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

CAVA Group, Inc. (NYSE:CAVA) – William Blair increased their Q4 2024 earnings per share (EPS) estimates for CAVA Group in a report released on Wednesday, November 13th. William Blair analyst S. Zackfia now anticipates 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.

A number of other research analysts also recently issued reports on the stock. Piper Sandler lifted their price objective on shares of CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. increased their price objective on CAVA Group from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Stifel Nicolaus boosted their target price on CAVA Group from $118.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. UBS Group assumed coverage on CAVA Group in a research note on Friday, September 27th. They issued a “neutral” rating and a $135.00 price target for the company. Finally, Barclays boosted their price target on CAVA Group from $113.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $143.71.

CAVA Group Price Performance

CAVA opened at $141.18 on Monday. The firm has a market capitalization of $16.18 billion, a PE ratio of 306.90 and a beta of 3.23. The business’s 50-day moving average is $132.03 and its two-hundred day moving average is $105.21. CAVA Group has a 1 year low of $31.47 and a 1 year high of $172.43.

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

Hedge Funds Weigh In On CAVA Group

Hedge funds have recently made changes to their positions in the company. Jamison Private Wealth Management Inc. acquired a new position in CAVA Group in the 2nd quarter valued at about $28,000. Nemes Rush Group LLC purchased a new position in CAVA Group in the second quarter valued at $28,000. GAMMA Investing LLC raised its holdings in CAVA Group by 68.3% during 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 purchased a new stake in CAVA Group in the second quarter valued at $36,000. Finally, Sunbelt Securities Inc. purchased a new stake in CAVA Group in the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

Insider Activity at CAVA Group

In other CAVA Group news, CFO Tricia K. Tolivar sold 5,000 shares of CAVA Group stock in a transaction 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 transaction, the chief financial officer now owns 292,600 shares of the company’s stock, valued at approximately $36,762,264. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $25,294,797.12. Following the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 319,994 shares of company stock worth $40,410,084. 12.10% of the stock is owned by corporate insiders.

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.