Traders Purchase Large Volume of CAVA Group Call Options (NYSE:CAVA)

CAVA Group, Inc. (NYSE:CAVA) was the recipient of some unusual options trading activity on Monday. Investors acquired 36,520 call options on the stock. This is an increase of approximately 55% compared to the typical daily volume of 23,563 call options.

Analyst Ratings Changes

A number of research firms recently commented on CAVA. Barclays dropped their price objective on CAVA Group from $104.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Bank of America lifted their price target on CAVA Group from $112.00 to $121.00 and gave the company a “buy” rating in a report on Monday, May 19th. UBS Group lowered their price target on CAVA Group from $125.00 to $112.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Robert W. Baird lifted their price target on CAVA Group from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. lowered their price target on CAVA Group from $115.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, June 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, CAVA Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.94.

CAVA Group Price Performance

NYSE CAVA opened at $82.48 on Wednesday. CAVA Group has a one year low of $70.00 and a one year high of $172.43. The business has a 50 day simple moving average of $85.05 and a 200 day simple moving average of $98.47. The stock has a market capitalization of $9.54 billion, a P/E ratio of 68.73, a P/E/G ratio of 3.95 and a beta of 2.66.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. CAVA Group had a net margin of 13.70% and a return on equity of 10.61%. The business had revenue of $331.83 million during the quarter, compared to analyst estimates of $327.98 million. During the same quarter in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. Equities analysts expect that CAVA Group will post 0.5 earnings per share for the current year.

Insider Activity

In other news, insider Kelly Costanza sold 10,243 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $86.63, for a total transaction of $887,351.09. Following the completion of the transaction, the insider directly owned 125,347 shares of the company’s stock, valued at approximately $10,858,810.61. The trade was a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Theodoros Xenohristos sold 9,348 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.88, for a total transaction of $886,938.24. Following the completion of the transaction, the insider owned 353,271 shares in the company, valued at $33,518,352.48. This represents a 2.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,951 shares of company stock worth $5,409,027. Insiders own 12.10% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Large investors have recently modified their holdings of the business. Larson Financial Group LLC raised its holdings in shares of CAVA Group by 274.0% in the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. Whittier Trust Co. lifted its position in CAVA Group by 80.9% during the fourth quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after acquiring an additional 127 shares during the last quarter. First Horizon Advisors Inc. lifted its position in CAVA Group by 1,400.0% during the first quarter. First Horizon Advisors Inc. now owns 285 shares of the company’s stock valued at $25,000 after acquiring an additional 266 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in CAVA Group during the first quarter valued at approximately $26,000. Finally, Dagco Inc. purchased a new stake in CAVA Group during the first quarter valued at approximately $27,000. 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.