What's Going On With Cava Stock Ahead Of Earnings?
Portfolio Pulse from Erica Kollmann
Cava Group, Inc. (NYSE:CAVA) shares are trading higher ahead of its first-quarter earnings report, with the stock up over 20% in the past month. Analysts expect earnings of 4 cents per share and sales of $245.935 million. The company recently opened a new production facility in Virginia, and Stifel raised its price target to $90. Cava shares are trading above the 50-day moving average, with 15.37% of shares sold short.
May 28, 2024 | 4:44 pm
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Cava Group shares are trading higher ahead of its Q1 earnings report, with expectations of 4 cents per share and $245.935 million in sales. The stock has gained over 20% in the past month, and Stifel raised its price target to $90.
The stock is trending higher due to positive sentiment ahead of the earnings report and a recent price target increase by Stifel. The new production facility also supports future growth, contributing to the positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100