Legacy Capital Wealth Partners LLC Has $984,000 Stock Position in CAVA Group, Inc. (NYSE:CAVA)

Legacy Capital Wealth Partners LLC raised its holdings in CAVA Group, Inc. (NYSE:CAVA) by 71.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,946 shares of the company’s stock after buying an additional 3,321 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in CAVA Group were worth $984,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CAVA. Xponance Inc. boosted its position in shares of CAVA Group by 95.2% during the 2nd quarter. Xponance Inc. now owns 9,846 shares of the company’s stock worth $913,000 after purchasing an additional 4,803 shares in the last quarter. PFG Investments LLC boosted its holdings in CAVA Group by 36.8% in the third quarter. PFG Investments LLC now owns 15,907 shares of the company’s stock worth $1,970,000 after acquiring an additional 4,275 shares in the last quarter. Intech Investment Management LLC bought a new position in CAVA Group in the second quarter worth approximately $1,728,000. Nepsis Inc. increased its holdings in shares of CAVA Group by 4.5% during the third quarter. Nepsis Inc. now owns 147,507 shares of the company’s stock valued at $18,269,000 after acquiring an additional 6,380 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of CAVA Group during the first quarter valued at approximately $2,455,000. 73.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barclays lifted their price target on shares of CAVA Group from $95.00 to $113.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on shares of CAVA Group from $77.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Jefferies Financial Group lifted their price target on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, TD Cowen increased their price objective on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, CAVA Group presently has a consensus rating of “Moderate Buy” and an average price target of $120.36.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, Director Theodoros Xenohristos sold 98,490 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the completion of the transaction, the director now directly owns 424,846 shares of the company’s stock, valued at approximately $53,432,881.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.64, for a total value of $628,200.00. Following the completion of the transaction, the chief financial officer now owns 292,600 shares in the company, valued at $36,762,264. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodoros Xenohristos sold 98,490 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the sale, the director now owns 424,846 shares in the company, valued at $53,432,881.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 304,994 shares of company stock worth $38,310,084 over the last three months. 12.10% of the stock is currently owned by insiders.

CAVA Group Trading Up 4.1 %

Shares of CAVA Group stock opened at $147.20 on Friday. The business’s fifty day simple moving average is $128.75 and its 200 day simple moving average is $101.77. CAVA Group, Inc. has a 12 month low of $29.66 and a 12 month high of $147.61. The firm has a market capitalization of $16.83 billion, a P/E ratio of 397.84 and a beta of 3.23.

CAVA Group (NYSE:CAVA) last released its earnings results on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. The company had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $219.47 million. During the same period in the previous year, the business posted $0.21 EPS. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. Analysts predict that CAVA Group, Inc. will post 0.44 EPS for the current fiscal year.

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.