CAVA Group (NYSE:CAVA) Insider Theodoros Xenohristos Sells 9,044 Shares

CAVA Group, Inc. (NYSE:CAVA) insider Theodoros Xenohristos sold 9,044 shares of CAVA Group stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $79.75, for a total transaction of $721,259.00. Following the sale, the insider directly owned 327,882 shares in the company, valued at $26,148,589.50. This trade represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CAVA Group Trading Down 3.5%

Shares of CAVA Group stock opened at $77.20 on Wednesday. The firm has a market capitalization of $8.99 billion, a PE ratio of 142.96, a price-to-earnings-growth ratio of 5.67 and a beta of 1.90. The firm’s 50 day moving average is $85.18 and its 200 day moving average is $68.78. CAVA Group, Inc. has a 1 year low of $43.41 and a 1 year high of $101.50.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. CAVA Group had a net margin of 5.40% and a return on equity of 8.43%. The company had revenue of $274.99 million for the quarter, compared to analyst estimates of $268.04 million. During the same period in the previous year, the firm posted $0.05 EPS. The firm’s revenue was up 20.9% on a year-over-year basis. As a group, research analysts anticipate that CAVA Group, Inc. will post 0.52 earnings per share for the current year.

Institutional Trading of CAVA Group

Institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its stake in shares of CAVA Group by 378.7% in 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 in the last quarter. Los Angeles Capital Management LLC purchased a new stake in CAVA Group during the fourth quarter valued at about $25,000. Harbor Investment Advisory LLC lifted its holdings in CAVA Group by 347.8% during the fourth 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 last quarter. CNB Bank lifted its holdings in shares of CAVA Group by 275.8% in the third quarter. CNB Bank now owns 575 shares of the company’s stock worth $35,000 after buying an additional 422 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of CAVA Group in the third quarter worth about $36,000. Institutional investors own 73.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CAVA. KeyCorp boosted their target price on shares of CAVA Group from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Sanford C. Bernstein boosted their target price on shares of CAVA Group from $75.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Benchmark boosted their price target on shares of CAVA Group from $80.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, April 20th. BNP Paribas Exane started coverage on shares of CAVA Group in a research note on Monday, March 30th. They set a “neutral” rating and a $91.00 price target for the company. Finally, Argus restated a “hold” rating on shares of CAVA Group in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.07.

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.