Yahoo Finance Insider Selling: Director Theodoros Xenohristos Sells 90,000 Shares of Cava Group Inc (CAVA)
On June 24, 2024, Theodoros Xenohristos, Director at Cava Group Inc (NYSE:CAVA), executed a sale of 90,000 shares of the company. According to the SEC Filing, the transaction was carried out at an average price of $91.01 per share, totaling approximately $8,190,900. Following this transaction, the insider now owns 424,846 shares of Cava Group Inc.
Cava Group Inc operates in the restaurant industry, specializing in Mediterranean cuisine. The company offers a customizable menu of spreads, proteins, and toppings served in a fast-casual setting.
Over the past year, Theodoros Xenohristos has sold a total of 141,739 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed at Cava Group Inc, where insider transactions over the past year have predominantly been sales, with 11 insider sells and only 1 insider buy recorded.
The stock of Cava Group Inc was trading at $91.01 on the day of the sale, giving the company a market cap of approximately $10.62 billion. The company's price-earnings ratio stands at 465.55, which is significantly higher than the industry median of 22.755.
For more detailed valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, investors may refer to the GF Value for a comprehensive analysis.
This insider sale could be of interest to current and potential investors, as insider transactions can provide insights into the company's financial health and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
