What is William Blair’s Forecast for CAVA Group Q4 Earnings?

CAVA Group, Inc. (NYSE:CAVA) – Analysts at William Blair lifted their Q4 2024 earnings per share estimates for CAVA Group in a research note issued on Wednesday, November 13th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.05 for the quarter, up from their prior estimate of $0.01. William Blair 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.

A number of other equities research analysts have also recently issued reports on CAVA. JPMorgan Chase & Co. upped their target price on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Morgan Stanley raised their target price 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. TD Cowen boosted their target price on shares of CAVA Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Argus upped their price target on shares of CAVA Group from $104.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, Robert W. Baird lifted their price objective on CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.71.

CAVA Group Price Performance

Shares of NYSE:CAVA opened at $137.23 on Monday. The stock has a market capitalization of $15.72 billion, a P/E ratio of 295.33 and a beta of 3.23. The business has a 50-day moving average of $131.69 and a two-hundred day moving average of $104.72. CAVA Group has a fifty-two week low of $31.47 and a fifty-two week high of $172.43.

CAVA Group (NYSE:CAVA) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $243.82 million during the quarter, compared to analyst estimates of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. CAVA Group’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS.

Insider Activity

In other CAVA Group news, CEO Brett Schulman sold 201,504 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $125.53, for a total transaction of $25,294,797.12. Following the completion of the transaction, the chief executive officer now owns 702,590 shares in the company, valued at $88,196,122.70. This trade represents a 22.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Tricia K. Tolivar sold 5,000 shares of the company’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 value of $628,200.00. Following the completion of the sale, the chief financial officer now owns 292,600 shares in the company, valued at approximately $36,762,264. This represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 304,994 shares of company stock worth $38,310,084. Company insiders own 12.10% of the company’s stock.

Institutional Investors Weigh In On CAVA Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jamison Private Wealth Management Inc. acquired a new position in shares of CAVA Group in the 2nd quarter worth approximately $28,000. Nemes Rush Group LLC bought a new position in CAVA Group in the 2nd quarter valued at $28,000. GAMMA Investing LLC boosted its stake in CAVA Group by 68.3% in the third quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 125 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in shares of CAVA Group during the second quarter worth $36,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of CAVA Group in the third quarter valued at $50,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

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.