Tricia Tolivar Sells 4,969 Shares of CAVA Group (NYSE:CAVA) Stock

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia Tolivar sold 4,969 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $89.43, for a total transaction of $444,377.67. Following the sale, the chief financial officer directly owned 234,931 shares in the company, valued at approximately $21,009,879.33. This trade represents a 2.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CAVA Group Stock Up 1.2%

Shares of CAVA Group stock opened at $89.15 on Friday. The stock has a market cap of $10.38 billion, a PE ratio of 171.44, a price-to-earnings-growth ratio of 6.04 and a beta of 1.70. The business has a fifty day simple moving average of $84.11 and a 200-day simple moving average of $74.17. CAVA Group, Inc. has a 12 month low of $43.41 and a 12 month high of $98.79.

CAVA Group (NYSE:CAVA) last posted its quarterly 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 firm 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 quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 earnings per share. Analysts expect that CAVA Group, Inc. will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on CAVA shares. Barclays increased their price target on shares of CAVA Group from $70.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 20th. The Goldman Sachs Group increased their target price on shares of CAVA Group from $75.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. 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 research note on Wednesday, May 20th. Morgan Stanley boosted their price target on shares of CAVA Group from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, May 20th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $100.00 price target on shares of CAVA Group in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $93.37.

Hedge Funds Weigh In On CAVA Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Liontrust Investment Partners LLP bought a new stake in CAVA Group in the third quarter worth $43,189,000. Leibman Financial Services Inc. raised its holdings in CAVA Group by 162.9% during the fourth quarter. Leibman Financial Services Inc. now owns 67,324 shares of the company’s stock valued at $3,951,000 after buying an additional 41,712 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of CAVA Group by 118.3% in 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 last quarter. Envestnet Asset Management Inc. lifted its position in shares of CAVA Group by 57.7% in the third quarter. Envestnet Asset Management Inc. now owns 222,499 shares of the company’s stock worth $13,441,000 after buying an additional 81,393 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of CAVA Group by 20.4% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 103,706 shares of the company’s stock worth $6,265,000 after acquiring an additional 17,600 shares in the last quarter. Institutional investors own 73.15% of the company’s stock.

CAVA Group News Roundup

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

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.