CAVA Group (CAVA) Set to Announce Quarterly Earnings on Tuesday

CAVA Group (NYSE:CAVA - Get Free Report) is scheduled to issue 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 are interested in registering for the company's earnings conference call can do so using this link.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The company had revenue of $233.50 million during the quarter, compared to analysts' expectations of $219.47 million. CAVA Group had a return on equity of 7.37% and a net margin of 5.04%. CAVA Group's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior 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 stock traded up $0.50 during trading on Tuesday, reaching $132.62. The company's stock had a trading volume of 1,511,440 shares, compared to its average volume of 2,690,615. The business has a fifty day moving average price of $126.77 and a 200-day moving average price of $99.81. CAVA Group has a one year low of $29.66 and a one year high of $141.25. The company has a market cap of $15.16 billion, a price-to-earnings ratio of 360.08 and a beta of 3.23.

Wall Street Analyst Weigh In

CAVA has been the subject of a number of research analyst reports. UBS Group assumed coverage on CAVA Group in a report on Friday, September 27th. They set a "neutral" rating and a $135.00 price target for the company. Morgan Stanley lowered CAVA Group from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $90.00 to $110.00 in a report on Thursday, August 29th. Robert W. Baird raised their price target on CAVA Group from $125.00 to $148.00 and gave the company an "outperform" rating in a report on Monday. TD Cowen upped their price objective on shares of CAVA Group from $115.00 to $130.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Finally, Wedbush raised their target price on shares of CAVA Group from $100.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 23rd. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $120.36.

Insider Buying and Selling at CAVA Group

In related news, Director Theodoros Xenohristos sold 98,490 shares of the company'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 transaction of $12,387,087.30. Following the completion of the transaction, the director now directly owns 424,846 shares in the company, valued at $53,432,881.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other CAVA Group news, Director Theodoros Xenohristos sold 98,490 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $125.77, for a total value of $12,387,087.30. Following the completion of the transaction, the director now owns 424,846 shares of the company's stock, valued at $53,432,881.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.64, for a total value of $628,200.00. Following the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 304,994 shares of company stock worth $38,310,084 over the last 90 days. Insiders own 12.10% of the company's stock.

CAVA Group Company Profile

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.