Key Points
- Insider sale: Kenneth Robert Bertram sold 3,788 CAVA shares on Nov. 26 at an average of $50.70 for about $192,052, trimming his position by 6.9% to 51,143 shares valued at roughly $2.59M.
- Earnings miss: CAVA reported Q results on Nov. 4 with EPS of $0.12 versus $0.13 expected and revenue of $292.24M (slightly below estimates) though revenue was up 19.9% year‑over‑year; analysts forecast ~0.5 EPS for the year.
- Market context: Shares opened at $49.01 with 50‑day/200‑day SMAs of $56.81/$71.33, a market cap of about $5.68B, and a consensus rating of Moderate Buy with an average target of $81.75; institutional investors own ~73.15% of the stock.
CAVA Group, Inc. (NYSE:CAVA - Get Free Report) insider Kenneth Robert Bertram sold 3,788 shares of CAVA Group stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $50.70, for a total transaction of $192,051.60. Following the sale, the insider directly owned 51,143 shares in the company, valued at approximately $2,592,950.10. This trade represents a 6.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CAVA Group Stock Down 1.3%
Shares of NYSE CAVA opened at $49.01 on Friday. The firm has a 50-day simple moving average of $56.81 and a 200-day simple moving average of $71.33. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 42.25, a price-to-earnings-growth ratio of 2.81 and a beta of 2.47. CAVA Group, Inc. has a 52 week low of $43.41 and a 52 week high of $153.34.
CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). CAVA Group had a return on equity of 8.88% and a net margin of 12.14%.The business had revenue of $292.24 million for the quarter, compared to analyst estimates of $292.88 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The business's revenue was up 19.9% compared to the same quarter last year. As a group, equities research analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current year.
Institutional Investors Weigh In On CAVA Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAVA. Bison Wealth LLC purchased a new stake in CAVA Group in the fourth quarter valued at $208,000. Avantax Advisory Services Inc. increased its position in shares of CAVA Group by 46.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,098 shares of the company's stock worth $441,000 after purchasing an additional 1,619 shares during the last quarter. Cetera Investment Advisers increased its position in shares of CAVA Group by 53.8% during the 1st quarter. Cetera Investment Advisers now owns 77,626 shares of the company's stock worth $6,708,000 after purchasing an additional 27,141 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CAVA Group by 3.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,194 shares of the company's stock valued at $1,313,000 after buying an additional 482 shares during the period. Finally, LPL Financial LLC lifted its position in CAVA Group by 26.7% in the first quarter. LPL Financial LLC now owns 183,939 shares of the company's stock valued at $15,894,000 after buying an additional 38,809 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Stifel Nicolaus set a $75.00 target price on CAVA Group in a report on Wednesday, November 5th. UBS Group lowered their price objective on CAVA Group from $75.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, November 3rd. The Goldman Sachs Group restated a "neutral" rating and issued a $68.00 target price on shares of CAVA Group in a report on Wednesday, November 5th. TD Cowen reduced their price target on CAVA Group from $80.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, November 5th. Finally, Sanford C. Bernstein lowered their price target on shares of CAVA Group from $100.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $81.75.
Get Our Latest Stock Analysis on CAVA Group
About CAVA Group
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CAVA Group, Inc owns and operates a chain of restaurants under the CAVA brand in the United States. The company also offers dips, spreads, and dressings through grocery stores. In addition, the company provides online and mobile ordering platforms. Cava Group, Inc was founded in 2006 and is headquartered in Washington, the District of Columbia.
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