Tricia Tolivar Sells 2,204 Shares of CAVA Group (NYSE:CAVA) Stock

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia Tolivar sold 2,204 shares of CAVA Group stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $67.41, for a total transaction of $148,571.64. Following the completion of the sale, the chief financial officer directly owned 234,338 shares of the company’s stock, valued at approximately $15,796,724.58. The trade was a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

CAVA Group Stock Performance

Shares of CAVA Group stock traded up $0.26 on Friday, reaching $66.35. The stock had a trading volume of 2,762,397 shares, compared to its average volume of 3,899,031. CAVA Group, Inc. has a fifty-two week low of $43.41 and a fifty-two week high of $144.49. The business’s 50-day moving average price is $57.71 and its two-hundred day moving average price is $65.53. The stock has a market cap of $7.70 billion, a P/E ratio of 57.20, a price-to-earnings-growth ratio of 3.44 and a beta of 2.41.

CAVA Group (NYSE:CAVA) last announced its earnings results on Tuesday, November 4th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $292.24 million for the quarter, compared to the consensus estimate of $292.88 million. CAVA Group had a return on equity of 8.88% and a net margin of 12.14%.The company’s revenue was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted $0.15 EPS. As a group, equities analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen restated a “buy” rating on shares of CAVA Group in a research note on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of CAVA Group in a report on Wednesday. Morgan Stanley reduced their target price on CAVA Group from $86.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday. Telsey Advisory Group initiated coverage on shares of CAVA Group in a research report on Friday, January 9th. They issued an “outperform” rating and a $85.00 price objective for the company. Finally, UBS Group boosted their target price on CAVA Group from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, CAVA Group currently has an average rating of “Moderate Buy” and a consensus price target of $81.57.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CAVA. Atlantic Union Bankshares Corp bought a new stake in CAVA Group in the 2nd quarter valued at $31,000. Cornerstone Planning Group LLC boosted its position in shares of CAVA Group by 378.7% during the third quarter. Cornerstone Planning Group LLC now owns 450 shares of the company’s stock worth $27,000 after buying an additional 356 shares during the period. Fifth Third Bancorp bought a new position in shares of CAVA Group during the second quarter worth about $38,000. Whittier Trust Co. raised its position in CAVA Group by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 457 shares of the company’s stock valued at $38,000 after buying an additional 173 shares during the last quarter. Finally, Toth Financial Advisory Corp lifted its stake in 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 in the last quarter. Institutional investors own 73.15% of the company’s stock.

About CAVA Group

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.