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Xenohristos Theodoros, the Chief Concept Officer of CAVA Group, Inc. (NYSE:CAVA), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Theodoros sold a total of 585 shares of common stock on January 27, 2025. The shares were sold at prices ranging from $123.47 to $125.12 per share, amounting to a total transaction value of $72,769. The transaction comes as CAVA’s stock has shown remarkable strength, delivering a 164% return over the past year, with the current stock price at $135.27.
These transactions were part of mandatory sell-to-cover arrangements to satisfy tax withholding obligations related to the vesting of restricted stock units. Following these sales, Theodoros holds 358,410 shares of CAVA Group. According to InvestingPro analysis, CAVA appears to be trading above its Fair Value, with multiple ProTips indicating high valuation multiples. Investors can access comprehensive valuation metrics and 15 additional ProTips through the detailed Pro Research Report, available exclusively to subscribers.
In other recent news, CAVA Group Inc . has been garnering attention with its robust financial results and positive analyst outlook. The company’s third-quarter results exceeded 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.
Analyst firms have been adjusting their outlook on CAVA Group. Bernstein SocGen initiated coverage on CAVA stock with a Market Perform rating, emphasizing the company’s impressive growth, but cautioning that the stock’s current market value already reflects high growth expectations. William Blair expressed optimism, citing strong momentum and projecting CAVA’s adjusted EBITDA to outperform initial guidance by nearly 40% for 2024.
Piper Sandler raised its price target to $142, maintaining a Neutral rating, while 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 developments come as CAVA Group’s management provided guidance for the upcoming year, anticipating a minimum net unit growth of 17% for 2025 and expecting restaurant-level margins to remain in line with the levels projected for 2024. These developments highlight the company’s strong performance and the positive outlook shared by various analyst firms.
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