CAVA Group (CAVA) to Release Earnings on Tuesday

CAVA Group (NYSE:CAVA) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $223.34 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

CAVA Group Stock Performance

Shares of NYSE:CAVA opened at $108.05 on Monday. CAVA Group has a 52 week low of $48.55 and a 52 week high of $172.43. The firm’s fifty day moving average is $123.05 and its 200-day moving average is $125.76. The firm has a market cap of $12.38 billion, a PE ratio of 234.89 and a beta of 3.25.

Insiders Place Their Bets

In related news, CEO Brett Schulman sold 2,936 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $124.39, for a total transaction of $365,209.04. Following the transaction, the chief executive officer now owns 773,433 shares in the company, valued at $96,207,330.87. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Adam David Phillips sold 615 shares of CAVA Group stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $124.39, for a total transaction of $76,499.85. Following the completion of the sale, the chief accounting officer now directly owns 10,884 shares of the company’s stock, valued at approximately $1,353,860.76. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 651,784 shares of company stock valued at $96,522,922. Corporate insiders own 12.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CAVA. Stifel Nicolaus lifted their price objective on shares of CAVA Group from $118.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Loop Capital lifted their target price on shares of CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Morgan Stanley boosted their price objective on shares of CAVA Group from $123.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their target price on shares of CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, Robert W. Baird lifted their price target on CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Eight equities research 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $140.60.

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.