CAVA Group, Inc. $CAVA Shares Bought by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC grew its holdings in CAVA Group, Inc. (NYSE:CAVA) by 42,785.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 35,166 shares of the company’s stock after buying an additional 35,084 shares during the period. Ameritas Advisory Services LLC’s holdings in CAVA Group were worth $2,124,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quadcap Wealth Management LLC raised its position in shares of CAVA Group by 1.4% in the 2nd quarter. Quadcap Wealth Management LLC now owns 8,966 shares of the company’s stock valued at $755,000 after purchasing an additional 124 shares during the last quarter. McDonough Capital Management Inc increased its stake in CAVA Group by 4.7% during the 2nd quarter. McDonough Capital Management Inc now owns 2,910 shares of the company’s stock valued at $245,000 after purchasing an additional 131 shares in the last quarter. Tsfg LLC raised its holdings in shares of CAVA Group by 19.1% in the second quarter. Tsfg LLC now owns 937 shares of the company’s stock worth $79,000 after buying an additional 150 shares during the last quarter. Baltimore Washington Financial Advisors Inc. lifted its stake in shares of CAVA Group by 5.6% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 2,810 shares of the company’s stock worth $237,000 after buying an additional 150 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in shares of CAVA Group by 0.4% during the second quarter. D.A. Davidson & CO. now owns 34,342 shares of the company’s stock valued at $2,893,000 after buying an additional 153 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 subject of a number of research analyst reports. TD Cowen restated a “buy” rating on shares of CAVA Group in a research note on Monday, January 5th. Mizuho increased their price objective on CAVA Group from $52.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, January 9th. Truist Financial lifted their target price on CAVA Group from $66.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. UBS Group upped their target price on CAVA Group from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. Finally, Barclays raised their price target on shares of CAVA Group from $52.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $82.08.

Insider Buying and Selling

In other CAVA Group news, CEO Brett Schulman sold 21,650 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $67.41, for a total value of $1,459,426.50. Following the completion of the transaction, the chief executive officer owned 807,325 shares in the company, valued at approximately $54,421,778.25. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kenneth Robert Bertram sold 3,788 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $50.70, for a total transaction of $192,051.60. Following the sale, the insider directly owned 51,143 shares in the company, valued at approximately $2,592,950.10. The trade was a 6.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 42,843 shares of company stock valued at $2,764,355 in the last ninety days. Company insiders own 6.80% of the company’s stock.

CAVA Group Price Performance

NYSE:CAVA opened at $63.48 on Friday. The company has a 50 day moving average price of $62.68 and a 200-day moving average price of $62.85. CAVA Group, Inc. has a 1-year low of $43.41 and a 1-year high of $134.73. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 54.72, a price-to-earnings-growth ratio of 4.67 and a beta of 2.41.

About CAVA Group

CAVA Group, Inc (NYSE: CAVA) is a leading fast-casual restaurant company specializing in Mediterranean-inspired cuisine. Operating under the CAVA brand, the company offers customizable bowls, pitas and salads built around a variety of proteins, grains, fresh vegetables and house-made spreads. With a focus on high-quality ingredients and made-to-order preparation, CAVA aims to deliver a casual yet elevated dining experience for dine-in, takeout and catering customers.

Founded in 2011 in the Washington, DC metro area by Ike Grigoropoulos, Dimitri Katsanis and Brett Schulman, CAVA has pursued an aggressive growth strategy that included the 2018 acquisition of Zoe’s Kitchen.