Atria Wealth Solutions Inc. Grows Position in CAVA Group, Inc. (NYSE:CAVA)

Atria Wealth Solutions Inc. raised its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,606 shares of the company’s stock after acquiring an additional 1,245 shares during the period. Atria Wealth Solutions Inc.’s holdings in CAVA Group were worth $858,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Creative Planning boosted its holdings in CAVA Group by 22.6% during the third quarter. Creative Planning now owns 6,185 shares of the company’s stock worth $766,000 after purchasing an additional 1,139 shares during the last quarter. Yeomans Consulting Group Inc. purchased a new position in shares of CAVA Group in the 3rd quarter worth approximately $591,000. Financial Advocates Investment Management grew 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 valued at $387,000 after acquiring an additional 349 shares in the last quarter. Gladstone Institutional Advisory LLC increased its position in shares of CAVA Group by 175.9% during the third quarter. Gladstone Institutional Advisory LLC now owns 6,056 shares of the company’s stock valued at $750,000 after acquiring an additional 3,861 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in CAVA Group by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock worth $237,000 after acquiring an additional 113 shares during the period. 73.15% of the stock is owned by hedge funds and other institutional investors.

CAVA Group Trading Down 3.5 %

CAVA stock opened at $104.19 on Tuesday. The firm has a 50 day moving average of $122.60 and a 200-day moving average of $125.90. The firm has a market capitalization of $11.94 billion, a P/E 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.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CAVA. Sanford C. Bernstein started coverage on 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. Piper Sandler raised their price objective on shares of CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Robert W. Baird boosted their target price on shares of CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Morgan Stanley raised 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. Finally, TD Cowen upped their price objective on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.60.

Insider Buying and Selling at CAVA Group

In related news, insider Theodoros Xenohristos sold 851 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $101,422.18. Following the transaction, the insider now directly owns 358,995 shares in the company, valued at approximately $42,785,024.10. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the sale, the director now owns 6,307 shares of the company’s stock, valued at approximately $942,265.80. The trade was 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 valued at $96,522,922 in the last three months. Company insiders own 12.10% of the company’s stock.

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.