Midwest Trust Co Invests $1.94 Million in CAVA Group, Inc. $CAVA

Midwest Trust Co purchased a new stake in shares of CAVA Group, Inc. (NYSE:CAVA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 32,133 shares of the company’s stock, valued at approximately $1,941,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Global Retirement Partners LLC purchased a new stake in shares of CAVA Group in the 2nd quarter worth about $463,000. Y Intercept Hong Kong Ltd raised its stake in CAVA Group by 271.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 23,659 shares of the company’s stock worth $1,993,000 after buying an additional 17,294 shares in the last quarter. Hantz Financial Services Inc. raised its stake in CAVA Group by 1,846,775.0% in the second quarter. Hantz Financial Services Inc. now owns 73,875 shares of the company’s stock worth $6,222,000 after buying an additional 73,871 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in CAVA Group in the second quarter worth about $57,824,000. Finally, Renaissance Capital LLC grew its holdings in shares of CAVA Group by 42.7% during the 3rd quarter. Renaissance Capital LLC now owns 105,730 shares of the company’s stock worth $6,387,000 after acquiring an additional 31,651 shares during the period. Institutional investors own 73.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Mizuho boosted their target price on shares of CAVA Group from $52.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, January 9th. Telsey Advisory Group began coverage on shares of CAVA Group in a research report on Friday, January 9th. They set an “outperform” rating and a $85.00 price target for the company. Citigroup restated a “neutral” rating on shares of CAVA Group in a report on Wednesday, November 12th. Morgan Stanley decreased their target price on shares of CAVA Group from $86.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CAVA Group in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, CAVA Group currently has an average rating of “Moderate Buy” and a consensus price target of $81.50.

Insider Buying and Selling at CAVA Group

In other CAVA Group news, CFO Tricia K. Tolivar sold 2,404 shares of the company’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 value of $149,384.56. Following the completion of the transaction, the chief financial officer directly owned 231,934 shares in the company, valued at $14,412,378.76. This represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kelly Costanza sold 1,707 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total transaction of $106,072.98. Following the completion of the sale, the insider directly owned 119,139 shares of the company’s stock, valued at approximately $7,403,297.46. This trade represents a 1.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 42,843 shares of company stock worth $2,764,355. Insiders own 6.80% of the company’s stock.

CAVA Group Stock Down 2.2%

NYSE CAVA opened at $67.39 on Thursday. The company has a 50-day moving average price of $62.29 and a 200-day moving average price of $63.02. The firm has a market capitalization of $7.82 billion, a P/E ratio of 58.10, a PEG ratio of 5.06 and a beta of 2.41. CAVA Group, Inc. has a 52 week low of $43.41 and a 52 week high of $134.89.

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.