Wealthspire Advisors LLC Grows Holdings in CAVA Group, Inc. (NYSE:CAVA)

Wealthspire Advisors LLC grew its stake in CAVA Group, Inc. (NYSE:CAVA) by 57.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,828 shares of the company’s stock after buying an additional 19,607 shares during the period. Wealthspire Advisors LLC’s holdings in CAVA Group were worth $6,072,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new stake in shares of CAVA Group in the 4th quarter worth approximately $25,000. Allworth Financial LP lifted its holdings in shares of 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 acquiring an additional 192 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of CAVA Group in the 4th quarter worth approximately $47,000. GAMMA Investing LLC lifted its holdings in shares of CAVA Group by 37.0% in 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 last quarter. Finally, R Squared Ltd bought a new stake in shares of CAVA Group in the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Insider Transactions at CAVA Group

In other news, CAO Adam David Phillips sold 615 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $76,499.85. Following the sale, the chief accounting officer now directly owns 10,884 shares of the company’s stock, valued at $1,353,860.76. This represents a 5.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald M. Shaich sold 622,549 shares of the company’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 sale, the director now directly owns 6,307 shares in the company, valued at $942,265.80. This represents a 99.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 651,784 shares of company stock valued at $96,522,922 in the last three months. 12.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CAVA has been the subject of a number of recent research reports. William Blair restated an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. Stifel Nicolaus upped their price target on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Loop Capital upped their price target on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Citigroup lowered their price target on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a report on Friday. Finally, Barclays lowered their price target on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.60.

CAVA Group Price Performance

NYSE:CAVA opened at $108.05 on Monday. The firm’s 50-day moving average price is $123.05 and its 200-day moving average price is $125.76. The company has a market capitalization of $12.38 billion, a PE ratio of 234.89 and a beta of 3.25. CAVA Group, Inc. has a 1-year low of $48.55 and a 1-year high of $172.43.

CAVA Group Company 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.