Insider Selling: 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 stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $77.14, for a total transaction of $399,662.34. Following the sale, the chief accounting officer owned 9,505 shares of the company’s stock, valued at $733,215.70. This trade represents a 35.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CAVA Group Trading Down 0.0%

CAVA Group stock opened at $80.41 on Monday. The stock has a 50 day moving average of $84.97 and a two-hundred day moving average of $69.85. CAVA Group, Inc. has a twelve month low of $43.41 and a twelve month high of $98.79. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 154.63, a PEG ratio of 5.61 and a beta of 1.90.

CAVA Group (NYSE:CAVA) last released its quarterly earnings results on Tuesday, May 19th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. CAVA Group had a return on equity of 7.92% and a net margin of 4.79%.The business had revenue of $438.27 million during the quarter, compared to analysts’ expectations of $360.89 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. Equities analysts predict that CAVA Group, Inc. will post 0.54 earnings per share for the current year.

Analyst Ratings Changes

CAVA has been the topic of several analyst reports. Robert W. Baird lifted their target price on shares of CAVA Group from $88.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Morgan Stanley increased their price target on shares of CAVA Group from $85.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. raised their price objective on shares of CAVA Group from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Wall Street Zen upgraded CAVA Group from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Citigroup increased their target price on CAVA Group from $75.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.19.

Key CAVA Group News

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

• Positive Sentiment: Argus upgraded CAVA Group from hold to buy, reinforcing the optimistic post-earnings sentiment around the stock. Argus upgrade coverage
• Positive Sentiment: Analyst commentary continued to lean bullish, with Piper Sandler reaffirming a buy rating, Roth MKM reiterating buy, and TD Cowen maintaining a buy call. Piper Sandler coverage
• Positive Sentiment: Recent coverage highlighted strong Q1 results, including 9.7% same-restaurant sales growth and improved operating leverage, which supports the case for continued fundamental momentum. Seeking Alpha article
• Neutral Sentiment: DA Davidson raised its price target to $84 from $80 but kept a neutral rating, suggesting upside potential but also valuation caution. DA Davidson price target update
• Neutral Sentiment: Insider selling was disclosed by CAO Adam David Phillips and insider Kelly Costanza, though Costanza’s sale was tied to tax withholding on vesting equity awards, making the signal less negative than a discretionary sale. SEC filing

Hedge Funds Weigh In On CAVA Group

A number of large investors have recently made changes to their positions in CAVA. Bison Wealth LLC acquired a new stake in shares of CAVA Group in the fourth quarter valued at about $208,000. Goldman Sachs Group Inc. increased its holdings in CAVA Group by 14.3% in the first quarter. Goldman Sachs Group Inc. now owns 606,780 shares of the company’s stock valued at $52,432,000 after buying an additional 75,828 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CAVA Group by 17.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 236,622 shares of the company’s stock valued at $20,447,000 after acquiring an additional 34,860 shares during the period. Brown Advisory Inc. lifted its position in shares of CAVA Group by 9.3% during the 2nd quarter. Brown Advisory Inc. now owns 2,979 shares of the company’s stock valued at $251,000 after acquiring an additional 253 shares during the period. Finally, Cresset Asset Management LLC boosted its stake in shares of CAVA Group by 20.3% during the 2nd quarter. Cresset Asset Management LLC now owns 9,165 shares of the company’s stock worth $772,000 after acquiring an additional 1,549 shares in the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

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.