William Blair Has Positive Outlook of CAVA Group Q4 Earnings

CAVA Group, Inc. (NYSE:CAVA - Free Report) - Equities researchers at William Blair increased their Q4 2024 EPS estimates for shares of CAVA Group in a research report issued on Wednesday, November 13th. William Blair analyst S. Zackfia now expects that the company will post earnings of $0.05 per share for the quarter, up from their previous forecast of $0.01. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for CAVA Group's current full-year earnings is $0.50 per share. William Blair also issued estimates for CAVA Group's FY2025 earnings at $0.53 EPS and FY2026 earnings at $0.71 EPS.

CAVA Group (NYSE:CAVA - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.04. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm had revenue of $243.82 million during the quarter, compared to analyst estimates of $233.05 million. During the same period in the prior year, the business earned $0.06 EPS. The company's revenue for the quarter was up 38.9% compared to the same quarter last year.

Several other equities research analysts have also recently commented on the stock. TD Securities boosted their price target on shares of CAVA Group from $115.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Barclays boosted their price target on shares of CAVA Group from $113.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Morgan Stanley upped their target price on shares of CAVA Group from $123.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday. JPMorgan Chase & Co. increased their target price on shares of CAVA Group from $90.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus increased their target price on shares of CAVA Group from $118.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, CAVA Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.71.

CAVA Group Price Performance

NYSE:CAVA traded down $4.34 on Monday, hitting $137.04. 5,365,546 shares of the company's stock were exchanged, compared to its average volume of 2,775,201. The firm has a 50-day moving average price of $131.69 and a 200-day moving average price of $104.72. CAVA Group has a 52 week low of $31.47 and a 52 week high of $172.43. The company has a market cap of $15.70 billion, a P/E ratio of 295.33 and a beta of 3.23.

Insiders Place Their Bets

In other news, Director Theodoros Xenohristos sold 98,490 shares of the business'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 value of $12,387,087.30. Following the sale, the director now owns 424,846 shares of the company's stock, valued at $53,432,881.42. The trade was a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tricia K. Tolivar sold 5,000 shares of the business's stock in a transaction that occurred 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 directly owns 292,600 shares in the company, valued at approximately $36,762,264. This trade represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 304,994 shares of company stock worth $38,310,084. 12.10% of the stock is currently owned by company insiders.

Institutional Trading of CAVA Group

Institutional investors and hedge funds have recently bought and sold shares of the company. SpiderRock Advisors LLC increased its holdings in shares of CAVA Group by 8.9% in the 3rd quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company's stock worth $59,364,000 after buying an additional 39,319 shares during the last quarter. Xponance Inc. lifted its position in CAVA Group by 95.2% during the 2nd quarter. Xponance Inc. now owns 9,846 shares of the company's stock valued at $913,000 after acquiring an additional 4,803 shares during the period. PFG Investments LLC lifted its position in CAVA Group by 36.8% during the 3rd quarter. PFG Investments LLC now owns 15,907 shares of the company's stock valued at $1,970,000 after acquiring an additional 4,275 shares during the period. Intech Investment Management LLC bought a new stake in CAVA Group during the 2nd quarter valued at about $1,728,000. Finally, Aigen Investment Management LP bought a new stake in CAVA Group during the 3rd quarter valued at about $1,293,000. 73.15% of the stock is currently 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.