Sanctuary Advisors LLC Grows Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Sanctuary Advisors LLC raised its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 19.2% during the fourth quarter, HoldingsChannel reports. The firm owned 22,335 shares of the company’s stock after purchasing an additional 3,597 shares during the period. Sanctuary Advisors LLC’s holdings in CAVA Group were worth $2,519,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CAVA. Creative Planning raised its position in CAVA Group by 22.6% during the third quarter. Creative Planning now owns 6,185 shares of the company’s stock valued at $766,000 after purchasing an additional 1,139 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in CAVA Group during the third quarter valued at about $126,390,000. PFG Investments LLC increased its holdings in shares of 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 buying an additional 4,275 shares during the period. Yeomans Consulting Group Inc. purchased a new position in shares of CAVA Group in the third quarter worth about $591,000. Finally, Financial Advocates Investment Management increased its holdings in shares of CAVA Group by 12.6% in the third quarter. Financial Advocates Investment Management now owns 3,125 shares of the company’s stock worth $387,000 after buying an additional 349 shares during the period. Hedge funds and other institutional investors own 73.15% of the company’s stock.

CAVA Group Stock Performance

CAVA Group stock opened at $108.05 on Friday. The stock’s 50 day simple moving average is $123.05 and its two-hundred day simple moving average is $125.46. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 234.89 and a beta of 3.25. CAVA Group, Inc. has a fifty-two week low of $48.55 and a fifty-two week high of $172.43.

Insider Buying and Selling at CAVA Group

In other news, Director Ronald M. Shaich sold 622,549 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 6,307 shares of the company’s stock, valued at $942,265.80. The trade was a 99.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Adam David Phillips sold 615 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 651,784 shares of company stock valued at $96,522,922. 12.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CAVA shares. TD Cowen lifted their price objective on CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Sanford C. Bernstein started coverage on CAVA Group in a report on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. UBS Group reduced their price target on CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, William Blair restated an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating and eight have given 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 price target of $140.60.

CAVA Group 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.