CAVA Group (NYSE:CAVA) CFO Tricia Tolivar Sells 2,404 Shares of Stock

CAVA Group, Inc. (NYSE:CAVA) CFO Tricia Tolivar sold 2,404 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $62.14, for a total transaction of $149,384.56. Following the transaction, the chief financial officer directly owned 231,934 shares in the company, valued at approximately $14,412,378.76. This represents a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

CAVA Group Stock Up 0.5%

NYSE CAVA opened at $63.00 on Friday. The company has a 50-day simple moving average of $59.52 and a two-hundred day simple moving average of $64.64. CAVA Group, Inc. has a 12-month low of $43.41 and a 12-month high of $144.49. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 54.31, a PEG ratio of 4.46 and a beta of 2.41.

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

More CAVA Group News

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 Trading of CAVA Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Maryland State Retirement & Pension System lifted its holdings in shares of CAVA Group by 37.5% during the second quarter. Maryland State Retirement & Pension System now owns 4,850 shares of the company’s stock valued at $409,000 after purchasing an additional 1,324 shares in the last quarter. Global Retirement Partners LLC bought a new position in CAVA Group during the 2nd quarter valued at about $463,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of CAVA Group by 271.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 23,659 shares of the company’s stock valued at $1,993,000 after acquiring an additional 17,294 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of CAVA Group by 1,846,775.0% in the second quarter. Hantz Financial Services Inc. now owns 73,875 shares of the company’s stock worth $6,222,000 after acquiring an additional 73,871 shares during the period. Finally, KLP Kapitalforvaltning AS raised its stake in CAVA Group by 5.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 18,800 shares of the company’s stock valued at $1,584,000 after purchasing an additional 900 shares during the period. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial upped their price target on shares of CAVA Group from $66.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Johnson Rice set a $72.00 price objective on shares of CAVA Group in a research report on Monday, January 5th. The Goldman Sachs Group reiterated a “neutral” rating and set a $68.00 target price on shares of CAVA Group in a report on Wednesday, November 5th. Citigroup reissued a “neutral” rating on shares of CAVA Group in a research note on Wednesday, November 12th. Finally, Argus lowered their price target on CAVA Group from $76.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.57.

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.