CAVA Group (CAVA) Scheduled to Post Quarterly Earnings on Tuesday

CAVA Group (NYSE:CAVA) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 28th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $175.50 million for the quarter, compared to analysts’ expectations of $240.03 million. CAVA Group had a net margin of 1.82% and a return on equity of 4.28%. The firm’s revenue was up 52.6% on a year-over-year basis. On average, analysts expect CAVA Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CAVA Group Stock Performance

NYSE CAVA opened at $82.93 on Friday. The company’s 50-day moving average price is $69.17 and its 200-day moving average price is $53.39. CAVA Group has a 12 month low of $29.05 and a 12 month high of $84.20.

Insider Activity

In other news, Director Theodoros Xenohristos sold 47,239 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $68.29, for a total value of $3,225,951.31. Following the sale, the director now directly owns 526,521 shares in the company, valued at approximately $35,956,119.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director International S.C.A. Artal sold 2,000,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $66.25, for a total value of $132,500,000.00. Following the completion of the transaction, the director now directly owns 26,507,990 shares of the company’s stock, valued at approximately $1,756,154,337.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Theodoros Xenohristos sold 47,239 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $68.29, for a total transaction of $3,225,951.31. Following the completion of the transaction, the director now directly owns 526,521 shares of the company’s stock, valued at $35,956,119.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,547,239 shares of company stock worth $221,525,951.

Wall Street Analysts Forecast Growth

CAVA has been the topic of a number of research analyst reports. Robert W. Baird upped their price target on shares of CAVA Group from $54.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Morgan Stanley increased their target price on shares of CAVA Group from $62.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Wedbush increased their target price on shares of CAVA Group from $65.00 to $74.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Argus upgraded shares of CAVA Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Wednesday, April 10th. Finally, TD Cowen reiterated a “buy” rating and set a $63.00 target price on shares of CAVA Group in a report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.08.

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.