Xenohristos Theodoros, Chief Concept Officer at Cava Group Inc. (NYSE:CAVA), recently sold shares valued at $101,418, according to a filing with the Securities and Exchange Commission. The sales occurred on January 21, 2025, and involved two separate transactions. The stock sale comes as CAVA trades near $124 per share, having delivered an impressive 160% return over the past year. According to InvestingPro data, the company maintains a GOOD financial health score with a market capitalization of $14.1 billion.
Theodoros sold a total of 851 shares of common stock, with prices ranging from $119.01 to $119.80 per share. These transactions were carried out to cover tax withholding obligations related to the vesting of restricted stock units (RSUs), as mandated by the company’s equity incentive plans. Following these sales, Theodoros holds 358,995 shares, including unvested RSUs. InvestingPro analysis indicates CAVA is currently trading at premium multiples, with 13 additional exclusive insights available to subscribers.
The sales were part of a broader set of transactions executed by a broker on behalf of Cava Group employees, involving multiple trades within the specified price range. For comprehensive insider trading analysis and detailed valuation metrics, access CAVA’s full Pro Research Report, available exclusively on InvestingPro.
In other recent news, CAVA Group Inc . has been making headlines with strong financial results and positive analyst attention. Bernstein SocGen initiated coverage on CAVA Group with a Market Perform rating, noting the company’s impressive growth in same-store sales and successful expansion of its number of stores. However, the firm suggests that the current stock price already reflects high growth expectations, advising potential investors to wait for a market correction for a more favorable risk/reward scenario.
CAVA Group’s third-quarter results surpassed expectations, reporting an 18.1% increase in same-store sales and a 39% surge in revenue to $241.5 million. The adjusted EBITDA for the quarter was also impressive at $33.5 million. William Blair expressed optimism about CAVA’s growth, citing strong momentum and exceptional performance. The firm anticipates CAVA’s adjusted EBITDA to outperform initial guidance by nearly 40% for 2024 and estimates for 2025 and 2026 have been adjusted to 80-90% above initial expectations.
Several analyst firms have adjusted their outlook on CAVA Group. Piper Sandler raised its price target to $142, maintaining a Neutral rating. Loop Capital increased its target to $147, maintaining a Hold rating. Morgan Stanley (NYSE:MS) raised its target to $135, keeping an Equalweight rating. CFRA upgraded their rating from Hold to Buy, with a new price target of $200. TD Cowen also adjusted its price target for CAVA Group, raising it to $150 and maintaining a Buy rating. These recent developments highlight the strong performance and positive outlook for CAVA Group.
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