CAVA Group (NYSE:CAVA) CFO Tricia Tolivar Sells 2,204 Shares

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia Tolivar sold 2,204 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $67.41, for a total transaction of $148,571.64. Following the sale, the chief financial officer directly owned 234,338 shares of the company’s stock, valued at approximately $15,796,724.58. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

CAVA Group Stock Performance

CAVA Group stock traded up $0.26 during trading on Friday, reaching $66.35. 2,762,397 shares of the company’s stock were exchanged, compared to its average volume of 3,899,031. CAVA Group, Inc. has a 52-week low of $43.41 and a 52-week high of $144.49. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 57.20, a PEG ratio of 3.44 and a beta of 2.41. The company’s 50-day moving average is $57.71 and its two-hundred day moving average is $65.53.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.12 EPS 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 company had revenue of $292.24 million for the quarter, compared to analyst estimates of $292.88 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. Analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

CAVA has been the topic of a number of analyst reports. UBS Group lifted their target price on CAVA Group from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 6th. Royal Bank Of Canada set a $70.00 price target on shares of CAVA Group in a report on Wednesday, November 5th. Citigroup reissued a “neutral” rating on shares of CAVA Group in a report on Wednesday, November 12th. Johnson Rice set a $72.00 price objective on CAVA Group in a report on Monday, January 5th. Finally, Stifel Nicolaus set a $75.00 target price on shares of CAVA Group in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.57.

Hedge Funds Weigh In On CAVA Group

A number of hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its holdings in shares of CAVA Group by 378.7% during the third quarter. Cornerstone Planning Group LLC now owns 450 shares of the company’s stock worth $27,000 after acquiring an additional 356 shares in the last quarter. Harbor Investment Advisory LLC increased its position in CAVA Group by 347.8% in the 4th 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. Atlantic Union Bankshares Corp acquired a new position in CAVA Group in the 2nd quarter worth about $31,000. Toth Financial Advisory Corp raised its stake in shares of CAVA Group by 656.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 507 shares of the company’s stock worth $31,000 after purchasing an additional 440 shares in the last quarter. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of CAVA Group during the 3rd quarter valued at about $33,000. 73.15% of the stock is owned by institutional investors and hedge funds.

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.