At the time of writing, Cava Group Inc [CAVA] stock is trading at $74.16, down -0.11%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CAVA shares have gain 9.95% over the last week, with a monthly amount glided 23.03%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cava Group Inc [NYSE: CAVA] stock has seen the most recent analyst activity on April 15, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $58. Previously, Argus upgraded its rating to Buy on April 10, 2024, and kept the price target unchanged to $70. On January 29, 2024, Argus initiated with a Hold rating. Wedbush upgraded its rating to a Outperform and increased its price target to $48 on December 21, 2023. TD Cowen initiated its recommendation with a Outperform and recommended $46 as its price target on December 13, 2023. In a note dated October 11, 2023, Morgan Stanley upgraded an Overweight rating on this stock and revised its target price from $45 to $41.
For the past year, the stock price of Cava Group Inc fluctuated between $29.05 and $77.14. Currently, Wall Street analysts expect the stock to reach $56.33 within the next 12 months. Cava Group Inc [NYSE: CAVA] shares were valued at $74.16 at the most recent close of the market. An investor can expect a potential drop of -24.04% based on the average CAVA price forecast.
Analyzing the CAVA fundamentals
According to Cava Group Inc [NYSE:CAVA], the company’s sales were 728.70M for trailing twelve months, which represents an 36.35% jump. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 72.70 points at the first support level, and at 71.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.49, and for the 2nd resistance point, it is at 76.82.
Cava Group Inc [CAVA] reported earnings per share of $0.02 for its fiscal quarter that ended on 12/31/2023. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.06 per share as compared to estimates of -$0.01 per share, a difference of $0.07 representing a surprise of 700.00%.
Ratios To Look Out For
It is important to note that Cava Group Inc [NYSE:CAVA] has a current ratio of 3.25. In addition, the Quick Ratio stands at 3.20 and the Cash Ratio stands at 3.05. Considering the valuation of this stock, the price to sales ratio is 11.60, the price to book ratio is 14.76 and price to earnings (TTM) ratio is 634.39.
Transactions by insiders
Recent insider trading involved Xenohristos Theodoros, Director, that happened on Mar 26 ’24 when 47239.0 shares were sold. Director, Artal International S.C.A. completed a deal on Mar 21 ’24 to sell 2.0 million shares. Meanwhile, Former 10% Owner SHAICH RONALD M sold 1.5 million shares on Mar 04 ’24.
