CAVA Group, Inc. (NYSE:CAVA) CEO Sells $365,209.04 in Stock

CAVA Group, Inc. (NYSE:CAVA) CEO Brett Schulman sold 2,936 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $365,209.04. Following the sale, the chief executive officer now owns 773,433 shares of the company’s stock, valued at $96,207,330.87. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Brett Schulman also recently made the following trade(s):

• On Tuesday, January 21st, Brett Schulman sold 20,564 shares of CAVA Group stock. The stock was sold at an average price of $119.18, for a total transaction of $2,450,817.52.

CAVA Group Price Performance

Shares of CAVA traded up $9.31 during trading hours on Wednesday, hitting $135.27. The company’s stock had a trading volume of 3,500,334 shares, compared to its average volume of 2,087,557. The business has a 50 day simple moving average of $125.46 and a two-hundred day simple moving average of $119.33. CAVA Group, Inc. has a 52-week low of $46.56 and a 52-week high of $172.43. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 294.06 and a beta of 3.21.

CAVA Group (NYSE:CAVA) last issued its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $233.05 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The business’s revenue for the quarter was up 38.9% compared to the same quarter last year. Research analysts predict that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after buying an additional 125 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in CAVA Group in the 3rd quarter worth approximately $50,000. Golden State Wealth Management LLC bought a new position in CAVA Group in the 4th quarter valued at $47,000. R Squared Ltd bought a new position in shares of CAVA Group in the fourth quarter worth $49,000. Finally, Burkett Financial Services LLC bought a new stake in CAVA Group during the fourth quarter valued at $56,000. Institutional investors own 73.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CAVA shares. Wedbush boosted their price objective on CAVA Group from $155.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Morgan Stanley increased their price target on CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased their target price on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Barclays cut their price target on shares of CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Loop Capital increased their price objective on shares of CAVA Group from $122.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $142.13.

About CAVA Group

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.