CAVA Group, Inc. (NYSE:CAVA – Get Free Report) Director Theodoros Xenohristos sold 47,239 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $68.29, for a total transaction of $3,225,951.31. Following the completion of the sale, the director now owns 526,521 shares of the company’s stock, valued at $35,956,119.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
CAVA Group Stock Performance
NYSE:CAVA traded up $0.88 during trading hours on Thursday, hitting $70.05. The company’s stock had a trading volume of 1,857,137 shares, compared to its average volume of 2,221,655. CAVA Group, Inc. has a 52-week low of $29.05 and a 52-week high of $71.50. The stock has a fifty day moving average of $55.83 and a 200-day moving average of $42.74.
CAVA Group (NYSE:CAVA – Get Free Report) last issued its earnings results on Monday, February 26th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $175.50 million for the quarter, compared to analyst estimates of $240.03 million. CAVA Group had a return on equity of 4.28% and a net margin of 1.82%. The business’s revenue for the quarter was up 52.6% compared to the same quarter last year. On average, sell-side analysts anticipate that CAVA Group, Inc. will post 0.24 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CAVA Group
Wall Street Analyst Weigh In
Several analysts have issued reports on CAVA shares. Piper Sandler upped their target price on CAVA Group from $46.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. raised their price target on shares of CAVA Group from $50.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Robert W. Baird increased their price objective on CAVA Group from $54.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Morgan Stanley increased their price target on CAVA Group from $49.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Finally, William Blair restated an “outperform” rating on shares of CAVA Group in a report on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.50.
Check Out Our Latest Analysis on CAVA Group
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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