Trading Day Review: Cava Group Inc (CAVA) Loses Momentum, Closing at 122.51

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The price of Cava Group Inc (NYSE: CAVA) closed at $122.51 in the last session, down -2.36% from day before closing price of $125.47. In other words, the price has decreased by -$2.36 from its previous closing price. On the day, 2.79 million shares were traded. CAVA stock price reached its highest trading level at $126.95 during the session, while it also had its lowest trading level at $121.61.

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 40.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1264.02. 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:

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 Sep 09 ’24 when SHAICH RONALD M sold 478,972 shares for $117.90 per share. The transaction valued at 56,470,799 led to the insider holds 0 shares of the business.

SHAICH RONALD M sold 466,631 shares of CAVA for $55,015,795 on Sep 09 ’24. The Director now owns 6,307 shares after completing the transaction at $117.90 per share. On Sep 06 ’24, another insider, Phillips Adam David, who serves as the Chief Accounting Officer of the company, sold 5,357 shares for $113.75 each. As a result, the insider received 609,359 and left with 11,401 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 14005466112 and an Enterprise Value of 14020802560. As of this moment, Cava’s Price-to-Earnings (P/E) ratio for their current fiscal year is 336.84, and their Forward P/E ratio for the next fiscal year is 238.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.57 while its Price-to-Book (P/B) ratio in mrq is 23.52. Its current Enterprise Value per Revenue stands at 16.588 whereas that against EBITDA is 159.672.

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 27.31%, while the 200-Day Moving Average is calculated to be 74.30%.

Shares Statistics:

According to the various share statistics, CAVA traded on average about 3.18M shares per day over the past 3-months and 2596980 shares per day over the past 10 days. A total of 113.58M shares are outstanding, with a floating share count of 96.07M. Insiders hold about 16.84% of the company’s shares, while institutions hold 69.03% stake in the company. Shares short for CAVA as of 1724976000 were 11729939 with a Short Ratio of 3.69, compared to 1722384000 on 9931225. Therefore, it implies a Short% of Shares Outstanding of 11729939 and a Short% of Float of 15.52.

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