CAVA Group Inc. (CAVA) Becoming More Attractive for Investors


CAVA Group Inc.’s filing revealed 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 $ 0.15 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 $51540.0.

Loop Capital initiated its CAVA Group Inc. [CAVA] rating to a Hold in a research note published on Monday, September 15, 2023; the price target was $40. PT values the company’s stock at a premium of 14.1 to its Monday closing price.

Price Performance Review of CAVA

On Monday, CAVA Group Inc. [NYSE:CAVA] saw its stock fall -2.99% to $34.36. On the same session, the stock had its day’s lowest price of $34.13, but rose to a high of $35.42. Over the last five days, the stock has lost -8.52%. CAVA Group Inc. shares have fallen nearly -21.52% since the year began. A total of 1.08 million shares were traded, compared to the trading of 1.35 million shares in the previous session.

Levels Of Support And Resistance For CAVA Stock

The 24-hour chart illustrates a support level at 33.85, which if violated will result in even more drops to 33.35. On the upside, there is a resistance level at 35.14. A further resistance level may holdings at 35.93. The Relative Strength Index (RSI) on the 14-day chart is 28.17, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.08%. Stochastics %K at 7.00% indicates the stock is a buying.

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 30, 2023, growing by 4.3 million shares to a total of 8.57 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 4.27 million shares. There was a rise of 50.18%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.83% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.11.

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 28.18% of the outstanding CAVA shares.. At present, Capital Research & Management Co is holding 1,250,000 shares valued at $55.51 million. 1832 Asset Management LP owned 791,400 shares of the company at the time of its most recent 13F filing, worth $35.15 million.

According to FactSet, CAVA Group Inc.’s share price will average $49.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 41.16 percent from its previous closing price of $35.42. Analysts expect CAVA Group Inc. stock to reach the higher price of $58.00, while the lowest price estimate is $40.00. However, 10 analysts have rated CAVA stock as an Overweight in their predictions for 2023.


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