CAVA Group (NYSE:CAVA) Insider Kelly Costanza Sells 1,707 Shares

CAVA Group, Inc. (NYSE:CAVA) insider Kelly Costanza sold 1,707 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total transaction of $106,072.98. Following the completion of the sale, the insider directly owned 119,139 shares of the company’s stock, valued at $7,403,297.46. The trade was a 1.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kelly Costanza also recently made the following trade(s):

• On Wednesday, January 21st, Kelly Costanza sold 1,702 shares of CAVA Group stock. The shares were sold at an average price of $67.41, for a total transaction of $114,731.82.

CAVA Group Trading Up 0.5%

CAVA stock traded up $0.30 during trading on Thursday, reaching $63.00. The stock had a trading volume of 2,829,528 shares, compared to its average volume of 3,729,937. CAVA Group, Inc. has a 1-year low of $43.41 and a 1-year high of $144.49. The firm has a fifty day moving average price of $59.13 and a 200 day moving average price of $64.65. The company has a market capitalization of $7.31 billion, a P/E ratio of 54.31, a PEG ratio of 4.46 and a beta of 2.41.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data 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 net margin of 12.14% and a return on equity of 8.88%. The business had revenue of $292.24 million for the quarter, compared to the consensus estimate of $292.88 million. During the same period in the prior year, the company earned $0.15 EPS. CAVA Group’s quarterly revenue was up 19.9% on a year-over-year basis. Sell-side analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

CAVA has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of CAVA Group in a research report on Wednesday, January 21st. Telsey Advisory Group began coverage on shares of CAVA Group in a research report on Friday, January 9th. They issued an “outperform” rating and a $85.00 price target on the stock. Citigroup reaffirmed a “neutral” rating on shares of CAVA Group in a report on Wednesday, November 12th. Johnson Rice set a $72.00 target price on shares of CAVA Group in a report on Monday, January 5th. Finally, Truist Financial upped their price target on CAVA Group from $66.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC boosted its position in CAVA Group by 378.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 450 shares of the company’s stock worth $27,000 after acquiring an additional 356 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of CAVA Group by 347.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 515 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in CAVA Group in the second quarter valued at $31,000. Toth Financial Advisory Corp grew its position in shares of CAVA Group by 656.7% in the 3rd quarter. Toth Financial Advisory Corp now owns 507 shares of the company’s stock valued at $31,000 after acquiring an additional 440 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new position in shares of CAVA Group during the 3rd quarter worth about $33,000. Institutional investors own 73.15% of the company’s stock.

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.