Insider Selling: CAVA Group, Inc. (NYSE:CAVA) Insider Sells 3,062 Shares of Stock

CAVA Group, Inc. (NYSE:CAVA - Get Free Report) insider Theodoros Xenohristos sold 3,062 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $230,139.92. Following the completion of the sale, the insider now directly owns 350,209 shares of the company's stock, valued at approximately $26,321,708.44. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, May 9th, Theodoros Xenohristos sold 9,348 shares of CAVA Group stock. The shares were sold at an average price of $94.88, for a total value of $886,938.24.

CAVA Group Trading Down 0.3%

NYSE:CAVA traded down $0.23 during trading hours on Wednesday, hitting $74.48. The company's stock had a trading volume of 2,974,619 shares, compared to its average volume of 3,113,689. CAVA Group, Inc. has a 52-week low of $70.00 and a 52-week high of $172.43. The stock has a market capitalization of $8.61 billion, a P/E ratio of 62.06, a price-to-earnings-growth ratio of 3.49 and a beta of 2.77. The stock has a fifty day moving average of $87.01 and a 200-day moving average of $102.62.

CAVA Group (NYSE:CAVA - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.14 by $0.08. The company had revenue of $331.83 million for the quarter, compared to analyst estimates of $327.98 million. CAVA Group had a return on equity of 10.61% and a net margin of 13.70%. The firm's revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. On average, sell-side analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

CAVA has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 price target on the stock in a research note on Thursday, March 20th. Loop Capital decreased their target price on shares of CAVA Group from $147.00 to $100.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Barclays dropped their price target on shares of CAVA Group from $104.00 to $90.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. William Blair restated an "outperform" rating on shares of CAVA Group in a report on Wednesday, February 26th. Finally, Robert W. Baird lifted their target price on shares of CAVA Group from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $119.88.

Institutional Trading of CAVA Group

A number of large investors have recently bought and sold shares of CAVA. Principal Securities Inc. increased its stake in CAVA Group by 263.3% in the fourth quarter. Principal Securities Inc. now owns 436 shares of the company's stock valued at $49,000 after purchasing an additional 316 shares during the period. Allworth Financial LP grew its holdings in shares of CAVA Group by 369.2% during the fourth quarter. Allworth Financial LP now owns 244 shares of the company's stock worth $30,000 after buying an additional 192 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in CAVA Group by 36.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 29,897 shares of the company's stock valued at $3,372,000 after acquiring an additional 8,035 shares during the period. Sanctuary Advisors LLC grew its stake in shares of CAVA Group by 19.2% in the 4th quarter. Sanctuary Advisors LLC now owns 22,335 shares of the company's stock valued at $2,519,000 after purchasing an additional 3,597 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of CAVA Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 3,461 shares of the company's stock valued at $390,000 after purchasing an additional 174 shares during the last quarter. Institutional investors and hedge funds own 73.15% of the company's stock.

CAVA Group Company Profile

CAVA Group, Inc owns and operates a chain of restaurants under the CAVA brand in the United States. The company also offers dips, spreads, and dressings through grocery stores. In addition, the company provides online and mobile ordering platforms. Cava Group, Inc was founded in 2006 and is headquartered in Washington, the District of Columbia.

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