Sanctuary Advisors LLC Has $2.52 Million Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Sanctuary Advisors LLC lifted its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Conway Capital Management Inc. acquired a new position in CAVA Group in the 3rd quarter valued at about $5,524,000. Entropy Technologies LP acquired a new position in CAVA Group in the 4th quarter valued at about $2,097,000. Empowered Funds LLC acquired a new position in CAVA Group in the 4th quarter valued at about $5,007,000. SpiderRock Advisors LLC grew its stake in CAVA Group by 8.9% in the 3rd quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock valued at $59,364,000 after buying an additional 39,319 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in CAVA Group by 262.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock valued at $63,918,000 after buying an additional 373,835 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

Wall Street Analyst Weigh In

CAVA has been the topic of a number of research reports. Barclays decreased their price target on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Citigroup decreased their target price on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday. Piper Sandler increased their target price on shares of CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Robert W. Baird increased their target price on shares of CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Wedbush increased their target price on shares of CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, CAVA Group currently has a consensus rating of “Moderate Buy” and an average price target of $140.60.

Insider Transactions at CAVA Group

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $1,353,860.76. This trade represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronald M. Shaich sold 622,549 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 6,307 shares of the company’s stock, valued at $942,265.80. This represents a 99.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 651,784 shares of company stock worth $96,522,922 over the last three months. 12.10% of the stock is owned by company insiders.

CAVA Group Stock Performance

Shares of NYSE CAVA opened at $108.05 on Friday. CAVA Group, Inc. has a 52-week low of $48.55 and a 52-week high of $172.43. The firm has a 50 day moving average price of $123.05 and a two-hundred day moving average price of $125.46. The stock has a market cap of $12.38 billion, a P/E ratio of 234.89 and a beta of 3.25.

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.