CAVA Group, Inc. (NYSE:CAVA - Get Free Report) CAO Adam David Phillips sold 774 shares of CAVA Group stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $62.14, for a total value of $48,096.36. Following the transaction, the chief accounting officer owned 10,435 shares in the company, valued at $648,430.90. This trade represents a 6.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
CAVA Group Stock Performance
NYSE CAVA opened at $63.00 on Friday. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 54.31, a PEG ratio of 4.46 and a beta of 2.41. The business has a 50 day simple moving average of $59.52 and a 200 day simple moving average of $64.64. CAVA Group, Inc. has a 52-week low of $43.41 and a 52-week high of $144.49.
CAVA Group (NYSE:CAVA - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). CAVA Group had a net margin of 12.14% and a return on equity of 8.88%. The company had revenue of $292.24 million during the quarter, compared to analyst estimates of $292.88 million. During the same quarter last year, the company earned $0.15 EPS. The firm's quarterly revenue was up 19.9% compared to the same quarter last year. On average, analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current year.
Institutional Investors Weigh In On CAVA Group
Large investors have recently made changes to their positions in the stock. Bison Wealth LLC bought a new position in shares of CAVA Group in the fourth quarter valued at $208,000. Goldman Sachs Group Inc. lifted its stake 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 acquiring an additional 75,828 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of CAVA Group by 17.3% in 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. Farther Finance Advisors LLC increased its stake in shares of CAVA Group by 44.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,141 shares of the company's stock worth $265,000 after purchasing an additional 970 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of CAVA Group in the 2nd quarter valued at about $244,000. Institutional investors and hedge funds own 73.15% of the company's stock.
Wall Street Analysts Forecast Growth
CAVA has been the topic of a number of research reports. UBS Group boosted their price target on CAVA Group from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Tuesday, January 6th. Royal Bank Of Canada set a $70.00 target price on CAVA Group in a research report on Wednesday, November 5th. Piper Sandler reduced their price target on CAVA Group from $100.00 to $71.00 and set an "overweight" rating for the company in a research report on Wednesday, November 5th. Barclays raised their price target on shares of CAVA Group from $52.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 7th. Finally, KeyCorp reduced their target price on shares of CAVA Group from $85.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.57.
View Our Latest Report on CAVA
More CAVA Group News
Here are the key news stories impacting CAVA Group this week:
- Neutral Sentiment: Zacks reports increased investor searches and interest in CAVA, which can raise short-term volume and volatility but does not by itself change fundamentals. Investors Heavily Search CAVA Group, Inc. (CAVA)
- Negative Sentiment: CEO Brett Schulman sold 4,542 shares for ~$282,240 (avg $62.14). The sale is a small -0.56% change in his holdings but is the largest single insider sale reported and may be viewed negatively by traders watching insider activity. Form 4 — Brett Schulman
- Negative Sentiment: CFO Tricia K. Tolivar sold 2,404 shares for ~$149,385 (avg $62.14), a ~1.03% reduction in her stake — another high-profile officer sale that can add short-term downside pressure. Form 4 — Tricia K. Tolivar
- Negative Sentiment: Other officer/director sales (Kelly Costanza 1,707 sh; Theodoros Xenohristos 1,039 sh; Kenneth Bertram 994 sh; CAO Adam Phillips 774 sh) totaled ~11.5k shares and ~$710k combined — a cluster of contemporaneous sales that can be interpreted as management liquidity-taking. Each filing is linked below for detail. Form 4 — Kelly Costanza Form 4 — Kenneth Bertram Form 4 — Adam Phillips Form 4 — Theodoros Xenohristos
CAVA Group Company Profile
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Get Free Report)
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.
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