Theodoros Xenohristos Sells 1,039 Shares of CAVA Group (NYSE:CAVA) Stock

CAVA Group, Inc. (NYSE:CAVA) insider Theodoros Xenohristos sold 1,039 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total value of $64,563.46. Following the transaction, the insider directly owned 332,205 shares in the company, valued at approximately $20,643,218.70. The trade was a 0.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 21st, Theodoros Xenohristos sold 965 shares of CAVA Group stock. The shares were sold at an average price of $67.41, for a total value of $65,050.65.

CAVA Group Stock Performance

Shares of CAVA traded up $0.30 during mid-day trading on Thursday, hitting $63.00. 2,829,528 shares of the company’s stock were exchanged, compared to its average volume of 3,729,937. The stock’s 50-day moving average is $59.13 and its 200-day moving average is $64.65. CAVA Group, Inc. has a fifty-two week low of $43.41 and a fifty-two week high of $144.49. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 54.31, a P/E/G ratio of 4.46 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 for the quarter, missing the consensus estimate of $0.13 by ($0.01). CAVA Group had a return on equity of 8.88% and a net margin of 12.14%.The business had revenue of $292.24 million for the quarter, compared to analysts’ expectations of $292.88 million. During the same period in the previous year, the company earned $0.15 earnings per share. CAVA Group’s quarterly revenue was up 19.9% on a year-over-year basis. As a group, equities research analysts anticipate that CAVA Group, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CAVA shares. Johnson Rice set a $72.00 price objective on CAVA Group in a research note on Monday, January 5th. Mizuho lifted their price target on shares of CAVA Group from $52.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Argus lowered their price target on shares of CAVA Group from $76.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Morgan Stanley reduced their price objective on shares of CAVA Group from $86.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $68.00 price objective on shares of CAVA Group in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.57.

Hedge Funds Weigh In On CAVA Group

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in CAVA Group by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 9,345,976 shares of the company’s stock worth $564,590,000 after purchasing an additional 313,938 shares during the period. Capital Research Global Investors lifted its stake in shares of CAVA Group by 28.5% in the 3rd quarter. Capital Research Global Investors now owns 6,634,866 shares of the company’s stock worth $400,801,000 after acquiring an additional 1,469,758 shares during the period. Capital International Investors boosted its holdings in shares of CAVA Group by 105.4% in the third quarter. Capital International Investors now owns 4,228,736 shares of the company’s stock valued at $255,451,000 after acquiring an additional 2,169,553 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of CAVA Group by 118.3% in the third quarter. Alliancebernstein L.P. now owns 2,953,688 shares of the company’s stock valued at $178,432,000 after acquiring an additional 1,600,630 shares in the last quarter. Finally, State Street Corp increased its stake in shares of CAVA Group by 5.0% during the second quarter. State Street Corp now owns 2,543,335 shares of the company’s stock worth $214,225,000 after acquiring an additional 122,163 shares during the period. 73.15% of the stock is owned by institutional investors and hedge funds.

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.