Theodoros Xenohristos Sells 3,252 Shares of CAVA Group (NYSE:CAVA) Stock

CAVA Group, Inc. (NYSE:CAVA) insider Theodoros Xenohristos sold 3,252 shares of CAVA Group stock in a transaction on Monday, June 15th. The shares were sold at an average price of $89.43, for a total transaction of $290,826.36. Following the completion of the sale, the insider directly owned 324,630 shares of the company’s stock, valued at approximately $29,031,660.90. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, May 11th, Theodoros Xenohristos sold 9,044 shares of CAVA Group stock. The shares were sold at an average price of $79.75, for a total transaction of $721,259.00.

CAVA Group Trading Up 1.2%

CAVA opened at $89.15 on Friday. The company’s fifty day moving average price is $84.11 and its two-hundred day moving average price is $74.17. CAVA Group, Inc. has a 1-year low of $43.41 and a 1-year high of $98.79. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 171.44, a PEG ratio of 6.04 and a beta of 1.70.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, May 19th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $438.27 million during the quarter, compared to analysts’ expectations 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 was up 32.1% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. As a group, equities analysts forecast that CAVA Group, Inc. will post 0.55 earnings per share for the current fiscal year.

CAVA Group News Summary

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

• Positive Sentiment: Jim Cramer reiterated a bullish view on CAVA, calling it “the best of the new concepts” and recommending it as a buy, which may be boosting investor sentiment. Article: Jim Cramer Calls CAVA ‘Tasty, Clean, Fun,’ Says Make This Biotech ‘Your Speculation’
• Positive Sentiment: The company’s latest earnings beat continues to support the stock, with CAVA posting $0.20 EPS versus $0.17 expected and revenue of $438.27 million versus $360.89 million expected. Article: Cava (CAVA) Up 9.3% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: Analysts remain generally constructive, with a “Moderate Buy” consensus and an average price target above the current share price, reinforcing the longer-term growth narrative. Article: 2 Restaurant Stocks, 2 Earnings Beats, 2 Very Different Setups
• Negative Sentiment: Several insiders, including CEO Brett Schulman, CFO Tricia K. Tolivar, CAO Adam David Phillips, and executive Theodoros Xenohristos, sold shares near recent highs. The sales were tied to tax withholding on equity awards, but the broad insider selling could weigh on sentiment. Article: Insider Selling: CAVA Group (NYSE:CAVA) CEO Sells 33,174 Shares of Stock

Wall Street Analysts Forecast Growth

A number of analysts have commented on CAVA shares. Mizuho boosted their price objective on CAVA Group from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Stifel Nicolaus raised their target price on CAVA Group from $90.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Wall Street Zen raised CAVA Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 24th. Robert W. Baird upped their price target on CAVA Group from $88.00 to $98.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Finally, Northcoast Research raised CAVA Group to a “strong sell” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, CAVA Group currently has a consensus rating of “Moderate Buy” and an average price target of $93.37.

Hedge Funds Weigh In On CAVA Group

Several institutional investors have recently modified their holdings of CAVA. Los Angeles Capital Management LLC bought a new stake in CAVA Group during the fourth quarter worth $25,000. Harbor Investment Advisory LLC grew 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 valued at $30,000 after purchasing an additional 400 shares during the period. TD Private Client Wealth LLC increased its position in shares of CAVA Group by 118.2% during the 4th 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. Strategic Investment Solutions Inc. IL purchased a new stake in shares of CAVA Group during the 3rd quarter valued at $36,000. Finally, Allworth Financial LP boosted its holdings in shares of CAVA Group by 57.4% in the 4th quarter. Allworth Financial LP now owns 650 shares of the company’s stock worth $38,000 after buying an additional 237 shares during the last quarter. 73.15% of the stock is owned by institutional investors.

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.