CAVA Group, the fast-casual Mediterranean restaurant chain based in Washington D.C., recently witnessed a significant insider transaction involving its director, Xenohristos Theodoros. Theodoros sold approximately 429,000 shares of the company’s stock, amounting to $9.48 million. This sale comes at a time when CAVA’s stock is actively traded, with shares currently listed at about $22.11. The sale was executed in a series of transactions conducted between October 3, 2023 and October 5, 2023. Theodoros, alongside his responsibilities at CAVA Group, serves as Chief Operating Officer at Island Brands USA. The company’s focus on growth in the fast-casual segment continues to attract attention, especially with their innovative menu and commitment to quality ingredients. This insider sale raises questions among investors regarding the future trajectory of the company amid increasing stock activity.
CAVA Group Director Xenohristos Theodoros Sells $9.48 Million in Stock
