Handelsbanken Fonder AB Has $2.30 Million Position in CAVA Group, Inc. (NYSE:CAVA)

Handelsbanken Fonder AB boosted its position in CAVA Group, Inc. (NYSE:CAVA) by 92.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,400 shares of the company’s stock after purchasing an additional 9,800 shares during the period. Handelsbanken Fonder AB’s holdings in CAVA Group were worth $2,301,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ieq Capital LLC boosted its stake in CAVA Group by 261.2% in the fourth quarter. Ieq Capital LLC now owns 9,885 shares of the company’s stock valued at $1,115,000 after acquiring an additional 7,148 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of CAVA Group by 19.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 7,606 shares of the company’s stock worth $858,000 after purchasing an additional 1,245 shares during the period. Truist Financial Corp lifted its stake in CAVA Group by 28.8% in the fourth quarter. Truist Financial Corp now owns 6,423 shares of the company’s stock valued at $725,000 after purchasing an additional 1,437 shares during the last quarter. CIBC Asset Management Inc lifted its stake in CAVA Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 3,461 shares of the company’s stock valued at $390,000 after purchasing an additional 174 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in CAVA Group by 19.2% during the fourth quarter. Sanctuary Advisors LLC now owns 22,335 shares of the company’s stock valued at $2,519,000 after purchasing an additional 3,597 shares during the period. Institutional investors own 73.15% of the company’s stock.

Insider Buying and Selling

In other CAVA Group news, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction that occurred on Monday, December 9th. The shares were 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. The trade was a 99.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Theodoros Xenohristos sold 851 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 directly owns 358,995 shares of the company’s stock, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 651,784 shares of company stock worth $96,522,922 over the last ninety days. 12.10% of the stock is owned by corporate insiders.

CAVA Group Stock Performance

CAVA Group stock opened at $104.19 on Tuesday. CAVA Group, Inc. has a fifty-two week low of $50.37 and a fifty-two week high of $172.43. The stock has a market cap of $11.94 billion, a P/E ratio of 226.49 and a beta of 3.25. The firm’s fifty day moving average price is $122.60 and its 200-day moving average price is $125.90.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. William Blair restated an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. UBS Group lowered their price objective on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. TD Cowen increased their target price on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Citigroup lowered their price target on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Piper Sandler raised their price objective on shares of CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.60.

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.