Cava Group Inc (CAVA)’s Market Momentum: Closing Strong at 119.73, Down -0.30

Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

As of close of business last night, Cava Group Inc’s stock clocked out at $119.73, down -0.30% from its previous closing price of $120.09. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 2.1 million shares were traded. CAVA stock price reached its highest trading level at $122.27 during the session, while it also had its lowest trading level at $118.4101.

Ratios:

To gain a deeper understanding of CAVA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1235.34. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 06 ’24 when Phillips Adam David sold 5,357 shares for $113.75 per share. The transaction valued at 609,359 led to the insider holds 11,401 shares of the business.

SC 2018 TRUST LLC bought 235,515 shares of CAVA for $27,767,218 on Sep 09 ’24. On Sep 09 ’24, another insider, RONALD M. SHAICH, who serves as the Director of the company, bought 466,631 shares for $117.90 each.

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 13687653376 and an Enterprise Value of 13702990848. As of this moment, Cava’s Price-to-Earnings (P/E) ratio for their current fiscal year is 329.20, and their Forward P/E ratio for the next fiscal year is 239.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.19 while its Price-to-Book (P/B) ratio in mrq is 22.98. Its current Enterprise Value per Revenue stands at 16.212 whereas that against EBITDA is 151.773.

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 26.63%, while the 200-Day Moving Average is calculated to be 73.62%.

Shares Statistics:

It appears that CAVA traded 3.21M shares on average per day over the past three months and 4039850 shares per day over the past ten days. A total of 113.58M shares are outstanding, with a floating share count of 95.02M. Insiders hold about 16.88% of the company’s shares, while institutions hold 69.01% stake in the company. Shares short for CAVA as of 1723680000 were 10800340 with a Short Ratio of 3.37, compared to 1721001600 on 10477445. Therefore, it implies a Short% of Shares Outstanding of 10800340 and a Short% of Float of 14.29.

Most Popular