CAVA Group Likely To Report Lower Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Group 1 - CAVA Group, Inc. is set to release its second-quarter earnings results on August 12, with analysts expecting earnings of 13 cents per share, a decrease from 17 cents per share in the same period last year [1] - The projected quarterly revenue for CAVA Group is $285.23 million, up from $233.5 million a year earlier [1] - CAVA opened its first restaurant in Pittsburgh on August 8, located at 3619 Forbes Avenue [2] Group 2 - CAVA Group shares experienced a decline of 3.2%, closing at $82.30 on the previous Monday [2] - UBS analyst Dennis Geiger maintained a Neutral rating and reduced the price target from $112 to $96 [7] - Barclays analyst Jeffrey Bernstein kept an Equal-Weight rating and raised the price target from $90 to $91 [7] - Keybanc analyst Christopher Carril initiated coverage with an Overweight rating and a price target of $100 [7] - JP Morgan analyst John Ivankoe maintained an Overweight rating but lowered the price target from $115 to $95 [7] - Stifel analyst Chris O'Cull maintained a Buy rating and significantly cut the price target from $175 to $125 [7]