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In the latest session, Cava Group Inc (NYSE: CAVA) closed at $59.61 down -0.10% from its previous closing price of $59.67. In other words, the price has decreased by $-0.10 from its previous closing price. On the day, 1.43 million shares were traded. CAVA stock price reached its highest trading level at $60.57 during the session, while it also had its lowest trading level at $58.22.
Ratios:
For a deeper understanding of Cava Group Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.20 and its Current Ratio is at 3.25. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.53.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on April 15, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $58.
On April 10, 2024, Argus Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $70.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 26 ’24 when Xenohristos Theodoros sold 47,239 shares for $68.29 per share. The transaction valued at 3,225,851 led to the insider holds 526,521 shares of the business.
Artal International S.C.A. sold 2,000,000 shares of CAVA for $132,500,000 on Mar 21 ’24. The Director now owns 26,507,990 shares after completing the transaction at $66.25 per share. On Mar 04 ’24, another insider, SHAICH RONALD M, who serves as the Former 10% Owner of the company, sold 1,500,000 shares for $57.20 each. As a result, the insider received 85,800,000 and left with 4,457,634 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CAVA now has a Market Capitalization of 6795659264 and an Enterprise Value of 6799443456. As of this moment, Cava’s Price-to-Earnings (P/E) ratio for their current fiscal year is 509.92, and their Forward P/E ratio for the next fiscal year is 185.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.29 while its Price-to-Book (P/B) ratio in mrq is 11.86. Its current Enterprise Value per Revenue stands at 9.331 whereas that against EBITDA is 107.693.
Stock Price History:
Over the past 52 weeks, CAVA has reached a high of $71.60, while it has fallen to a 52-week low of $29.05. The 50-Day Moving Average of the stock is -2.09%, while the 200-Day Moving Average is calculated to be 31.10%.
Shares Statistics:
For the past three months, CAVA has traded an average of 2.35M shares per day and 2182480 over the past ten days. A total of 113.58M shares are outstanding, with a floating share count of 87.44M. Insiders hold about 23.03% of the company’s shares, while institutions hold 66.06% stake in the company. Shares short for CAVA as of 1711584000 were 11774352 with a Short Ratio of 5.02, compared to 1709164800 on 8616317. Therefore, it implies a Short% of Shares Outstanding of 11774352 and a Short% of Float of 10.7200004.
Earnings Estimates
The stock of Cava Group Inc (CAVA) is currently drawing attention from 10 analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is $0.11, with high estimates of $0.13 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.29 and $0.14 for the fiscal current year, implying an average EPS of $0.23. EPS for the following year is $0.32, with 13 analysts recommending between $0.41 and $0.25.
Revenue Estimates
A total of 13 analysts have provided revenue estimates for CAVA’s current fiscal year. The highest revenue estimate was $907M, while the lowest revenue estimate was $826.3M, resulting in an average revenue estimate of $873.48M. In the same quarter a year ago, actual revenue was $728.7M, up 19.90% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $1.04B in the next fiscal year. The high estimate is $1.09B and the low estimate is $943.7M. The average revenue growth estimate for next year is up 18.90% from the average revenue estimate for this year.
