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The price of Cava Group Inc (NYSE: CAVA) closed at $74.31 in the last session, up 2.97% from day before closing price of $72.17. In other words, the price has increased by $2.97 from its previous closing price. On the day, 3.09 million shares were traded. CAVA stock price reached its highest trading level at $77.14 during the session, while it also had its lowest trading level at $73.1686.
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 3.20 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:
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 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 8472082944 and an Enterprise Value of 8475276288. As of this moment, Cava’s Price-to-Earnings (P/E) ratio for their current fiscal year is 635.67, and their Forward P/E ratio for the next fiscal year is 230.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 19.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.63 while its Price-to-Book (P/B) ratio in mrq is 14.79. Its current Enterprise Value per Revenue stands at 11.631 whereas that against EBITDA is 134.236.
Stock Price History:
Over the past 52 weeks, CAVA has reached a high of $74.58, while it has fallen to a 52-week low of $29.05. The 50-Day Moving Average of the stock is 16.88%, while the 200-Day Moving Average is calculated to be 59.91%.
Shares Statistics:
According to the various share statistics, CAVA traded on average about 2.52M shares per day over the past 3-months and 2622020 shares per day over the past 10 days. A total of 113.58M shares are outstanding, with a floating share count of 87.75M. Insiders hold about 23.03% of the company’s shares, while institutions hold 65.30% stake in the company. Shares short for CAVA as of 1713139200 were 11426278 with a Short Ratio of 4.53, compared to 1710460800 on 10858560. Therefore, it implies a Short% of Shares Outstanding of 11426278 and a Short% of Float of 10.3999995.
