Legacy Capital Wealth Partners LLC Purchases 5,712 Shares of CAVA Group, Inc. (NYSE:CAVA)

Legacy Capital Wealth Partners LLC increased its position in shares of CAVA Group, Inc. (NYSE:CAVA - Free Report) by 71.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,658 shares of the company's stock after acquiring an additional 5,712 shares during the period. Legacy Capital Wealth Partners LLC's holdings in CAVA Group were worth $1,541,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC increased its stake in CAVA Group by 36,658.7% in the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company's stock worth $277,683,000 after purchasing an additional 2,455,035 shares in the last quarter. Geode Capital Management LLC increased its stake in CAVA Group by 121.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,222,834 shares of the company's stock worth $151,492,000 after purchasing an additional 669,599 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 worth $63,918,000 after purchasing an additional 373,835 shares in the last quarter. Two Sigma Advisers LP increased its stake in CAVA Group by 17.0% in the 3rd quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company's stock worth $273,820,000 after purchasing an additional 321,800 shares in the last quarter. Finally, State Street Corp increased its stake in CAVA Group by 33.3% in the 3rd quarter. State Street Corp now owns 1,267,333 shares of the company's stock worth $156,959,000 after purchasing an additional 316,514 shares in the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

CAVA Group Price Performance

CAVA traded down $11.31 on Wednesday, hitting $122.00. The company had a trading volume of 1,685,121 shares, compared to its average volume of 1,963,682. The company's fifty day moving average price is $123.55 and its 200 day moving average price is $124.68. CAVA Group, Inc. has a 1-year low of $48.10 and a 1-year high of $172.43. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 265.15 and a beta of 3.25.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CAVA shares. Citigroup lifted their price target on CAVA Group from $140.00 to $163.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. UBS Group lowered their target price on CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lifted their target price on CAVA Group from $90.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Morgan Stanley lifted their target price on CAVA Group from $123.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, November 14th. Finally, Barclays lowered their target price on 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. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, CAVA Group has a consensus rating of "Moderate Buy" and an average price target of $142.13.

Insider Buying and Selling

In related news, CAO Adam David Phillips sold 615 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brett Schulman sold 20,564 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $2,450,817.52. Following the completion of the sale, the chief executive officer now owns 776,369 shares of the company's stock, valued at approximately $92,527,657.42. This trade represents a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 651,784 shares of company stock worth $96,522,922. 12.10% of the stock is currently owned by insiders.

CAVA Group Company 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.