CAVA Group Target of Unusually High Options Trading (NYSE:CAVA)

CAVA Group, Inc. (NYSE:CAVA) saw some unusual options trading on Tuesday. Traders bought 21,885 put options on the stock. This is an increase of approximately 106% compared to the typical daily volume of 10,642 put options.

Insider Buying and Selling at CAVA Group

In other news, insider Douglas Thompson purchased 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average cost of $66.52 per share, with a total value of $432,380.00. Following the acquisition, the insider owned 19,371 shares in the company, valued at approximately $1,288,558.92. This trade represents a 50.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.70% of the company’s stock.

Institutional Trading of CAVA Group

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in CAVA Group in the 2nd quarter valued at approximately $757,013,000. Capital Research Global Investors grew its holdings in CAVA Group by 27.2% during the 4th quarter. Capital Research Global Investors now owns 8,440,040 shares of the company’s stock worth $495,344,000 after acquiring an additional 1,805,174 shares during the last quarter. Capital International Investors increased its position in CAVA Group by 15.5% in the 4th quarter. Capital International Investors now owns 4,885,317 shares of the company’s stock valued at $286,718,000 after acquiring an additional 656,581 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of CAVA Group by 28.1% during the fourth quarter. William Blair Investment Management LLC now owns 2,419,247 shares of the company’s stock worth $141,986,000 after purchasing an additional 530,524 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of CAVA Group by 76.9% in the second quarter. Wellington Management Group LLP now owns 1,605,508 shares of the company’s stock worth $126,000,000 after purchasing an additional 697,699 shares during the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CAVA shares. Royal Bank Of Canada raised their price target on shares of CAVA Group from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. DA Davidson cut their target price on CAVA Group from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, August 13th. Stifel Nicolaus boosted their price target on CAVA Group from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Guggenheim cut their price objective on shares of CAVA Group from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, Weiss Ratings cut shares of CAVA Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.44.

CAVA Group News Roundup

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

• Positive Sentiment: Telsey Advisory maintained its Buy rating, signaling continued confidence in CAVA’s long-term growth prospects. Telsey Advisory maintains Buy rating
• Positive Sentiment: One analyst characterized the selloff as a potential buying opportunity, while GuruFocus’ valuation analysis said CAVA may be undervalued after the decline. These views could attract dip buyers. Analyst says buy the dip GuruFocus valuation analysis
• Positive Sentiment: CAVA’s loyalty membership base is reportedly expanding faster than its restaurant count, with traffic initiatives and menu innovation supporting customer engagement. CAVA loyalty growth

CAVA Group Price Performance

Shares of NYSE:CAVA opened at $49.77 on Thursday. CAVA Group has a one year low of $43.41 and a one year high of $98.79. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 90.49, a PEG ratio of 3.88 and a beta of 1.74. The firm has a 50 day simple moving average of $64.83 and a 200 day simple moving average of $76.30.

CAVA Group (NYSE:CAVA) last posted its earnings results on Tuesday, August 11th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. CAVA Group had a net margin of 4.82% and a return on equity of 8.28%. The firm had revenue of $368.44 million for the quarter, compared to analysts’ expectations of $360.09 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue was up 31.3% on a year-over-year basis. As a group, analysts expect that CAVA Group will post 0.55 EPS for the current year.

About CAVA Group

CAVA Group, Inc is a U.S.-based restaurant company that operates the CAVA fast-casual Mediterranean restaurant brand. Its restaurants offer customizable meals, including grain bowls, salads, pitas, dips, spreads and sides made with Mediterranean-inspired ingredients and flavors. Customers can order meals in restaurants, through digital channels and for catering.

The company’s menu is centered on a build-your-own format, allowing guests to select proteins, grains, greens, toppings, sauces and dips.