Investing in CAVA Group Inc. (CAVA) Is Getting More Attractive


CAVA Group Inc.’s recent filing unveils that its Director Xenohristos Theodoros acquired Company’s shares for reported $99000.0 on Jun 20. In the deal valued at $22.00 per share,4,500 shares were bought. As a result of this transaction, Xenohristos Theodoros now holds 4,500 shares worth roughly $ 0.2 million.

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Then, Tolivar Tricia K. bought 2,500 shares, generating $55,000 in total proceeds. Upon buying the shares at $22.00, the Chief Financial Officer now owns 2,500 shares.

Before that, Bertram Kenneth Robert bought 2,295 shares. CAVA Group Inc. shares valued at $50,490 were divested by the CLO & Secretary at a price of $22.00 per share. As a result of the transaction, Bertram Kenneth Robert now holds 1,500 shares, worth roughly $65730.0.

William Blair initiated its CAVA Group Inc. [CAVA] rating to an Outperform in a research note published on Friday.

Price Performance Review of CAVA

On Friday, CAVA Group Inc. [NYSE:CAVA] saw its stock fall -1.33% to $43.82. On the same session, the stock had its day’s lowest price of $43.485, but rose to a high of $45.37. Over the last five days, the stock has gained 5.29%. CAVA Group Inc. shares have risen nearly 0.09% since the year began. A total of 0.57 million shares were traded, compared to the trading of 0.95 million shares in the previous session.

Levels Of Support And Resistance For CAVA Stock

The 24-hour chart illustrates a support level at 43.08, which if violated will result in even more drops to 42.34. On the upside, there is a resistance level at 44.97. A further resistance level may holdings at 46.11. The Relative Strength Index (RSI) on the 14-day chart is 44.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.57%. Stochastics %K at 37.60% indicates the stock is a holding.

How much short interest is there in CAVA Group Inc.?

A steep rise in short interest was recorded in CAVA Group Inc. stocks on Aug 14, 2023, growing by 1.88 million shares to a total of 4.97 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.09 million shares. There was a rise of 37.83%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.55% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.93.

CAVA Group Inc. [CAVA] – Who Are The Largest Shareholders?

In filings from Invus Public Equities Advisors LL, it is revealed that the company now owns 32,007,990 shares, or roughly 28.74% of the outstanding CAVA shares.. At present, Capital Research & Management Co is holding 1,250,000 shares valued at $71.39 million. 1832 Asset Management LP owned 791,400 shares of the company at the time of its most recent 13F filing, worth $45.2 million.

According to FactSet, CAVA Group Inc.’s share price will average $51.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.09 percent from its previous closing price of $44.41. Analysts expect CAVA Group Inc. stock to reach the higher price of $58.00, while the lowest price estimate is $45.00. However, 9 analysts have rated CAVA stock as an Overweight in their predictions for 2023.


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