Handelsbanken Fonder AB Purchases 9,800 Shares of CAVA Group, Inc. (NYSE:CAVA)

Handelsbanken Fonder AB boosted its position in CAVA Group, Inc. (NYSE:CAVA) by 92.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,400 shares of the company’s stock after buying an additional 9,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in CAVA Group were worth $2,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of CAVA. Nwam LLC boosted its stake in shares of CAVA Group by 2.6% in the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock valued at $417,000 after purchasing an additional 85 shares in the last quarter. Howard Financial Services LTD. lifted its stake in CAVA Group by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company’s stock worth $699,000 after purchasing an additional 109 shares during the last quarter. CIBC Asset Management Inc boosted its position in CAVA Group by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after buying an additional 110 shares during the period. Farther Finance Advisors LLC boosted its position in CAVA Group by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after buying an additional 113 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of CAVA Group by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company’s stock valued at $48,000 after buying an additional 114 shares during the last quarter. 73.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CAVA has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted 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. Wedbush boosted their price objective on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. UBS Group cut their target price on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research report on Wednesday, November 13th. Finally, Morgan Stanley boosted 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. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.60.

Insider Buying and Selling at CAVA Group

In other news, Director Ronald M. Shaich sold 622,549 shares of CAVA Group stock in a transaction dated 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 transaction, the director now owns 6,307 shares of the company’s stock, valued at $942,265.80. The trade was a 99.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett Schulman sold 20,564 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the sale, the chief executive officer now directly owns 776,369 shares in the company, valued at $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. Over the last quarter, insiders sold 651,784 shares of company stock valued at $96,522,922. Corporate insiders own 12.10% of the company’s stock.

CAVA Group Price Performance

Shares of CAVA Group stock opened at $104.19 on Tuesday. CAVA Group, Inc. has a 1 year low of $50.37 and a 1 year high of $172.43. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 226.49 and a beta of 3.25. The company has a 50-day moving average of $122.60 and a 200 day moving average of $125.90.

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.