CAVA Group (NYSE:CAVA – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04, Briefing.com reports. CAVA Group had a net margin of 3.75% and a return on equity of 5.18%. The company had revenue of $233.50 million during the quarter, compared to analyst estimates of $219.47 million. During the same period last year, the business earned $0.21 EPS. CAVA Group’s quarterly revenue was up 35.1% compared to the same quarter last year.
CAVA Group Stock Up 19.6 %
CAVA traded up $20.02 during mid-day trading on Friday, reaching $122.00. 21,800,501 shares of the company traded hands, compared to its average volume of 2,697,611. The company’s fifty day moving average price is $89.86 and its 200-day moving average price is $75.83. The stock has a market capitalization of $13.91 billion, a P/E ratio of 297.39 and a beta of 3.27. CAVA Group has a 52-week low of $29.05 and a 52-week high of $125.87.
Insider Transactions at CAVA Group
In related news, CFO Tricia K. Tolivar sold 5,949 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $94.47, for a total transaction of $562,002.03. Following the completion of the sale, the chief financial officer now owns 297,600 shares in the company, valued at $28,114,272. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Theodoros Xenohristos sold 90,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $91.01, for a total transaction of $8,190,900.00. Following the completion of the sale, the director now owns 424,846 shares of the company’s stock, valued at approximately $38,665,234.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Tricia K. Tolivar sold 5,949 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $94.47, for a total value of $562,002.03. Following the completion of the sale, the chief financial officer now owns 297,600 shares of the company’s stock, valued at $28,114,272. The disclosure for this sale can be found here. Insiders have sold a total of 1,420,564 shares of company stock worth $124,690,835 in the last ninety days.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on CAVA Group
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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