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The closing price of Cava Group Inc (NYSE: CAVA) was $82.67 for the day, up 3.49% from the previous closing price of $79.88. In other words, the price has increased by $3.49 from its previous closing price. On the day, 1.59 million shares were traded. CAVA stock price reached its highest trading level at $84.19 during the session, while it also had its lowest trading level at $79.0.
Ratios:
Our analysis of CAVA’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 9426694144 and an Enterprise Value of 9448363008. As of this moment, Cava’s Price-to-Earnings (P/E) ratio for their current fiscal year is 324.96, and their Forward P/E ratio for the next fiscal year is 176.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.01 while its Price-to-Book (P/B) ratio in mrq is 16.23. Its current Enterprise Value per Revenue stands at 12.042 whereas that against EBITDA is 124.742.
Stock Price History:
Over the past 52 weeks, CAVA has reached a high of $98.69, while it has fallen to a 52-week low of $29.05. The 50-Day Moving Average of the stock is -5.41%, while the 200-Day Moving Average is calculated to be 36.95%.
Shares Statistics:
CAVA traded an average of 3.04M shares per day over the past three months and 2006870 shares per day over the past ten 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 76.36% stake in the company. Shares short for CAVA as of 1721001600 were 10477445 with a Short Ratio of 3.45, compared to 1718323200 on 9827358. Therefore, it implies a Short% of Shares Outstanding of 10477445 and a Short% of Float of 13.919999999999998.
Earnings Estimates
The current rating of Cava Group Inc (CAVA) is the result of assessments by 12.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $0.09, with high estimates of $0.15 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.46 and $0.25 for the fiscal current year, implying an average EPS of $0.34. EPS for the following year is $0.45, with 13.0 analysts recommending between $0.57 and $0.3.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. It ranges from a high estimate of $225.35M to a low estimate of $204.9M. As of the current estimate, Cava Group Inc’s year-ago sales were $172.89MFor the next quarter, 12 analysts are estimating revenue of $220.76M. There is a high estimate of $226.43M for the next quarter, whereas the lowest estimate is $208.4M.
A total of 13 analysts have provided revenue estimates for CAVA’s current fiscal year. The highest revenue estimate was $915.57M, while the lowest revenue estimate was $866.2M, resulting in an average revenue estimate of $902.44M. In the same quarter a year ago, actual revenue was $728.7MBased on 13 analysts’ estimates, the company’s revenue will be $1.08B in the next fiscal year. The high estimate is $1.12B and the low estimate is $985.2M.
