Top Wall Street Forecasters Revamp CAVA Expectations Ahead Of Q1 Earnings

Group 1 - CAVA Group, Inc. is set to release its first-quarter earnings results on May 15, with analysts expecting earnings of 15 cents per share, an increase from 13 cents per share in the same period last year [1] - Projected quarterly revenue for CAVA is $327.71 million, up from $259.01 million a year earlier [1] - CAVA Group will replace Altair Engineering in the S&P MidCap 400, as announced by S&P Dow Jones Indices on March 26 [1] Group 2 - CAVA shares experienced a slight decline of 0.2%, closing at $99.54 on Wednesday [2] - Analysts have provided various ratings for CAVA, with UBS maintaining a Neutral rating and lowering the price target from $125 to $112 [7] - Barclays also maintained an Equal-Weight rating, reducing the price target from $104 to $90 [7] - TD Securities kept a Buy rating but cut the price target from $130 to $120 [7] - Baird maintained an Outperform rating, lowering the price target from $125 to $105 [7] - JP Morgan upgraded the stock from Neutral to Overweight with a price target of $110 [7]