CAVA Group, Inc. (NYSE:CAVA – Get Free Report) Director International S.C.A. Artal sold 2,000,000 shares of CAVA Group stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $66.25, for a total transaction of $132,500,000.00. Following the completion of the sale, the director now directly owns 26,507,990 shares of the company’s stock, valued at approximately $1,756,154,337.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
CAVA Group Trading Up 1.4 %
Shares of CAVA stock opened at $69.16 on Thursday. CAVA Group, Inc. has a 52 week low of $29.05 and a 52 week high of $69.66. The company’s fifty day simple moving average is $55.83 and its two-hundred day simple moving average is $42.74.
CAVA Group (NYSE:CAVA – Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.02 EPS 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 analysts’ expectations of $240.03 million. CAVA Group had a net margin of 1.82% and a return on equity of 4.28%. The business’s revenue was up 52.6% on a year-over-year basis. On average, sell-side analysts forecast that CAVA Group, Inc. will post 0.24 EPS for the current fiscal year.
Institutional Trading of CAVA Group
Wall Street Analysts Forecast Growth
CAVA has been the subject of a number of research analyst reports. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a research report on Tuesday, February 27th. Citigroup boosted their price objective on shares of CAVA Group from $49.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Piper Sandler boosted their price objective on shares of CAVA Group from $46.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Wedbush reissued an “outperform” rating and set a $65.00 price objective (up previously from $59.00) on shares of CAVA Group in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CAVA Group from $50.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.50.
Read Our Latest Stock 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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