. On average, equities analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share 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.