Atria Wealth Solutions Inc. Purchases 1,245 Shares of CAVA Group, Inc. (NYSE:CAVA)

Atria Wealth Solutions Inc. lifted its position in shares of CAVA Group, Inc. (NYSE:CAVA) by 19.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,606 shares of the company’s stock after buying 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.

A number of other hedge funds also recently bought and sold shares of CAVA. Allworth Financial LP raised its stake in shares of CAVA Group by 369.2% during the fourth quarter. Allworth Financial LP now owns 244 shares of the company’s stock worth $30,000 after acquiring an additional 192 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in CAVA Group in the 4th quarter worth $47,000. GAMMA Investing LLC lifted its stake in CAVA Group by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock worth $48,000 after purchasing an additional 114 shares during the last quarter. R Squared Ltd purchased a new stake in CAVA Group during the fourth quarter valued at about $49,000. Finally, Principal Securities Inc. grew its stake in shares of CAVA Group by 263.3% during the fourth quarter. Principal Securities Inc. now owns 436 shares of the company’s stock valued at $49,000 after buying an additional 316 shares during the last quarter. Institutional investors own 73.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CAVA has been the subject of several analyst reports. Morgan Stanley increased their target price on CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Citigroup cut their target price on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday. TD Cowen upped their price target on shares of CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised their price target on shares of CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus upped their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.60.

Insider Activity

In other CAVA Group news, CAO Adam David Phillips sold 615 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $76,499.85. Following the completion of the transaction, the chief accounting officer now owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the director now directly owns 6,307 shares in the company, valued at approximately $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 in the last quarter. 12.10% of the stock is owned by company insiders.

CAVA Group Stock Performance

CAVA Group stock opened at $104.19 on Tuesday. CAVA Group, Inc. has a fifty-two week low of $50.37 and a fifty-two week high of $172.43. The stock’s 50 day simple moving average is $122.60 and its two-hundred day simple moving average is $125.90. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 226.49 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.