Cava group CLO Bertram sells $221,961 in shares

Published 01/10/2025, 21:16
Cava group CLO Bertram sells $221,961 in shares

Kenneth Robert Bertram, Chief Legal Officer & Secretary of Cava Group, Inc. (NYSE:CAVA), sold 3,771 shares of common stock on September 29, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $58.86, with prices ranging from $58.82 to $58.92, resulting in a total transaction value of $221,961.

The sale was to cover tax withholding obligations related to the vesting of restricted stock units. Following the transaction, Bertram directly owns 54,931 shares of Cava Group, Inc., which includes unvested RSUs. These shares represent a stake in the $7 billion market cap company, which maintains strong liquidity with a current ratio of 2.72.

Bertram also indirectly owns 1,500 shares through a spouse and 195 shares through a daughter. For deeper insights into CAVA’s insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.

In other recent news, CAVA Group has been the focus of several analyst reports and industry discussions. Jefferies maintained a Buy rating on CAVA Group, viewing the recent stock pullback as a buying opportunity, despite concerns about same-store sales which they expect to improve through 2026. Meanwhile, CFRA lowered its price target for CAVA Group to $120, citing expectations for slower comparable sales growth in 2025 due to softer consumer spending. Similarly, Bernstein SocGen reduced its price target to $100, pointing to negative same-store sales growth in newly opened locations affecting overall sales. TD Cowen also adjusted its price target to $90, expressing concerns about sales maturation and its impact on achieving growth targets by 2026. Additionally, a Business Insider report criticizing fast-casual chains, including CAVA Group, highlighted declining same-store sales, contributing to a sector-wide stock decline. Despite these challenges, analysts continue to express varying degrees of optimism about CAVA Group’s future performance.

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