Financial giants have made a conspicuous bearish move on Cava Group. Our analysis of options history for Cava Group CAVA revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $220,585, and 5 were calls, valued at $204,388.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $140.0 for Cava Group during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Cava Group's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cava Group's whale trades within a strike price range from $40.0 to $140.0 in the last 30 days.
Cava Group 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAVA | PUT | SWEEP | BEARISH | 06/07/24 | $7.2 | $5.6 | $7.2 | $92.00 | $144.2K | 509 | 200 |
| CAVA | CALL | TRADE | BEARISH | 01/16/26 | $52.3 | $51.6 | $51.6 | $40.00 | $82.5K | 464 | 22 |
| CAVA | PUT | SWEEP | BEARISH | 06/07/24 | $1.1 | $1.0 | $1.0 | $85.00 | $49.5K | 645 | 508 |
| CAVA | CALL | SWEEP | NEUTRAL | 07/19/24 | $3.7 | $3.6 | $3.7 | $95.00 | $32.5K | 612 | 107 |
| CAVA | CALL | TRADE | BEARISH | 01/16/26 | $52.4 | $51.6 | $51.6 | $40.00 | $30.9K | 464 | 0 |
About Cava Group
Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company's dips, spreads, and dressings are centrally produced and sold in grocery stores. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen. The company generates the majority of its revenue from the CAVA segment.
Following our analysis of the options activities associated with Cava Group, we pivot to a closer look at the company's own performance.
Present Market Standing of Cava Group
- With a trading volume of 683,445, the price of CAVA is down by -1.6%, reaching $86.59.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 70 days from now.
What Analysts Are Saying About Cava Group
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $87.6.
- Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Cava Group, targeting a price of $94.
- Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Cava Group, targeting a price of $92.
- An analyst from TD Cowen has decided to maintain their Buy rating on Cava Group, which currently sits at a price target of $90.
- Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Cava Group with a target price of $90.
- An analyst from Barclays persists with their Equal-Weight rating on Cava Group, maintaining a target price of $72.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cava Group options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
