Van ECK Associates Corp Has $139,000 Stock Holdings in CAVA Group, Inc. (NYSE:CAVA)

Van ECK Associates Corp lessened its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 26.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,232 shares of the company’s stock after selling 452 shares during the period. Van ECK Associates Corp’s holdings in CAVA Group were worth $139,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CAVA shares. Loop Capital lifted their price target on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. UBS Group lowered their price objective on shares of CAVA Group from $160.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler upped their price target on shares of CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Wedbush upped their price target on shares of CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, CAVA Group presently has an average rating of “Moderate Buy” and a consensus target price of $140.60.

CAVA Group Trading Down 8.9 %

Shares of CAVA Group stock opened at $108.05 on Monday. The company has a 50 day moving average of $123.05 and a 200-day moving average of $125.76. CAVA Group, Inc. has a 1-year low of $48.55 and a 1-year high of $172.43. The company has a market cap of $12.38 billion, a PE ratio of 234.89 and a beta of 3.25.

Insider Transactions at CAVA Group

In related news, Director Ronald M. Shaich sold 622,549 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were 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. This represents a 99.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Adam David Phillips sold 615 shares of the 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 directly owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 651,784 shares of company stock valued at $96,522,922. Company insiders own 12.10% of the company’s stock.

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.