CAVA Group (NYSE:CAVA) CAO Sells $399,662.34 in Stock

CAVA Group, Inc. (NYSE:CAVA) CAO Adam David Phillips sold 5,181 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $77.14, for a total transaction of $399,662.34. Following the completion of the transaction, the chief accounting officer owned 9,505 shares in the company, valued at approximately $733,215.70. This trade represents a 35.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

CAVA Group Stock Performance

CAVA Group stock traded down $0.86 during mid-day trading on Friday, hitting $80.41. 2,124,849 shares of the company traded hands, compared to its average volume of 3,456,897. CAVA Group, Inc. has a one year low of $43.41 and a one year high of $98.79. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 154.63, a price-to-earnings-growth ratio of 5.57 and a beta of 1.90. The stock has a fifty day moving average price of $84.98 and a 200-day moving average price of $69.65.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings results on Tuesday, May 19th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $438.27 million for the quarter, compared to analyst estimates of $360.89 million. CAVA Group had a net margin of 4.79% and a return on equity of 7.92%. The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. Sell-side analysts predict that CAVA Group, Inc. will post 0.53 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Argus set a $92.00 price target on CAVA Group in a research report on Friday. UBS Group upped their price objective on CAVA Group from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Wolfe Research initiated coverage on CAVA Group in a report on Monday, March 9th. They set an “outperform” rating and a $93.00 price objective on the stock. Royal Bank Of Canada boosted their target price on CAVA Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Mizuho increased their price target on shares of CAVA Group from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.19.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC bought a new stake in shares of CAVA Group in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC grew its position in CAVA Group by 378.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 450 shares of the company’s stock worth $27,000 after acquiring an additional 356 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in CAVA Group by 347.8% in the 4th 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 period. CNB Bank lifted its position in CAVA Group by 275.8% in the third quarter. CNB Bank now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 422 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its position in CAVA Group by 118.2% in the fourth quarter. TD Private Client Wealth LLC now owns 600 shares of the company’s stock valued at $35,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Key Stories Impacting CAVA Group

Here are the key news stories impacting CAVA Group this week:

• Positive Sentiment: Argus upgraded CAVA Group from hold to buy, adding to the constructive analyst sentiment around the stock. Benzinga
• Positive Sentiment: Several firms reiterated or initiated bullish views, including Piper Sandler, Roth MKM, and TD Cowen, while DA Davidson raised its price target to $84, suggesting continued confidence in CAVA’s growth outlook. Article
• Positive Sentiment: Recent coverage highlighted strong Q1 performance, including revenue growth, traffic gains, and same-store sales momentum, along with raised guidance after earnings. Article
• Positive Sentiment: Commentary noted that CAVA posted solid operating leverage, with operating income and restaurant-level margins improving, reinforcing the company’s growth story. Article
• Neutral Sentiment: Some analysis praised the strong quarter but argued the stock’s valuation remains stretched at roughly 150x earnings, which may be tempering enthusiasm even after the earnings beat. Article

About CAVA Group

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.