FTSE 100 today: Index, pound edge higher; StanChart, Revolution Beauty jump
Costanza Kelly, the Chief People Officer at CAVA Group, Inc. (NYSE:CAVA), reported selling shares of the company in a series of transactions on January 27, 2025. The stock has shown remarkable momentum, delivering a 164.4% return over the past year and currently trading at $135.27. The transactions, which were filed with the Securities and Exchange Commission, involved the sale of 1,138 shares of common stock with a total value of $141,559. The shares were sold at prices ranging from $123.47 to $125.12.
These sales were conducted as part of a mandatory "sell to cover" transaction to meet tax withholding obligations related to the vesting of restricted stock units (RSUs). Following these transactions, Kelly now holds 131,381 shares of CAVA Group.
In other recent news, CAVA Group Inc . demonstrated robust financial performance with its third-quarter results outpacing expectations. The company reported a 39% increase in revenue to $241.5 million, alongside an impressive adjusted EBITDA of $33.5 million. This strong performance has prompted several analyst firms to adjust their outlook on CAVA Group. Bernstein SocGen initiated coverage on CAVA with a Market Perform rating, emphasizing the company’s impressive growth in same-store sales over the past three years. However, they suggest that the current stock price already reflects high growth expectations.
Likewise, William Blair expressed optimism about CAVA’s growth trajectory, anticipating the adjusted EBITDA to outperform initial guidance by nearly 40% for 2024. Piper Sandler increased its price target for CAVA to $142, maintaining a Neutral rating, while Loop Capital raised its price target to $147, continuing with a Hold rating. Morgan Stanley (NYSE:MS) also adjusted 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 followed suit, adjusting its price target for CAVA Group to $150 and maintaining a Buy rating.
These recent developments underscore the company’s strong performance and the optimistic outlook among analysts. CAVA Group’s management has 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.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.