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In other words, the price has increased by $0.00 from its previous closing price. On the day, 2.73 million shares were traded. CAVA stock price reached its highest trading level at $86.73 during the session, while it also had its lowest trading level at $84.13.
Ratios:
We take a closer look at CAVA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.11 and its Current Ratio is at 3.16. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.54.
On May 30, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also upped its target price recommendation from $63 to $92.
On April 15, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $58.Barclays initiated its Equal Weight rating on April 15, 2024, with a $58 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 05 ’24 when Artal International S.C.A. sold 3,000,000 shares for $87.25 per share. The transaction valued at 261,750,000 led to the insider holds 23,507,990 shares of the business.
SHAICH RONALD M sold 1,318,311 shares of CAVA for $115,022,635 on Jun 05 ’24. The Director now owns 0 shares after completing the transaction at $87.25 per share. On Jun 05 ’24, another insider, SHAICH RONALD M, who serves as the Director of the company, sold 1,231,979 shares for $87.25 each. As a result, the insider received 107,490,168 and left with 5,000 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 9696941056 and an Enterprise Value of 9718609920. As of this moment, Cava’s Price-to-Earnings (P/E) ratio for their current fiscal year is 334.28, and their Forward P/E ratio for the next fiscal year is 194.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.36 while its Price-to-Book (P/B) ratio in mrq is 16.69. Its current Enterprise Value per Revenue stands at 12.386 whereas that against EBITDA is 128.31.
Stock Price History:
Over the past 52 weeks, CAVA has reached a high of $96.93, while it has fallen to a 52-week low of $29.05. The 50-Day Moving Average of the stock is 17.11%, while the 200-Day Moving Average is calculated to be 69.84%.
Shares Statistics:
According to the various share statistics, CAVA traded on average about 2.98M shares per day over the past 3-months and 6528240 shares per day over the past 10 days. A total of 113.58M shares are outstanding, with a floating share count of 90.47M. Insiders hold about 20.66% of the company’s shares, while institutions hold 72.08% stake in the company. Shares short for CAVA as of 1715731200 were 11568609 with a Short Ratio of 3.89, compared to 1713139200 on 11426278. Therefore, it implies a Short% of Shares Outstanding of 11568609 and a Short% of Float of 15.370000000000001.
