After finishing at $63.75 in the prior trading day, Cava Group Inc (NYSE: CAVA) closed at $61.75, down -3.14%. On the day, 2166970 shares were traded.
Ratios:
Our goal is to gain a better understanding of CAVA by taking a closer look at its different 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
As of this moment, Cava’s Price-to-Earnings (P/E) ratio for their current fiscal year is 528.23, and their Forward P/E ratio for the next fiscal year is 194.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.63 while its Price-to-Book (P/B) ratio in mrq is 12.29.
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.
Shares Statistics:
A total of 113.58M shares are outstanding, with a floating share count of 87.45M. Insiders hold about 23.03% of the company’s shares, while institutions hold 65.56% stake in the company.
Earnings Estimates
Its stock is currently analyzed by Cassava Sciences, Inc. different market analysts. The consensus estimate for the next quarter is $61.75, with high estimates of $30.60 and low estimates of $53.67.
Analysts are recommending an EPS of between $Technology and $Basic Materials for the fiscal current year, implying an average EPS of $Consumer Cyclical.
