CAVA Group (CAVA) to Release Quarterly Earnings on Monday

CAVA Group (NYSE:CAVA - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $223.34 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

CAVA Group Stock Performance

Shares of NYSE:CAVA traded down $0.91 during midday trading on Thursday, hitting $118.51. 2,820,680 shares of the stock were exchanged, compared to its average volume of 2,078,112. The business's 50-day moving average price is $123.51 and its 200 day moving average price is $125.01. CAVA Group has a 12 month low of $48.10 and a 12 month high of $172.43. The stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of 257.63 and a beta of 3.25.

Insiders Place Their Bets

In other news, Director Ronald M. Shaich sold 622,549 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $149.40, for a total transaction of $93,008,820.60. Following the completion of the sale, the director now owns 6,307 shares in the company, valued at $942,265.80. This trade represents a 99.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Tricia K. Tolivar sold 2,086 shares of CAVA Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $248,609.48. Following the completion of the sale, the chief financial officer now directly owns 235,592 shares in the company, valued at $28,077,854.56. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 651,784 shares of company stock worth $96,522,922. 12.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup raised their price target on shares of CAVA Group from $140.00 to $163.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Loop Capital raised their target price on CAVA Group from $122.00 to $147.00 and gave the stock a "hold" rating in a research report on Thursday, November 14th. Stifel Nicolaus upped their price target on CAVA Group from $118.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. TD Cowen raised their price objective on CAVA Group from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, UBS Group reduced their target price on CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $142.13.

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.