Q4 2024 EPS Estimates for CAVA Group, Inc. (NYSE:CAVA) Lifted by Wedbush

CAVA Group, Inc. (NYSE:CAVA) – Investment analysts at Wedbush upped their Q4 2024 earnings per share (EPS) estimates for shares of CAVA Group in a report released on Tuesday, April 16th. Wedbush analyst N. Setyan now forecasts that the company will post earnings of $0.00 per share for the quarter, up from their prior forecast of ($0.01). Wedbush has a “Outperform” rating and a $74.00 price objective on the stock. The consensus estimate for CAVA Group’s current full-year earnings is $0.25 per share. Wedbush also issued estimates for CAVA Group’s Q4 2025 earnings at $0.02 EPS.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $175.50 million during the quarter, compared to analysts’ expectations of $240.03 million. CAVA Group had a net margin of 1.82% and a return on equity of 4.28%. The company’s revenue was up 52.6% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the stock. Argus upgraded shares of CAVA Group from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Wednesday, April 10th. Barclays initiated coverage on CAVA Group in a research note on Monday. They issued an “equal weight” rating and a $58.00 price target for the company. Citigroup boosted their price target on CAVA Group from $49.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Robert W. Baird upped their price objective on shares of CAVA Group from $54.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, William Blair reissued an “outperform” rating on shares of CAVA Group in a research report on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.42.

CAVA Group Trading Down 0.1 %

CAVA opened at $61.50 on Thursday. The business’s 50-day moving average is $60.95 and its two-hundred day moving average is $46.06. CAVA Group has a 1 year low of $29.05 and a 1 year high of $71.60.

Hedge Funds Weigh In On CAVA Group

Several hedge funds have recently made changes to their positions in CAVA. CWM LLC lifted its stake in CAVA Group by 101.2% in the first quarter. CWM LLC now owns 505 shares of the company’s stock valued at $35,000 after buying an additional 254 shares during the last quarter. Montag A & Associates Inc. acquired a new stake in CAVA Group during the 4th quarter worth $26,000. Headlands Technologies LLC purchased a new position in CAVA Group during the 3rd quarter worth $26,000. PNC Financial Services Group Inc. increased its stake in CAVA Group by 190.0% in the third quarter. PNC Financial Services Group Inc. now owns 870 shares of the company’s stock valued at $27,000 after purchasing an additional 570 shares during the period. Finally, Clearstead Advisors LLC purchased a new stake in shares of CAVA Group in the third quarter valued at about $31,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Insiders Place Their Bets

In other CAVA Group news, Director Theodoros Xenohristos sold 47,239 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $68.29, for a total value of $3,225,951.31. Following the completion of the transaction, the director now owns 526,521 shares in the company, valued at $35,956,119.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CAVA Group news, Director International S.C.A. Artal sold 2,000,000 shares of CAVA Group stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $66.25, for a total transaction of $132,500,000.00. Following the completion of the sale, the director now directly owns 26,507,990 shares of the company’s stock, valued at approximately $1,756,154,337.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Theodoros Xenohristos sold 47,239 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $68.29, for a total value of $3,225,951.31. Following the sale, the director now owns 526,521 shares of the company’s stock, valued at approximately $35,956,119.09. The disclosure for this sale can be found here. Insiders have sold a total of 3,547,239 shares of company stock worth $221,525,951 in the last ninety days.

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.