CAVA Group (NYSE:CAVA) Insider Sells $64,563.46 in Stock

CAVA Group, Inc. (NYSE:CAVA) insider Theodoros Xenohristos sold 1,039 shares of CAVA Group 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 $64,563.46. Following the completion of the sale, the insider owned 332,205 shares in the company, valued at approximately $20,643,218.70. This trade represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Theodoros Xenohristos also recently made the following trade(s):

• On Wednesday, January 21st, Theodoros Xenohristos sold 965 shares of CAVA Group stock. The stock was sold at an average price of $67.41, for a total value of $65,050.65.

CAVA Group Price Performance

Shares of NYSE CAVA traded up $0.30 during trading on Thursday, hitting $63.00. 2,829,528 shares of the company were exchanged, compared to its average volume of 3,729,937. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 54.31, a PEG ratio of 4.46 and a beta of 2.41. CAVA Group, Inc. has a 1 year low of $43.41 and a 1 year high of $144.49. The firm’s fifty day moving average price is $59.13 and its 200 day moving average price is $64.65.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $292.24 million during the quarter, compared to analyst estimates of $292.88 million. CAVA Group had a net margin of 12.14% and a return on equity of 8.88%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. On average, research analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on CAVA. Citigroup reiterated a “neutral” rating on shares of CAVA Group in a research report on Wednesday, November 12th. UBS Group lifted their price target on CAVA Group from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 6th. Morgan Stanley lowered their price objective on shares of CAVA Group from $86.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Mizuho lifted their target price on shares of CAVA Group from $52.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Finally, Truist Financial increased their price target on shares of CAVA Group from $66.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.57.

Institutional Trading of CAVA Group

A number of hedge funds have recently added to or reduced their stakes in CAVA. Cornerstone Planning Group LLC increased its stake in shares of CAVA Group by 378.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 450 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the last quarter. Harbor Investment Advisory LLC increased its position in CAVA Group by 347.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 515 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in CAVA Group during the second quarter worth approximately $31,000. Toth Financial Advisory Corp raised its stake in CAVA Group by 656.7% during the third quarter. Toth Financial Advisory Corp now owns 507 shares of the company’s stock worth $31,000 after purchasing an additional 440 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new position in shares of CAVA Group in the 3rd quarter valued at $33,000. 73.15% of the stock is owned by institutional investors and hedge funds.

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.