WealthShield Partners LLC Acquires 200 Shares of CAVA Group, Inc. (NYSE:CAVA)

WealthShield Partners LLC grew its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 12.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,864 shares of the company’s stock after buying an additional 200 shares during the period. WealthShield Partners LLC’s holdings in CAVA Group were worth $210,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CAVA. Nwam LLC boosted its stake in CAVA Group by 2.6% during the third quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after acquiring an additional 85 shares in the last quarter. Howard Financial Services LTD. boosted its position in shares of CAVA Group by 1.8% during the 4th quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock worth $699,000 after purchasing an additional 109 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of CAVA Group by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock worth $407,000 after purchasing an additional 110 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of CAVA Group by 6.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after buying an additional 113 shares during the period. Finally, GAMMA Investing LLC increased its position in CAVA Group by 37.0% in the 4th quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Insider Buying and Selling at CAVA Group

In other news, CAO Adam David Phillips sold 615 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kenneth Robert Bertram sold 678 shares of CAVA Group stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $84,336.42. Following the completion of the sale, the insider now directly owns 57,312 shares in the company, valued at $7,129,039.68. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 651,784 shares of company stock worth $96,522,922 in the last quarter. 12.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CAVA has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Barclays cut their target price on CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Citigroup decreased their price target on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research note on Wednesday, November 13th. Finally, Sanford C. Bernstein initiated coverage on shares of CAVA Group in a research report on Wednesday, November 20th. They set a “market perform” rating and a $145.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, CAVA Group has an average rating of “Moderate Buy” and an average target price of $140.60.

CAVA Group Stock Down 3.5 %

CAVA stock opened at $104.19 on Tuesday. The business has a 50 day moving average of $122.60 and a 200-day moving average of $125.90. The firm has a market cap of $11.94 billion, a PE ratio of 226.49 and a beta of 3.25. CAVA Group, Inc. has a 12-month low of $50.37 and a 12-month high of $172.43.

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.