CAVA Group (NYSE:CAVA) CFO Tricia Tolivar Sells 4,969 Shares

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia Tolivar sold 4,969 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $89.43, for a total transaction of $444,377.67. Following the completion of the sale, the chief financial officer directly owned 234,931 shares in the company, valued at approximately $21,009,879.33. The trade was a 2.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CAVA Group Stock Up 0.9%

NYSE CAVA opened at $88.09 on Thursday. The stock has a market cap of $10.26 billion, a P/E ratio of 169.41, a PEG ratio of 5.98 and a beta of 1.70. The company’s 50-day simple moving average is $83.99 and its 200 day simple moving average is $73.89. CAVA Group, Inc. has a twelve month low of $43.41 and a twelve month high of $98.79.

CAVA Group (NYSE:CAVA) last posted its earnings results on Tuesday, May 19th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $438.27 million for the quarter, compared to analysts’ expectations of $360.89 million. CAVA Group had a net margin of 4.79% and a return on equity of 7.92%. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Research analysts anticipate that CAVA Group, Inc. will post 0.55 earnings per share for the current year.

Institutional Trading of CAVA Group

Several large investors have recently added to or reduced their stakes in CAVA. Los Angeles Capital Management LLC bought a new stake in CAVA Group during the fourth quarter worth about $25,000. Harbor Investment Advisory LLC grew its stake in CAVA Group by 347.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 515 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the last quarter. TD Private Client Wealth LLC grew its stake in CAVA Group by 118.2% during the fourth quarter. TD Private Client Wealth LLC now owns 600 shares of the company’s stock worth $35,000 after buying an additional 325 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of CAVA Group during the third quarter valued at approximately $36,000. Finally, Allworth Financial LP grew its stake in shares of CAVA Group by 57.4% during the fourth quarter. Allworth Financial LP now owns 650 shares of the company’s stock valued at $38,000 after purchasing an additional 237 shares during the last quarter. 73.15% of the stock is owned by institutional investors.

Trending Headlines about CAVA Group

Here are the key news stories impacting CAVA Group this week:

• Positive Sentiment: Jim Cramer reiterated a bullish view on CAVA, calling it “the best of the new concepts” and recommending it as a buy, which may help support investor confidence. Article: Jim Cramer Calls CAVA ‘Tasty, Clean, Fun,’ Says Make This Biotech ‘Your Speculation’
• Neutral Sentiment: Analysts remain generally constructive, with a consensus “Moderate Buy” rating and an average price target above the current share price, reinforcing the longer-term growth story for CAVA Group. Article: 2 Restaurant Stocks, 2 Earnings Beats, 2 Very Different Setups
• Neutral Sentiment: A separate piece questioned whether CAVA’s expansion plan can sustain its momentum, but it did not report a new operational setback or financial surprise. Article: Can CAVA’s Expansion Plan Sustain Its Momentum?
• Negative Sentiment: Multiple insiders, including CEO Brett Schulman, CFO Tricia K. Tolivar, CAO Adam David Phillips, and executive Theodoros Xenohristos, sold shares near $89.43 to $90.00. While the trades were described as equity-award tax withholding, the broad selling activity may weigh on sentiment. Article: Insider Selling: CAVA Group (NYSE:CAVA) CEO Sells 33,174 Shares of Stock

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CAVA shares. Guggenheim started coverage on shares of CAVA Group in a research note on Thursday, March 26th. They issued a “buy” rating and a $100.00 target price on the stock. Barclays upped their target price on shares of CAVA Group from $70.00 to $74.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 20th. TD Cowen reaffirmed a “buy” rating and set a $100.00 price objective on shares of CAVA Group in a research note on Thursday, June 4th. Roth Mkm reaffirmed a “buy” rating and set a $106.00 price objective on shares of CAVA Group in a research note on Wednesday, May 20th. Finally, Telsey Advisory Group upped their price objective on shares of CAVA Group from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.37.

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.