Restaurant stock Cava Group (CAVA) has plummeted 60% year-to-date, down over 28% in the past month. Concerns about consumer spending have investors worried about the $15 salad chain’s future.

Smart money anticipates another 10-point drop for CAVA in the coming months based on recent block trades. Unusual option activity suggests a bearish outlook, with heavy put volume indicating potential losses ahead.

The spike in put/call volume ratio for CAVA to 4.33, a new high, shows increased bearish sentiment following recent heavy options trading activity. This trend suggests investors are bracing for further downside in the stock price.

Read more at Barchart: This Consumer Stock is Already in a Bear Market. Smart Money Sees 20% More Downside Ahead.