In a recent transaction, Tricia K. Tolivar, the Chief Financial Officer of CAVA Group, Inc. (NYSE:CAVA), sold shares of the company’s common stock valued at approximately $248,600. The sale, which occurred on January 21, involved a total of 2,086 shares sold at prices ranging from $119.01 to $119.80 per share. The transaction comes as CAVA’s stock has shown remarkable strength, delivering a 160% return over the past year. According to InvestingPro analysis, the company currently maintains a GOOD financial health score.
These transactions were not discretionary trades by Tolivar but were mandated to cover tax withholding obligations related to the vesting of restricted stock units (RSUs). Following the sale, Tolivar retains direct ownership of 235,592 shares of CAVA Group common stock. Additionally, there is an indirect holding of 2,500 shares owned by her spouse.
The sales were part of a broader set of transactions involving multiple employees of CAVA Group, with proceeds distributed on a pro rata basis.
In other recent news, CAVA Group Inc . has been the focus of multiple analyst firms following its robust third-quarter earnings. Notably, the company reported an impressive 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 strong at $33.5 million.
Bernstein SocGen initiated coverage on CAVA with a Market Perform rating, emphasizing the company’s growth but suggesting the current stock price might limit potential returns. This sentiment was echoed by Piper Sandler, Loop Capital, and Morgan Stanley (NYSE:MS), which adjusted their price targets for CAVA to $142, $147, and $135 respectively, all maintaining neutral ratings.
In contrast, CFRA upgraded their rating from Hold to Buy, with a new price target of $200, and TD Cowen raised its price target to $150, maintaining a Buy rating. These adjustments reflect the strong performance and positive outlook for CAVA Group.
CAVA’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. These recent developments underscore the company’s growth trajectory and potential in the restaurant industry.
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