CAVA Group (NYSE:CAVA) CEO Brett Schulman Sells 4,542 Shares of Stock

CAVA Group, Inc. (NYSE:CAVA) CEO Brett Schulman sold 4,542 shares of the company’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total transaction of $282,239.88. Following the completion of the transaction, the chief executive officer directly owned 802,783 shares of the company’s stock, valued at $49,884,935.62. This represents a 0.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, January 21st, Brett Schulman sold 21,650 shares of CAVA Group stock. The shares were sold at an average price of $67.41, for a total value of $1,459,426.50.

CAVA Group Stock Up 0.5%

NYSE CAVA opened at $63.00 on Friday. CAVA Group, Inc. has a twelve month low of $43.41 and a twelve month high of $144.49. The business has a 50-day moving average price of $59.52 and a 200-day moving average price of $64.64. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 54.31, a price-to-earnings-growth ratio of 4.46 and a beta of 2.41.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $292.88 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. Research analysts expect that CAVA Group, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Cowen reiterated a “buy” rating on shares of CAVA Group in a research note on Monday, January 5th. 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, January 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $68.00 price target on shares of CAVA Group in a research note on Wednesday, November 5th. UBS Group raised their price target on CAVA Group from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Tuesday, January 6th. Finally, Stifel Nicolaus set a $75.00 price objective on CAVA Group in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.57.

CAVA Group News Summary

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

• Neutral Sentiment: Zacks reports increased investor searches and interest in CAVA, which can raise short-term volume and volatility but does not by itself change fundamentals. Investors Heavily Search CAVA Group, Inc. (CAVA)
• Negative Sentiment: CEO Brett Schulman sold 4,542 shares for ~$282,240 (avg $62.14). The sale is a small -0.56% change in his holdings but is the largest single insider sale reported and may be viewed negatively by traders watching insider activity. Form 4 — Brett Schulman
• Negative Sentiment: CFO Tricia K. Tolivar sold 2,404 shares for ~$149,385 (avg $62.14), a ~1.03% reduction in her stake — another high-profile officer sale that can add short-term downside pressure. Form 4 — Tricia K. Tolivar
• Negative Sentiment: Other officer/director sales (Kelly Costanza 1,707 sh; Theodoros Xenohristos 1,039 sh; Kenneth Bertram 994 sh; CAO Adam Phillips 774 sh) totaled ~11.5k shares and ~$710k combined — a cluster of contemporaneous sales that can be interpreted as management liquidity-taking. Each filing is linked below for detail. Form 4 — Kelly Costanza Form 4 — Kenneth Bertram Form 4 — Adam Phillips Form 4 — Theodoros Xenohristos

Institutional Investors Weigh In On CAVA Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadcap Wealth Management LLC boosted its holdings in shares of CAVA Group by 1.4% in the 2nd quarter. Quadcap Wealth Management LLC now owns 8,966 shares of the company’s stock worth $755,000 after purchasing an additional 124 shares during the period. McDonough Capital Management Inc boosted its stake in CAVA Group by 4.7% during the second quarter. McDonough Capital Management Inc now owns 2,910 shares of the company’s stock worth $245,000 after buying an additional 131 shares during the period. Tsfg LLC increased its position in CAVA Group by 19.1% during the second quarter. Tsfg LLC now owns 937 shares of the company’s stock valued at $79,000 after acquiring an additional 150 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its position in CAVA Group by 5.6% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 2,810 shares of the company’s stock valued at $237,000 after acquiring an additional 150 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of CAVA Group by 0.4% in the second quarter. D.A. Davidson & CO. now owns 34,342 shares of the company’s stock valued at $2,893,000 after acquiring an additional 153 shares during the period. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

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.