Legacy Capital Group California Inc. Sells 277 Shares of CAVA Group, Inc. (NYSE:CAVA)

Legacy Capital Group California Inc. trimmed its position in CAVA Group, Inc. (NYSE:CAVAFree Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,951 shares of the company’s stock after selling 277 shares during the quarter. CAVA Group accounts for 0.7% of Legacy Capital Group California Inc.’s portfolio, making the stock its 20th largest position. Legacy Capital Group California Inc.’s holdings in CAVA Group were worth $2,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAVA. Nwam LLC grew its holdings in shares of CAVA Group by 2.6% in the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after purchasing an additional 85 shares during the last quarter. Howard Financial Services LTD. lifted its stake in shares of CAVA Group by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock valued at $699,000 after acquiring an additional 109 shares during the period. CIBC Asset Management Inc lifted its position in CAVA Group by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after purchasing an additional 110 shares during the period. Farther Finance Advisors LLC boosted its stake in CAVA Group by 6.3% in the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after acquiring an additional 113 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position 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 purchasing an additional 114 shares during the last quarter. 73.15% of the stock is owned by institutional investors.

Insider Transactions at CAVA Group

In other news, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction dated 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 transaction, the director now directly owns 6,307 shares in the company, valued at $942,265.80. This represents a 99.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $76,499.85. Following the completion of the sale, the chief accounting officer now directly owns 10,884 shares in the company, valued at approximately $1,353,860.76. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 651,784 shares of company stock valued at $96,522,922 in the last ninety days. 12.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein started coverage on shares of CAVA Group in a report on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price target for the company. Robert W. Baird upped their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. William Blair reissued an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. Finally, Loop Capital increased their price target on CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $142.13.

View Our Latest Research Report on CAVA Group

CAVA Group Stock Performance

Shares of CAVA Group stock opened at $118.51 on Friday. The firm has a market cap of $13.58 billion, a PE ratio of 257.63 and a beta of 3.25. The business’s 50 day simple moving average is $123.37 and its 200 day simple moving average is $124.97. CAVA Group, Inc. has a 52-week low of $48.10 and a 52-week high of $172.43.

CAVA Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CAVA Group (NYSE:CAVA)

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