CAVA Group (CAVA) Expected to Announce Earnings on Tuesday

CAVA Group (NYSE:CAVA) is expected to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect CAVA Group to post earnings of $0.06 per share and revenue of $223.34 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

CAVA Group Stock Down 8.9 %

Shares of CAVA Group stock opened at $108.05 on Friday. CAVA Group has a 12-month low of $48.55 and a 12-month high of $172.43. The stock has a market cap of $12.38 billion, a P/E ratio of 234.89 and a beta of 3.25. The business’s 50 day moving average is $123.05 and its 200-day moving average is $125.46.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CAVA. TD Cowen increased their price target on CAVA Group from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein began coverage on CAVA Group in a research note on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of CAVA Group in a research report on Wednesday, November 13th. Barclays lowered their price objective on CAVA Group from $142.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Citigroup lowered their price objective on CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday. Eight 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, the company has a consensus rating of “Moderate Buy” and an average price target of $140.60.

Insider Transactions at CAVA Group

In related news, CAO Adam David Phillips sold 615 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $76,499.85. Following the sale, the chief accounting officer now directly owns 10,884 shares of the company’s stock, valued at $1,353,860.76. This trade represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brett Schulman sold 20,564 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $2,450,817.52. Following the completion of the sale, the chief executive officer now directly owns 776,369 shares in the company, valued at $92,527,657.42. This trade represents a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 651,784 shares of company stock valued at $96,522,922. 12.10% of the stock is owned by corporate insiders.

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.