What's Going On With CAVA Stock Thursday?

CAVA Group, Inc. CAVA stock is trading volatile on Thursday. Here’s a look at what’s going on.

The Details: CAVA is anticipated to release earnings for the 2024 fiscal year second quarter on Thursday after the market closes. Analysts expect EPS of $0.12 and revenue of $218.21 million.

CAVA has a solid record of beating analysts estimate for EPS and revenue, according to data from Benzinga Pro. For the first quarter, CAVA reported EPS of $0.12 beating analysts estimate of $0.04. Also, CAVA reported revenue of $259 million beating analysts estimate of $245.93 million.

Analyst Change: Earlier this week, Stifel analyst Chris O’Cull maintained a Buy rating on Cava Group and raised the price target from $90 to $110.

The stock is currently trading above its 52 week high of $102.9 at about $104. In addition, its trading above its 50 moving average of $88.86.

How To Buy CAVA Group Shares

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Cava Group CAVA's case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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CAVA Price Action: At the time of writing, CAVA stock is trading 1.58% higher at $104.46 per data from Benzinga Pro.

Image: Courtesy of CAVA