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

CAVA Group, Inc. (NYSE:CAVA) insider Theodoros Xenohristos sold 3,252 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $89.43, for a total value of $290,826.36. Following the completion of the sale, the insider directly owned 324,630 shares in the company, valued at $29,031,660.90. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing 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 value of $721,259.00.

CAVA Group Stock Performance

CAVA Group stock opened at $88.09 on Thursday. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 169.41, a price-to-earnings-growth ratio of 5.98 and a beta of 1.70. CAVA Group, Inc. has a fifty-two week low of $43.41 and a fifty-two week high of $98.79. The stock’s fifty day moving average is $83.99 and its two-hundred day moving average is $73.89.

CAVA Group (NYSE:CAVA) last posted its earnings results on Tuesday, May 19th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. The company had revenue of $438.27 million for the quarter, compared to analyst estimates of $360.89 million. CAVA Group had a return on equity of 7.92% and a net margin of 4.79%.CAVA Group’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. As a group, sell-side analysts forecast that CAVA Group, Inc. will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On CAVA Group

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in CAVA Group by 3.5% during the third quarter. Vanguard Group Inc. now owns 9,345,976 shares of the company’s stock worth $564,590,000 after buying an additional 313,938 shares during the period. Capital Research Global Investors lifted its position in CAVA Group by 27.2% during the fourth quarter. Capital Research Global Investors now owns 8,440,040 shares of the company’s stock worth $495,344,000 after buying an additional 1,805,174 shares during the period. Capital International Investors lifted its position in CAVA Group by 15.5% during the fourth quarter. Capital International Investors now owns 4,885,317 shares of the company’s stock worth $286,718,000 after buying an additional 656,581 shares during the period. Morgan Stanley lifted its position in CAVA Group by 33.7% during the fourth quarter. Morgan Stanley now owns 3,318,894 shares of the company’s stock worth $194,786,000 after buying an additional 835,628 shares during the period. Finally, Alliancebernstein L.P. lifted its position in CAVA Group by 118.3% during the third quarter. Alliancebernstein L.P. now owns 2,953,688 shares of the company’s stock worth $178,432,000 after buying an additional 1,600,630 shares during the period. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CAVA shares. Royal Bank Of Canada upped their price objective on CAVA Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Barclays upped their price objective on CAVA Group from $70.00 to $74.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 20th. Mizuho upped their price objective on CAVA Group from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Robert W. Baird upped their price objective on CAVA Group from $88.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Finally, Truist Financial upped their price objective on CAVA Group from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.37.

Key Headlines Impacting CAVA Group

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 help support investor confidence. Article: Jim Cramer Calls CAVA ‘Tasty, Clean, Fun,’ Says Make This Biotech ‘Your Speculation’
• Neutral Sentiment: Analysts remain generally constructive, with a consensus “Moderate Buy” rating and an average price target above the current share price, reinforcing the longer-term growth story for CAVA Group. Article: 2 Restaurant Stocks, 2 Earnings Beats, 2 Very Different Setups
• Neutral Sentiment: A separate piece questioned whether CAVA’s expansion plan can sustain its momentum, but it did not report a new operational setback or financial surprise. Article: Can CAVA’s Expansion Plan Sustain Its Momentum?
• Negative Sentiment: Multiple insiders, including CEO Brett Schulman, CFO Tricia K. Tolivar, CAO Adam David Phillips, and executive Theodoros Xenohristos, sold shares near $89.43 to $90.00. While the trades were described as equity-award tax withholding, the broad selling activity may weigh on sentiment. Article: Insider Selling: CAVA Group (NYSE:CAVA) CEO Sells 33,174 Shares of Stock

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.