Key Points
- CAVA Group insider Theodoros Xenohristos sold 9,044 shares on May 11 at an average price of $79.75, totaling $721,259. The filing says the sale was made to cover tax withholding obligations tied to vested equity awards.
- After the transaction, Xenohristos still owned 327,882 shares valued at about $26.15 million, and the sale reduced his holdings by 2.68%.
- CAVA shares recently traded at $77.20, with the stock showing a 1-year range of $43.41 to $101.50. Analysts currently maintain a Moderate Buy consensus with an average price target of $90.07.
CAVA Group, Inc. (NYSE:CAVA - Get Free Report) insider Theodoros Xenohristos sold 9,044 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $79.75, for a total transaction of $721,259.00. Following the completion of the sale, the insider directly owned 327,882 shares in the company, valued at approximately $26,148,589.50. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
CAVA Group Price Performance
Shares of CAVA opened at $77.20 on Wednesday. CAVA Group, Inc. has a 1-year low of $43.41 and a 1-year high of $101.50. The company has a market capitalization of $8.99 billion, a P/E ratio of 142.96, a P/E/G ratio of 5.67 and a beta of 1.90. The firm's 50 day simple moving average is $85.18 and its 200 day simple moving average is $68.78.
CAVA Group (NYSE:CAVA - Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. CAVA Group had a net margin of 5.40% and a return on equity of 8.43%. The business had revenue of $274.99 million during the quarter, compared to analyst estimates of $268.04 million. During the same period in the previous year, the business posted $0.05 earnings per share. CAVA Group's revenue for the quarter was up 20.9% on a year-over-year basis. On average, equities analysts anticipate that CAVA Group, Inc. will post 0.52 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in CAVA. Los Angeles Capital Management LLC bought a new position in shares of CAVA Group in the fourth quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its holdings in shares of CAVA Group by 378.7% in the third quarter. Cornerstone Planning Group LLC now owns 450 shares of the company's stock worth $27,000 after purchasing an additional 356 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of CAVA Group by 347.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 515 shares of the company's stock worth $30,000 after purchasing an additional 400 shares during the last quarter. CNB Bank grew its holdings in shares of CAVA Group by 275.8% in the third quarter. CNB Bank now owns 575 shares of the company's stock worth $35,000 after purchasing an additional 422 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in shares of CAVA Group by 118.2% in the fourth quarter. TD Private Client Wealth LLC now owns 600 shares of the company's stock worth $35,000 after purchasing an additional 325 shares during the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on CAVA shares. UBS Group lifted their target price on shares of CAVA Group from $75.00 to $85.00 and gave the company a "neutral" rating in a research report on Tuesday. Benchmark lifted their target price on shares of CAVA Group from $80.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, April 20th. Morgan Stanley lifted their target price on shares of CAVA Group from $83.00 to $85.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their target price on shares of CAVA Group from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday, April 24th. Finally, Northcoast Research upgraded shares of CAVA Group to a "strong sell" rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $90.07.
Get Our Latest Analysis on CAVA
About CAVA Group
(
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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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