Cava Group Inc [CAVA] stock is trading at $77.92, down -5.65%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CAVA shares have lost -4.37% over the last week, with a monthly amount drifted -14.28%, and not 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 June 03, 2024, when JP Morgan downgraded its rating to a Neutral but kept the price target unchanged to $77 for it. Previously, Piper Sandler downgraded its rating to Neutral on May 30, 2024, and elevated its price target to $92. On April 15, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $58 on the stock. Argus upgraded its rating to a Buy but stick to its price target of $70 on April 10, 2024. Argus initiated its recommendation with a Hold. Wedbush upgraded its rating to Outperform for this stock on December 21, 2023, and upped its price target to $48. In a note dated December 13, 2023, TD Cowen initiated an Outperform rating and provided a target price of $46 on this stock.
Cava Group Inc [CAVA] stock has fluctuated between $29.05 and $98.69 over the past year. Currently, Wall Street analysts expect the stock to reach $87 within the next 12 months. Cava Group Inc [NYSE: CAVA] shares were valued at $77.92 at the most recent close of the market. An investor can expect a potential return of 11.65% based on the average CAVA price forecast.
Analyzing the CAVA fundamentals
Cava Group Inc [NYSE:CAVA] reported sales of 784.62M for the trailing twelve months, which represents a growth of 27.54%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.
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 76.45 points at the first support level, and at 74.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.71, and for the 2nd resistance point, it is at 83.50.
Ratios To Look Out For
For context, Cava Group Inc’s Current Ratio is 3.16. As well, the Quick Ratio is 3.11, while the Cash Ratio is 2.96. Considering the valuation of this stock, the price to sales ratio is 11.32, the price to book ratio is 15.30 and price to earnings (TTM) ratio is 306.29.
Transactions by insiders
Recent insider trading involved Tolivar Tricia K., Chief Financial Officer, that happened on Jul 01 ’24 when 5949.0 shares were sold. Director, Bosserman David completed a deal on Jun 25 ’24 to sell 30000.0 shares. Meanwhile, Director Xenohristos Theodoros sold 90000.0 shares on Jun 24 ’24.
