CAVA Group (CAVA) Scheduled to Post Earnings on Tuesday

CAVA Group (NYSE:CAVA) will announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. The firm had revenue of $233.50 million for the quarter, compared to analyst estimates of $219.47 million. During the same period last year, the company earned $0.21 EPS. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. On average, analysts expect CAVA Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CAVA Group Stock Up 4.1 %

NYSE:CAVA opened at $147.20 on Friday. The stock’s fifty day simple moving average is $128.75 and its 200-day simple moving average is $101.77. The firm has a market capitalization of $16.83 billion, a P/E ratio of 397.84 and a beta of 3.23. CAVA Group has a 12-month low of $29.66 and a 12-month high of $147.61.

Insider Buying and Selling

In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.64, for a total transaction of $628,200.00. Following the sale, the chief financial officer now owns 292,600 shares of the company’s stock, valued at $36,762,264. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Tricia K. Tolivar sold 5,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.64, for a total transaction of $628,200.00. Following the completion of the transaction, the chief financial officer now directly owns 292,600 shares in the company, valued at $36,762,264. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Theodoros Xenohristos sold 98,490 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the transaction, the director now owns 424,846 shares of the company’s stock, valued at $53,432,881.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 304,994 shares of company stock valued at $38,310,084. 12.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Stifel Nicolaus upped their target price on CAVA Group from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, August 19th. TD Securities increased their price target on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Jefferies Financial Group raised their target price on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Robert W. Baird increased their price target on CAVA Group from $125.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Citigroup increased their price target on CAVA Group from $115.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, CAVA Group presently has an average rating of “Moderate Buy” and an average target price of $120.36.

CAVA Group Company Profile

CAVA Group, Inc owns and operates a chain of restaurants under the CAVA brand in the United States. The company also offers dips, spreads, and dressings through grocery stores. In addition, the company provides online and mobile ordering platforms. Cava Group, Inc was founded in 2006 and is headquartered in Washington, the District of Columbia.