CAVA Group, Inc. (NYSE:CAVA – Get Free Report) Director Theodoros Xenohristos sold 90,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $91.01, for a total transaction of $8,190,900.00. Following the completion of the sale, the director now directly owns 424,846 shares in the company, valued at approximately $38,665,234.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CAVA Group Stock Performance
Shares of CAVA Group stock opened at $91.78 on Thursday. CAVA Group, Inc. has a 52-week low of $29.05 and a 52-week high of $97.64. The stock has a market capitalization of $10.47 billion and a price-to-earnings ratio of 223.86. The company has a fifty day moving average of $80.46 and a 200-day moving average of $62.64.
CAVA Group (NYSE:CAVA – Get Free Report) last announced its quarterly earnings data on Tuesday, May 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.08. CAVA Group had a net margin of 3.75% and a return on equity of 5.18%. The company had revenue of $259.01 million during the quarter, compared to analysts’ expectations of $246.02 million. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. On average, equities research analysts forecast that CAVA Group, Inc. will post 0.34 earnings per share for the current fiscal year.
Analyst Ratings Changes
View Our Latest Stock Report on CAVA
Institutional Investors Weigh In On CAVA Group
A number of institutional investors have recently made changes to their positions in CAVA. CWM LLC boosted its position in CAVA Group by 101.2% during the 1st quarter. CWM LLC now owns 505 shares of the company’s stock valued at $35,000 after buying an additional 254 shares during the period. Montag A & Associates Inc. purchased a new stake in CAVA Group during the 4th quarter valued at $26,000. American International Group Inc. boosted its position in CAVA Group by 194.2% during the 1st quarter. American International Group Inc. now owns 709 shares of the company’s stock valued at $50,000 after buying an additional 468 shares during the period. PNC Financial Services Group Inc. boosted its position in CAVA Group by 190.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 870 shares of the company’s stock valued at $27,000 after buying an additional 570 shares during the period. Finally, PSI Advisors LLC boosted its position in CAVA Group by 1,133.3% during the 1st quarter. PSI Advisors LLC now owns 925 shares of the company’s stock valued at $65,000 after buying an additional 850 shares during the period. Hedge funds and other institutional investors own 73.15% of the company’s stock.
CAVA Group Company Profile
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.
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