CAVA Group (NYSE:CAVA – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04, Briefing.com reports. The company had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $219.47 million. CAVA Group had a net margin of 3.75% and a return on equity of 5.18%. CAVA Group’s revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS.
CAVA Group Price Performance
NYSE:CAVA traded up $20.02 on Friday, reaching $122.00. The stock had a trading volume of 21,800,501 shares, compared to its average volume of 2,697,611. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 297.39 and a beta of 3.27. CAVA Group has a 12-month low of $29.05 and a 12-month high of $125.87. The firm’s fifty day moving average is $89.86 and its two-hundred day moving average is $75.83.
Insider Activity
In related news, insider Kenneth Robert Bertram sold 5,250 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $95.28, for a total transaction of $500,220.00. Following the sale, the insider now owns 67,005 shares in the company, valued at $6,384,236.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Kenneth Robert Bertram sold 5,250 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $95.28, for a total transaction of $500,220.00. Following the transaction, the insider now directly owns 67,005 shares in the company, valued at $6,384,236.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald M. Shaich sold 1,231,979 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $87.25, for a total value of $107,490,167.75. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $436,250. The disclosure for this sale can be found here. Insiders sold a total of 1,420,564 shares of company stock valued at $124,690,835 over the last 90 days.
Analyst Ratings Changes
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About CAVA Group
CAVA Group, Inc owns and operates a chain of restaurants under the CAVA brand in the United States. The company also offers dips, spreads, and dressings through grocery stores. In addition, the company provides online and mobile ordering platforms. Cava Group, Inc was founded in 2006 and is headquartered in Washington, the District of Columbia.
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