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The price of Cava Group Inc (NYSE: CAVA) closed at $94.86 in the last session, up 0.29% from day before closing price of $94.59. In other words, the price has increased by $0.29 from its previous closing price. On the day, 1.19 million shares were traded. CAVA stock price reached its highest trading level at $96.45 during the session, while it also had its lowest trading level at $94.03.
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 Jul 01 ’24 when Tolivar Tricia K. sold 5,949 shares for $94.47 per share. The transaction valued at 562,019 led to the insider holds 297,600 shares of the business.
Bosserman David sold 30,000 shares of CAVA for $2,760,873 on Jun 25 ’24. The Director now owns 117,270 shares after completing the transaction at $92.03 per share. On Jun 24 ’24, another insider, Xenohristos Theodoros, who serves as the Director of the company, sold 90,000 shares for $91.01 each. As a result, the insider received 8,190,900 and left with 424,846 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 10823537664 and an Enterprise Value of 10845208576. As of this moment, Cava’s Price-to-Earnings (P/E) ratio for their current fiscal year is 372.88, and their Forward P/E ratio for the next fiscal year is 208.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.79 while its Price-to-Book (P/B) ratio in mrq is 18.62. Its current Enterprise Value per Revenue stands at 13.822 whereas that against EBITDA is 143.184.
Stock Price History:
Over the past 52 weeks, CAVA has reached a high of $97.64, while it has fallen to a 52-week low of $29.05. The 50-Day Moving Average of the stock is 15.74%, while the 200-Day Moving Average is calculated to be 74.48%.
Shares Statistics:
According to the various share statistics, CAVA traded on average about 3.01M shares per day over the past 3-months and 2503920 shares per day over the past 10 days. A total of 113.58M shares are outstanding, with a floating share count of 92.99M. Insiders hold about 18.45% of the company’s shares, while institutions hold 69.46% stake in the company. Shares short for CAVA as of 1718323200 were 9827358 with a Short Ratio of 3.26, compared to 1715731200 on 11568609. Therefore, it implies a Short% of Shares Outstanding of 9827358 and a Short% of Float of 13.05.
