Cava Group Inc (CAVA)’s Day in Review: Closing at 113.97, Up by 1.83

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After finishing at $111.92 in the prior trading day, Cava Group Inc (NYSE: CAVA) closed at $113.97, up 1.83%. In other words, the price has increased by $1.83 from its previous closing price. On the day, 2.03 million shares were traded. CAVA stock price reached its highest trading level at $114.6689 during the session, while it also had its lowest trading level at $110.31.

Ratios:

Our goal is to gain a better understanding of CAVA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 37.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1175.91. For the most recent quarter (mrq), Quick Ratio is recorded 2.93 and its Current Ratio is at 2.99. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.54.

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 the company, Morgan Stanley on August 29, 2024, Downgraded its rating to Equal-Weight and sets its target price to $110 from $90 previously.

On August 23, 2024, Citigroup reiterated its Neutral rating and also lowered its target price recommendation from $93 to $115.

JP Morgan Downgraded its Overweight to Neutral on June 03, 2024, while the target price for the stock was maintained at $77.

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 Aug 28 ’24 when SHAICH RONALD M sold 55,273 shares for $118.95 per share. The transaction valued at 6,574,923 led to the insider holds 0 shares of the business.

SHAICH RONALD M sold 54,780 shares of CAVA for $6,516,278 on Aug 28 ’24. The Director now owns 6,307 shares after completing the transaction at $118.95 per share. On Aug 27 ’24, another insider, KOCHEVAR KAREN, who serves as the Director of the company, sold 20,000 shares for $118.37 each. As a result, the insider received 2,367,400 and left with 1,307 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 13029164032 and an Enterprise Value of 12810147840. As of this moment, Cava’s Price-to-Earnings (P/E) ratio for their current fiscal year is 313.36, and their Forward P/E ratio for the next fiscal year is 227.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.41 while its Price-to-Book (P/B) ratio in mrq is 21.88. Its current Enterprise Value per Revenue stands at 15.156 whereas that against EBITDA is 141.884.

Stock Price History:

Over the past 52 weeks, CAVA has reached a high of $128.18, while it has fallen to a 52-week low of $29.05. The 50-Day Moving Average of the stock is 23.13%, while the 200-Day Moving Average is calculated to be 69.33%.

Shares Statistics:

The stock has traded on average 3.33M shares per day over the past 3-months and 7117400 shares per day over the last 10 days, according to various share statistics. A total of 113.58M shares are outstanding, with a floating share count of 94.91M. Insiders hold about 16.98% of the company’s shares, while institutions hold 68.98% stake in the company. Shares short for CAVA as of 1723680000 were 10800340 with a Short Ratio of 3.24, compared to 1721001600 on 10477445. Therefore, it implies a Short% of Shares Outstanding of 10800340 and a Short% of Float of 14.29.

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