Legacy Capital Wealth Partners LLC Grows Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Legacy Capital Wealth Partners LLC grew its holdings in CAVA Group, Inc. (NYSE:CAVA) by 71.9% during the fourth quarter, HoldingsChannel reports. The firm owned 13,658 shares of the company’s stock after acquiring an additional 5,712 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in CAVA Group were worth $1,541,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CAVA. GAMMA Investing LLC lifted its stake in CAVA Group by 68.3% in the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 125 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of CAVA Group during the 4th quarter valued at approximately $47,000. R Squared Ltd purchased a new stake in shares of CAVA Group during the 4th quarter valued at approximately $49,000. Sunbelt Securities Inc. purchased a new stake in shares of CAVA Group during the 3rd quarter valued at approximately $50,000. Finally, Burkett Financial Services LLC purchased a new stake in shares of CAVA Group during the 4th quarter valued at approximately $56,000. 73.15% of the stock is owned by hedge funds and other institutional investors.

CAVA Group Stock Up 0.6 %

NYSE:CAVA opened at $131.28 on Friday. The company has a fifty day simple moving average of $123.58 and a two-hundred day simple moving average of $124.08. The company has a market cap of $15.04 billion, a price-to-earnings ratio of 285.39 and a beta of 3.25. CAVA Group, Inc. has a 52 week low of $48.10 and a 52 week high of $172.43.

Analyst Ratings Changes

Several research firms have recently commented on CAVA. Citigroup lifted their price target on shares of CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Loop Capital lifted their price target on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Barclays reduced their price target on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. UBS Group dropped their target price on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, TD Cowen lifted their target price on shares of CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.13.

Insiders Place Their Bets

In related news, insider Kenneth Robert Bertram sold 678 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $84,336.42. Following the completion of the transaction, the insider now owns 57,312 shares in the company, valued at approximately $7,129,039.68. The trade was a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Karen Kochevar sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the transaction, the director now owns 1,307 shares of the company’s stock, valued at approximately $185,894.61. The trade was a 91.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 666,784 shares of company stock worth $98,656,372 over the last 90 days. Corporate insiders own 12.10% of the company’s stock.

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.