William Blair Estimates CAVA Group’s Q4 Earnings (NYSE:CAVA)

CAVA Group, Inc. (NYSE:CAVA) – Research analysts at William Blair boosted their Q4 2024 earnings per share estimates for CAVA Group in a report issued on Wednesday, November 13th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.05 for the quarter, up from their prior estimate of $0.01. William Blair has a “Outperform” rating on the stock. The consensus estimate for CAVA Group’s current full-year earnings is $0.50 per share. William Blair also issued estimates for CAVA Group’s FY2025 earnings at $0.53 EPS and FY2026 earnings at $0.71 EPS.

A number of other equities research analysts also recently issued reports on CAVA. Piper Sandler increased their price objective on shares of CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Loop Capital upped their target price on CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday. Jefferies Financial Group lifted their price target on CAVA Group from $94.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Morgan Stanley upped their price objective on CAVA Group from $123.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, CAVA Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.71.

CAVA Group Stock Up 2.2 %

Shares of CAVA Group stock opened at $141.38 on Monday. The company has a 50-day simple moving average of $131.69 and a two-hundred day simple moving average of $104.46. CAVA Group has a twelve month low of $31.47 and a twelve month high of $172.43. The stock has a market capitalization of $16.20 billion, a price-to-earnings ratio of 307.35 and a beta of 3.23.

CAVA Group (NYSE:CAVA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $243.82 million during the quarter, compared to analysts’ expectations of $233.05 million. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s revenue was up 38.9% on a year-over-year basis.

Insider Buying and Selling at CAVA Group

In related news, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $125.64, for a total transaction of $628,200.00. Following the transaction, the chief financial officer now directly owns 292,600 shares of the company’s stock, valued at approximately $36,762,264. This represents a 1.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theodoros Xenohristos sold 98,490 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $125.77, for a total value of $12,387,087.30. Following the sale, the director now owns 424,846 shares of the company’s stock, valued at approximately $53,432,881.42. This represents a 18.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 304,994 shares of company stock valued at $38,310,084. 12.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Nwam LLC grew its position in CAVA Group by 2.6% in the 3rd quarter. Nwam LLC now owns 3,368 shares of the company’s stock worth $417,000 after purchasing an additional 85 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of CAVA Group by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,287 shares of the company’s stock valued at $407,000 after acquiring an additional 110 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of CAVA Group by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $237,000 after acquiring an additional 113 shares during the last quarter. GAMMA Investing LLC lifted its holdings in CAVA Group by 68.3% during the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 125 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in CAVA Group by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 39,154 shares of the company’s stock worth $3,632,000 after purchasing an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

About CAVA Group

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.