Legacy Capital Wealth Partners LLC Purchases 5,712 Shares of CAVA Group, Inc. (NYSE:CAVA)

Legacy Capital Wealth Partners LLC lifted its holdings in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 71.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,658 shares of the company's stock after buying an additional 5,712 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in CAVA Group were worth $1,541,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company's stock valued at $38,000 after purchasing an additional 125 shares during the period. Golden State Wealth Management LLC acquired a new stake in CAVA Group in the 4th quarter valued at approximately $47,000. R Squared Ltd bought a new stake in CAVA Group during the 4th quarter valued at $49,000. Sunbelt Securities Inc. acquired a new position in CAVA Group during the 3rd quarter worth $50,000. Finally, Burkett Financial Services LLC bought a new position in shares of CAVA Group in the fourth quarter worth $56,000. 73.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CAVA shares. Citigroup lifted their price objective on shares of CAVA Group from $140.00 to $163.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Morgan Stanley upped their price target on shares of CAVA Group from $123.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. William Blair reiterated an "outperform" rating on shares of CAVA Group in a research note on Wednesday, November 13th. Loop Capital upped their target price on CAVA Group from $122.00 to $147.00 and gave the stock a "hold" rating in a research report on Thursday, November 14th. Finally, Barclays lowered their price target on CAVA Group from $142.00 to $127.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $142.13.

Insider Buying and Selling

In other news, insider Theodoros Xenohristos sold 851 shares of CAVA Group stock in a transaction 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 transaction, the insider now owns 358,995 shares in the company, valued at approximately $42,785,024.10. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $149.40, for a total value of $93,008,820.60. Following the completion of the sale, 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. In the last 90 days, insiders sold 651,784 shares of company stock valued at $96,522,922. Company insiders own 12.10% of the company's stock.

CAVA Group Trading Down 10.5 %

Shares of CAVA traded down $13.97 during midday trading on Wednesday, hitting $119.34. The stock had a trading volume of 4,454,556 shares, compared to its average volume of 2,054,564. The business has a 50-day simple moving average of $123.51 and a two-hundred day simple moving average of $125.01. The firm has a market cap of $13.67 billion, a P/E ratio of 259.43 and a beta of 3.25. CAVA Group, Inc. has a fifty-two week low of $48.10 and a fifty-two week 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.