CAVA Group (NYSE:CAVA) Insider Theodoros Xenohristos Sells 1,039 Shares

CAVA Group, Inc. (NYSE:CAVA) insider Theodoros Xenohristos sold 1,039 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total value of $64,563.46. Following the completion of the transaction, the insider directly owned 332,205 shares of the company’s stock, valued at $20,643,218.70. This represents a 0.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Theodoros Xenohristos also recently made the following trade(s):

• On Wednesday, January 21st, Theodoros Xenohristos sold 965 shares of CAVA Group stock. The shares were sold at an average price of $67.41, for a total value of $65,050.65.

CAVA Group Stock Up 0.5%

Shares of CAVA stock opened at $63.00 on Friday. The business’s fifty day moving average is $59.52 and its 200 day moving average is $64.64. 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. CAVA Group, Inc. has a twelve month low of $43.41 and a twelve month high of $144.49.

CAVA Group (NYSE:CAVA) last released its 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). The business had revenue of $292.24 million during the quarter, compared to analysts’ expectations of $292.88 million. CAVA Group had a return on equity of 8.88% and a net margin of 12.14%.The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. Equities research analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Trending Headlines about CAVA Group

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

Wall Street Analyst Weigh In

CAVA has been the subject of a number of recent analyst reports. TD Cowen restated a “buy” rating on shares of CAVA Group in a report on Monday, January 5th. Royal Bank Of Canada set a $70.00 price target on CAVA Group in a research note on Wednesday, November 5th. UBS Group increased their price objective on CAVA Group from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. Stifel Nicolaus set a $75.00 price objective on CAVA Group in a report on Wednesday, November 5th. Finally, Citigroup restated a “neutral” rating on shares of CAVA Group in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.57.

Institutional Trading of CAVA Group

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in CAVA Group by 3.5% in the third quarter. Vanguard Group Inc. now owns 9,345,976 shares of the company’s stock worth $564,590,000 after acquiring an additional 313,938 shares during the period. Capital Research Global Investors increased its stake in shares of CAVA Group by 28.5% in the 3rd quarter. Capital Research Global Investors now owns 6,634,866 shares of the company’s stock worth $400,801,000 after purchasing an additional 1,469,758 shares in the last quarter. Capital International Investors raised its holdings in CAVA Group by 105.4% in the 3rd quarter. Capital International Investors now owns 4,228,736 shares of the company’s stock worth $255,451,000 after purchasing an additional 2,169,553 shares during the period. 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 valued at $178,432,000 after purchasing an additional 1,600,630 shares in the last quarter. Finally, State Street Corp grew its holdings in CAVA Group by 5.0% during the second quarter. State Street Corp now owns 2,543,335 shares of the company’s stock valued at $214,225,000 after purchasing an additional 122,163 shares during the period. 73.15% of the stock is currently owned by institutional investors.

About CAVA Group

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.