Market Highlights: Cava Group Inc (CAVA) Ends on a Low Note at 118.10

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The price of Cava Group Inc (NYSE: CAVA) closed at $118.10 in the last session, down -6.12% from day before closing price of $125.80. In other words, the price has decreased by -$6.12 from its previous closing price. On the day, 12.31 million shares were traded. CAVA stock price reached its highest trading level at $120.2 during the session, while it also had its lowest trading level at $113.9.

Ratios:

We take a closer look at CAVA’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1215.43. 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 this company, Citigroup on August 23, 2024, Reiterated its Neutral rating but revised its target price to $115 from $93 previously.

On June 03, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $77.

Piper Sandler Downgraded its Overweight to Neutral on May 30, 2024, whereas the target price for the stock was revised from $63 to $92.

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 Aug 27 ’24 when KAREN ANN KOCHEVAR bought 20,000 shares for $118.37 per share.

Artal International S.C.A. bought 6,000,000 shares of CAVA for $732,000,000 on Aug 26 ’24. On Aug 26 ’24, another insider, THEODOROS J XENOHRISTOS, who serves as the Officer of the company, bought 98,490 shares for $125.77 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 13501309952 and an Enterprise Value of 13516648448. As of this moment, Cava’s Price-to-Earnings (P/E) ratio for their current fiscal year is 324.72, and their Forward P/E ratio for the next fiscal year is 235.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.93 while its Price-to-Book (P/B) ratio in mrq is 22.67. Its current Enterprise Value per Revenue stands at 15.992 whereas that against EBITDA is 149.709.

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 30.68%, while the 200-Day Moving Average is calculated to be 81.06%.

Shares Statistics:

According to the various share statistics, CAVA traded on average about 3.58M shares per day over the past 3-months and 6327280 shares per day over the past 10 days. A total of 113.58M shares are outstanding, with a floating share count of 94.47M. Insiders hold about 17.15% of the company’s shares, while institutions hold 74.45% stake in the company. Shares short for CAVA as of 1722384000 were 9931225 with a Short Ratio of 3.02, compared to 1719532800 on 10377852. Therefore, it implies a Short% of Shares Outstanding of 9931225 and a Short% of Float of 13.19.

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