Wedbush Issues Pessimistic Forecast for CAVA Group Earnings

CAVA Group, Inc. (NYSE:CAVA - Free Report) - Equities researchers at Wedbush reduced their Q3 2026 earnings per share (EPS) estimates for CAVA Group in a note issued to investors on Wednesday, March 19th. Wedbush analyst N. Setyan now anticipates that the company will earn $0.25 per share for the quarter, down from their previous estimate of $0.27. Wedbush has a "Outperform" rating and a $150.00 price objective on the stock. The consensus estimate for CAVA Group's current full-year earnings is $0.50 per share. Wedbush also issued estimates for CAVA Group's FY2026 earnings at $0.89 EPS.

Several other brokerages have also recently weighed in on CAVA. UBS Group dropped their price target on shares of CAVA Group from $160.00 to $125.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upgraded CAVA Group from a "neutral" rating to an "overweight" rating and set a $110.00 target price on the stock in a report on Thursday. Barclays cut their target price on CAVA Group from $127.00 to $104.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Piper Sandler raised CAVA Group from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $142.00 to $115.00 in a research report on Friday, February 28th. Finally, Citigroup dropped their price objective on CAVA Group from $163.00 to $140.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, CAVA Group currently has a consensus rating of "Moderate Buy" and an average price target of $131.47.

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CAVA Group Stock Performance

Shares of CAVA Group stock traded up $6.54 during trading hours on Thursday, reaching $90.39. The company's stock had a trading volume of 3,705,148 shares, compared to its average volume of 2,923,606. The stock's fifty day simple moving average is $110.27 and its two-hundred day simple moving average is $122.83. The company has a market capitalization of $10.45 billion, a P/E ratio of 196.51 and a beta of 3.58. CAVA Group has a one year low of $58.22 and a one year high of $172.43.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $227.40 million during the quarter, compared to analyst estimates of $223.34 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%.

Insider Buying and Selling

In other news, insider Kenneth Robert Bertram sold 678 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $84,336.42. Following the transaction, the insider now owns 57,312 shares of the company's stock, valued at $7,129,039.68. This represents a 1.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brett Schulman sold 20,564 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $2,450,817.52. Following the transaction, the chief executive officer now owns 776,369 shares of the company's stock, valued at $92,527,657.42. The trade was a 2.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,235 shares of company stock worth $3,514,101. Insiders own 12.10% of the company's stock.

Institutional Investors Weigh In On CAVA Group

Institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC increased its stake in shares of CAVA Group by 36,658.7% in the fourth quarter. Jennison Associates LLC now owns 2,461,732 shares of the company's stock worth $277,683,000 after purchasing an additional 2,455,035 shares in the last quarter. Vanguard Group Inc. grew its stake in CAVA Group by 20.4% in the 4th quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company's stock valued at $903,709,000 after buying an additional 1,357,187 shares in the last quarter. Man Group plc raised its holdings in CAVA Group by 563.7% during the 4th quarter. Man Group plc now owns 935,075 shares of the company's stock valued at $105,476,000 after acquiring an additional 794,187 shares during the period. Geode Capital Management LLC lifted its position in shares of CAVA Group by 121.0% during the third quarter. Geode Capital Management LLC now owns 1,222,834 shares of the company's stock worth $151,492,000 after acquiring an additional 669,599 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of CAVA Group by 116.7% in the fourth quarter. Barclays PLC now owns 84,755 shares of the company's stock worth $9,560,000 after acquiring an additional 591,866 shares during the period. 73.15% of the stock is owned by hedge funds and other institutional investors.

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.