CAVA Group, Inc. (NYSE:CAVA – Get Free Report) CEO Brett Schulman sold 66,414 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $90.11, for a total value of $5,984,565.54. Following the completion of the sale, the chief executive officer now directly owns 904,094 shares in the company, valued at approximately $81,467,910.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
CAVA Group Trading Up 1.5 %
Shares of CAVA stock opened at $95.39 on Thursday. The stock has a 50 day moving average of $77.58 and a two-hundred day moving average of $60.63. CAVA Group, Inc. has a 12 month low of $29.05 and a 12 month high of $96.93. The company has a market capitalization of $10.88 billion and a P/E ratio of 232.66.
CAVA Group (NYSE:CAVA – Get Free Report) last announced its quarterly earnings data on Tuesday, May 28th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.08. CAVA Group had a return on equity of 5.18% and a net margin of 3.75%. The company had revenue of $259.01 million during the quarter, compared to the consensus estimate of $246.02 million. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. Sell-side analysts predict that CAVA Group, Inc. will post 0.34 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CAVA Group
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on CAVA shares. Stifel Nicolaus lifted their target price on CAVA Group from $66.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, May 24th. TD Cowen lifted their target price on CAVA Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Morgan Stanley lifted their price target on CAVA Group from $68.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Citigroup lifted their price target on CAVA Group from $60.00 to $81.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Finally, JPMorgan Chase & Co. downgraded CAVA Group from an “overweight” rating to a “neutral” rating and set a $77.00 price target on the stock. in a report on Monday, June 3rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.50.
Read Our Latest Stock Analysis on CAVA
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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