Theodoros Xenohristos Sells 851 Shares of CAVA Group, Inc. (NYSE:CAVA) Stock

CAVA Group, Inc. (NYSE:CAVA) insider Theodoros Xenohristos sold 851 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $101,422.18. Following the transaction, the insider now directly owns 358,995 shares in the company, valued at $42,785,024.10. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CAVA Group Stock Performance

Shares of NYSE:CAVA traded up $0.75 during mid-day trading on Thursday, reaching $124.14. 2,206,444 shares of the company’s stock were exchanged, compared to its average volume of 2,118,121. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of 269.87 and a beta of 3.21. The business’s fifty day moving average price is $126.66 and its 200-day moving average price is $118.09. CAVA Group, Inc. has a twelve month low of $44.80 and a twelve month high of $172.43.

CAVA Group (NYSE:CAVA) last announced its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The business had revenue of $243.82 million during the quarter, compared to the consensus estimate of $233.05 million. During the same quarter last year, the firm earned $0.06 earnings per share. CAVA Group’s quarterly revenue was up 38.9% on a year-over-year basis. Analysts predict that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On CAVA Group

Hedge funds have recently bought and sold shares of the company. Conway Capital Management Inc. bought a new position in CAVA Group during the third quarter worth $5,524,000. SpiderRock Advisors LLC raised its stake in CAVA Group by 8.9% during the third quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock worth $59,364,000 after buying an additional 39,319 shares during the last quarter. Xponance Inc. increased its stake in CAVA Group by 95.2% in the second quarter. Xponance Inc. now owns 9,846 shares of the company’s stock valued at $913,000 after purchasing an additional 4,803 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in CAVA Group by 262.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 516,092 shares of the company’s stock valued at $63,918,000 after purchasing an additional 373,835 shares in the last quarter. Finally, PFG Investments LLC increased its stake in CAVA Group by 36.8% in the third quarter. PFG Investments LLC now owns 15,907 shares of the company’s stock valued at $1,970,000 after purchasing an additional 4,275 shares in the last quarter. Institutional investors own 73.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CAVA shares. Citigroup increased their price target on shares of CAVA Group from $140.00 to $163.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Stifel Nicolaus increased their price target on shares of CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Wedbush increased their price target on shares of CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Morgan Stanley raised their target price on shares of CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Finally, Piper Sandler raised their target price on shares of CAVA Group from $100.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $142.13.

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.