CAVA Group (CAVA) Set to Announce Earnings on Tuesday

CAVA Group (NYSE:CAVA) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

CAVA Group (NYSE:CAVA) last released its earnings results on Thursday, August 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $233.50 million during the quarter, compared to the consensus estimate of $219.47 million. CAVA Group had a net margin of 5.04% and a return on equity of 7.37%. CAVA Group’s revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share. 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 0.4 %

Shares of CAVA opened at $132.12 on Tuesday. The firm has a market cap of $15.10 billion, a PE ratio of 357.08 and a beta of 3.23. The company’s fifty day moving average is $126.77 and its two-hundred day moving average is $99.81. CAVA Group has a fifty-two week low of $29.66 and a fifty-two week high of $141.25.

Insider Transactions at CAVA Group

In other news, Director Theodoros Xenohristos sold 98,490 shares of the stock in a transaction dated 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 approximately $53,432,881.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 completion of the sale, the chief financial officer now owns 292,600 shares in the company, valued at $36,762,264. The trade was a 0.00 % decrease in their ownership of the stock. 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 firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.77, for a total transaction of $12,387,087.30. Following the completion of the transaction, the director now owns 424,846 shares in the company, valued at approximately $53,432,881.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 304,994 shares of company stock valued at $38,310,084. Insiders own 12.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CAVA shares. JPMorgan Chase & Co. raised their price target on shares of CAVA Group from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Barclays upped their price target on shares of CAVA Group from $95.00 to $113.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. TD Securities raised their price objective on CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Jefferies Financial Group upped their target price on CAVA Group from $94.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, TD Cowen raised their target price on CAVA Group from $115.00 to $130.00 and gave the company a “buy” rating in a report on Monday, September 23rd. 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, CAVA Group has a consensus rating of “Moderate Buy” and an average target price of $120.36.

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.