CAVA Group (NYSE:CAVA – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, August 22nd. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
CAVA Group (NYSE:CAVA – Get Free Report) last posted its quarterly earnings results on Tuesday, May 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.08. CAVA Group had a net margin of 3.75% and a return on equity of 5.18%. The business had revenue of $259.01 million during the quarter, compared to the consensus estimate of $246.02 million. The business’s revenue was up 27.5% on a year-over-year basis. On average, analysts expect CAVA Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
CAVA Group Trading Down 2.0 %
CAVA opened at $98.18 on Wednesday. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 239.45 and a beta of 3.27. The company’s fifty day moving average price is $88.80 and its two-hundred day moving average price is $74.94. CAVA Group has a 1-year low of $29.05 and a 1-year high of $101.20.
Insider Buying and Selling at CAVA Group
Analyst Ratings Changes
Several research firms have commented on CAVA. Jefferies Financial Group increased their price objective on shares of CAVA Group from $72.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. TD Cowen upped their price objective on CAVA Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Piper Sandler lowered CAVA Group from an “overweight” rating to a “neutral” rating and raised their target price for the company from $63.00 to $92.00 in a research report on Thursday, May 30th. Robert W. Baird increased their price target on shares of CAVA Group from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Wednesday, May 29th. Finally, Stifel Nicolaus lifted their price objective on shares of CAVA Group from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.42.
Read Our Latest Research Report on CAVA Group
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.
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