ABN Amro Investment Solutions Increases Stock Holdings in CAVA Group, Inc. $CAVA

ABN Amro Investment Solutions lifted its stake in shares of CAVA Group, Inc. (NYSE:CAVA) by 262.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 44,626 shares of the company’s stock after acquiring an additional 32,327 shares during the quarter. ABN Amro Investment Solutions’ holdings in CAVA Group were worth $2,696,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CAVA. HighTower Advisors LLC grew its position in shares of CAVA Group by 23.2% in the 3rd quarter. HighTower Advisors LLC now owns 49,050 shares of the company’s stock valued at $2,963,000 after buying an additional 9,247 shares during the last quarter. Uhlmann Price Securities LLC boosted its stake in CAVA Group by 6.9% in the third quarter. Uhlmann Price Securities LLC now owns 13,748 shares of the company’s stock valued at $831,000 after acquiring an additional 886 shares in the last quarter. Investment Partners LTD. grew its holdings in shares of CAVA Group by 49.6% during the third quarter. Investment Partners LTD. now owns 6,318 shares of the company’s stock worth $382,000 after purchasing an additional 2,095 shares during the last quarter. WJ Financial Advisors LLC acquired a new stake in shares of CAVA Group during the third quarter worth about $437,000. Finally, Ameritas Advisory Services LLC increased its position in shares of CAVA Group by 42,785.4% during the third quarter. Ameritas Advisory Services LLC now owns 35,166 shares of the company’s stock worth $2,124,000 after purchasing an additional 35,084 shares in the last quarter. Institutional investors and hedge funds own 73.15% of the company’s stock.

CAVA Group Trading Down 0.2%

Shares of CAVA opened at $63.48 on Monday. The stock’s 50 day moving average is $62.68 and its two-hundred day moving average is $62.50. CAVA Group, Inc. has a twelve month low of $43.41 and a twelve month high of $134.73. The firm has a market capitalization of $7.36 billion, a PE ratio of 54.72, a P/E/G ratio of 4.67 and a beta of 2.41.

Insider Transactions at CAVA Group

In other CAVA Group news, insider Theodoros Xenohristos sold 1,039 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $62.14, for a total transaction of $64,563.46. Following the sale, the insider directly owned 332,205 shares in the company, valued at approximately $20,643,218.70. The trade was a 0.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kenneth Robert Bertram sold 994 shares of the company’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total transaction of $61,767.16. Following the transaction, the insider directly owned 49,122 shares in the company, valued at approximately $3,052,441.08. This trade represents a 1.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 42,843 shares of company stock valued at $2,764,355. 12.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on CAVA. Truist Financial increased their price objective on CAVA Group from $66.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 8th. UBS Group upped their price target on shares of CAVA Group from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. KeyCorp decreased their price target on shares of CAVA Group from $85.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Morgan Stanley dropped their price objective on shares of CAVA Group from $86.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Finally, Telsey Advisory Group started coverage on shares of CAVA Group in a research note on Friday, January 9th. They set an “outperform” rating and a $85.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.08.

CAVA Group Company Profile

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.