Insider Selling: CAVA Group (NYSE:CAVA) Insider Sells $61,767.16 in Stock

CAVA Group, Inc. (NYSE:CAVA) insider Kenneth Robert Bertram sold 994 shares of CAVA Group stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $62.14, for a total value of $61,767.16. Following the sale, the insider directly owned 49,122 shares of the company’s stock, valued at approximately $3,052,441.08. This trade represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kenneth Robert Bertram also recently made the following trade(s):

• On Wednesday, January 21st, Kenneth Robert Bertram sold 1,074 shares of CAVA Group stock. The shares were sold at an average price of $67.41, for a total value of $72,398.34.
• On Wednesday, November 26th, Kenneth Robert Bertram sold 3,788 shares of CAVA Group stock. The stock was sold at an average price of $50.70, for a total value of $192,051.60.

CAVA Group Price Performance

Shares of CAVA stock opened at $60.56 on Friday. The stock has a market cap of $7.02 billion, a PE ratio of 52.21, a price-to-earnings-growth ratio of 4.48 and a beta of 2.41. The stock has a 50-day moving average of $59.75 and a 200-day moving average of $64.27. CAVA Group, Inc. has a one year low of $43.41 and a one year high of $144.49.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). CAVA Group had a net margin of 12.14% and a return on equity of 8.88%. The firm had revenue of $292.24 million for the quarter, compared to analyst estimates of $292.88 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, research analysts anticipate that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Key Headlines Impacting CAVA Group

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

• Positive Sentiment: Institutional buying and analyst support — large investors (including Goldman Sachs and UBS asset management) have increased stakes recently and some sell?side firms (Barclays, UBS) have raised or maintained price targets, which provides a counterbalance to short?term selling. CAVA Stock Looking for Direction After Earnings Miss
• Neutral Sentiment: Elevated retail/investor interest — Zacks flags heavier search activity for CAVA, which can increase intraday volume and volatility but doesn’t directly change fundamentals. Investors Heavily Search CAVA Group
• Negative Sentiment: Clustered insider selling — CEO Brett Schulman sold 4,542 shares (~$282k), CFO Tricia Tolivar sold 2,404 shares (~$149k) and several other officers (including Kelly Costanza, Theodoros Xenohristos, Kenneth Bertram and CAO Adam Phillips) sold additional shares on Jan. 27, totaling ~11.5k shares (~$710k). The concentrated timing and size of these officer sales is being read negatively by traders even though insiders retain large holdings. How CEO Stock Sale And Softer Earnings Views At CAVA Group Have Changed Its Investment Story
• Negative Sentiment: Confirmed CAO sale filing — CAO Adam David Phillips sold 774 shares at ~$62.14 per share (Form 4 disclosure). The filings provide exact trade details that market participants use to assess intent. CAVA CAO Adam David Phillips Sells 774 Shares
• Negative Sentiment: Softer near?term earnings/growth view — CAVA missed consensus on its last quarterly EPS and analysts are tempering near?term forecasts (consensus FY EPS remains modest), which amplifies negative reaction to insider sales. CAVA Stock Looking for Direction After Earnings Miss

Institutional Investors Weigh In On CAVA Group

Several institutional investors have recently bought and sold shares of CAVA. Capital International Investors boosted its position in CAVA Group by 105.4% during the 3rd quarter. Capital International Investors now owns 4,228,736 shares of the company’s stock worth $255,451,000 after acquiring an additional 2,169,553 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of CAVA Group in the third quarter worth $114,098,000. Alliancebernstein L.P. boosted its holdings in CAVA Group by 118.3% during the third quarter. Alliancebernstein L.P. now owns 2,953,688 shares of the company’s stock worth $178,432,000 after purchasing an additional 1,600,630 shares during the last quarter. Capital Research Global Investors grew its position in CAVA Group by 28.5% in the third quarter. Capital Research Global Investors now owns 6,634,866 shares of the company’s stock valued at $400,801,000 after purchasing an additional 1,469,758 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its position in CAVA Group by 58.8% in the third quarter. Champlain Investment Partners LLC now owns 2,146,502 shares of the company’s stock valued at $129,670,000 after purchasing an additional 794,547 shares in the last quarter. Institutional investors own 73.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank Of Canada set a $70.00 target price on CAVA Group in a report on Wednesday, November 5th. Piper Sandler cut their price objective on CAVA Group from $100.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Citigroup reiterated a “neutral” rating on shares of CAVA Group in a research report on Wednesday, November 12th. TD Cowen restated a “buy” rating on shares of CAVA Group in a report on Monday, January 5th. Finally, Morgan Stanley cut their price target on shares of CAVA Group from $86.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.57.

CAVA Group Company Profile

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.