Bfsg LLC Has $925,000 Stake in CAVA Group, Inc. (NYSE:CAVA)

Bfsg LLC trimmed its stake in CAVA Group, Inc. (NYSE:CAVA) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,199 shares of the company’s stock after selling 124 shares during the period. Bfsg LLC’s holdings in CAVA Group were worth $925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of CAVA. Allworth Financial LP grew its position in CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after purchasing an additional 192 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in CAVA Group in the 4th quarter worth $47,000. GAMMA Investing LLC lifted its holdings in shares of CAVA Group by 37.0% during the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock worth $48,000 after acquiring an additional 114 shares during the period. R Squared Ltd bought a new position in shares of CAVA Group during the 4th quarter worth about $49,000. Finally, Principal Securities Inc. lifted its holdings in shares of CAVA Group by 263.3% during the 4th quarter. Principal Securities Inc. now owns 436 shares of the company’s stock worth $49,000 after acquiring an additional 316 shares during the period. 73.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CAVA Group news, CEO Brett Schulman sold 20,564 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 value of $2,450,817.52. Following the completion of the transaction, the chief executive officer now directly owns 776,369 shares of the company’s stock, valued at approximately $92,527,657.42. The trade was a 2.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the completion of the transaction, the director now directly owns 6,307 shares of the company’s stock, valued at approximately $942,265.80. This represents a 99.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 651,784 shares of company stock valued at $96,522,922. Insiders own 12.10% of the company’s stock.

CAVA Group Trading Up 1.7 %

Shares of NYSE CAVA opened at $133.33 on Wednesday. CAVA Group, Inc. has a 1-year low of $48.10 and a 1-year high of $172.43. The company has a market cap of $15.28 billion, a PE ratio of 289.85 and a beta of 3.25. The company has a 50-day moving average of $123.55 and a two-hundred day moving average of $124.68.

Analyst Ratings Changes

A number of research firms have recently commented on CAVA. Wedbush raised their price objective on shares of CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. UBS Group reduced their price objective 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. JPMorgan Chase & Co. raised their price objective on shares of CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Citigroup raised their price objective on shares of CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $142.13.

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.