Crystal Rock Capital Management Buys Shares of 23,275 CAVA Group, Inc. $CAVA

Crystal Rock Capital Management purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) in the third quarter, HoldingsChannel reports. The firm purchased 23,275 shares of the company’s stock, valued at approximately $1,406,000. CAVA Group comprises about 0.8% of Crystal Rock Capital Management’s investment portfolio, making the stock its 27th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new position in shares of CAVA Group during the 2nd quarter worth approximately $31,000. Cornerstone Planning Group LLC boosted its position in shares of CAVA Group by 378.7% during the third quarter. Cornerstone Planning Group LLC now owns 450 shares of the company’s stock worth $27,000 after buying an additional 356 shares during the period. Whittier Trust Co. grew its stake in shares of CAVA Group by 60.9% in the second quarter. Whittier Trust Co. now owns 457 shares of the company’s stock valued at $38,000 after buying an additional 173 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in CAVA Group by 656.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 507 shares of the company’s stock worth $31,000 after acquiring an additional 440 shares in the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in CAVA Group during the second quarter worth about $45,000. 73.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CAVA has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CAVA Group in a research note on Wednesday, January 21st. Truist Financial upped their price objective on CAVA Group from $66.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. UBS Group lifted their target price on CAVA Group from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, January 6th. Sanford C. Bernstein set a $70.00 target price on CAVA Group in a research note on Wednesday, January 7th. Finally, Citigroup restated a “neutral” rating on shares of CAVA Group in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.50.

Insider Buying and Selling at CAVA Group

In other news, CFO Tricia K. Tolivar sold 2,404 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $62.14, for a total transaction of $149,384.56. Following the completion of the sale, the chief financial officer owned 231,934 shares in the company, valued at approximately $14,412,378.76. The trade was a 1.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Adam David Phillips sold 774 shares of the company’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 $48,096.36. Following the completion of the transaction, the chief accounting officer owned 10,435 shares of the company’s stock, valued at approximately $648,430.90. The trade was a 6.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 42,843 shares of company stock worth $2,764,355. 6.80% of the stock is currently owned by corporate insiders.

CAVA Group Price Performance

CAVA Group stock opened at $69.95 on Monday. CAVA Group, Inc. has a 1-year low of $43.41 and a 1-year high of $144.49. The stock has a market cap of $8.11 billion, a PE ratio of 60.30, a P/E/G ratio of 5.14 and a beta of 2.41. The stock’s fifty day moving average is $61.28 and its two-hundred day moving average is $63.22.

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.