FY2026 EPS Estimates for CAVA Group Cut by William Blair

Key Points

• William Blair has cut its FY2026 earnings per share estimate for CAVA Group to $0.58, down from $0.64, while the consensus estimate for the current year is $0.50 per share.
• CAVA Group's recent quarterly earnings showed $0.16 EPS, surpassing analyst expectations of $0.13, despite revenue of $280.62 million falling short of the projected $285.65 million.
• Multiple analysts have adjusted their price targets for CAVA Group, with the consensus target price now at $94.26, reflecting a mix of ratings including nine "Hold" and eleven "Buy" recommendations.

CAVA Group, Inc. (NYSE:CAVA - Free Report) - Equities researchers at William Blair cut their FY2026 earnings per share estimates for shares of CAVA Group in a report issued on Monday, October 20th. William Blair analyst S. Zackfia now expects that the company will earn $0.58 per share for the year, down from their prior estimate of $0.64. The consensus estimate for CAVA Group's current full-year earnings is $0.50 per share.

CAVA Group (NYSE:CAVA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $280.62 million for the quarter, compared to analysts' expectations of $285.65 million. CAVA Group had a return on equity of 9.83% and a net margin of 12.98%.The firm's quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 EPS.

A number of other analysts have also recently issued reports on the company. Royal Bank Of Canada started coverage on CAVA Group in a report on Wednesday, October 8th. They set an "outperform" rating and a $80.00 price objective on the stock. TD Cowen dropped their price objective on CAVA Group from $120.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Melius assumed coverage on CAVA Group in a research note on Monday, July 14th. They issued a "hold" rating and a $95.00 target price on the stock. Piper Sandler decreased their target price on CAVA Group from $122.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. decreased their target price on CAVA Group from $115.00 to $95.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $94.26.

CAVA Group Stock Performance

Shares of CAVA opened at $65.53 on Wednesday. The stock's 50-day simple moving average is $64.96 and its 200 day simple moving average is $78.65. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 55.06, a price-to-earnings-growth ratio of 3.19 and a beta of 2.50. CAVA Group has a 52-week low of $58.33 and a 52-week high of $172.43.

Hedge Funds Weigh In On CAVA Group

Large investors have recently modified their holdings of the company. Maryland State Retirement & Pension System raised its holdings in shares of CAVA Group by 37.5% during the 2nd quarter. Maryland State Retirement & Pension System now owns 4,850 shares of the company's stock valued at $409,000 after buying an additional 1,324 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of CAVA Group by 123.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,458 shares of the company's stock valued at $472,000 after buying an additional 3,015 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CAVA Group by 5.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 554,934 shares of the company's stock valued at $47,952,000 after buying an additional 27,066 shares in the last quarter. Lewis Asset Management LLC purchased a new position in shares of CAVA Group during the 2nd quarter valued at about $504,000. Finally, KLP Kapitalforvaltning AS raised its holdings in shares of CAVA Group by 5.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 18,800 shares of the company's stock valued at $1,584,000 after buying an additional 900 shares in the last quarter. 73.15% of the stock is owned by hedge funds and other institutional investors.

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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