At the time of writing, Cava Group Inc [CAVA] stock is trading at $122.00, up 19.63%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CAVA shares have gain 23.28% over the last week, with a monthly amount glided 55.95%, 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 August 23, 2024, when Citigroup reiterated its Neutral rating and also boosted its price target to $115 from $93. Previously, JP Morgan downgraded its rating to Neutral on June 03, 2024, and kept the price target unchanged to $77. On May 30, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $92 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $58 on April 15, 2024. Argus upgraded its rating to a Buy but $70 remained the price target by the analyst firm on April 10, 2024. In a note dated December 21, 2023, Wedbush upgraded an Outperform rating on this stock and boosted its target price from $35 to $48.
For the past year, the stock price of Cava Group Inc fluctuated between $29.05 and $104.84. Currently, Wall Street analysts expect the stock to reach $99.2 within the next 12 months. Cava Group Inc [NYSE: CAVA] shares were valued at $122.00 at the most recent close of the market. An investor can expect a potential drop of -18.69% based on the average CAVA price forecast.
Analyzing the CAVA fundamentals
According to Cava Group Inc [NYSE:CAVA], the company’s sales were 845.22M for trailing twelve months, which represents an 35.05% jump. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.05. 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 112.71 points at the first support level, and at 103.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 128.58, and for the 2nd resistance point, it is at 135.16.
Ratios To Look Out For
It is important to note that Cava Group Inc [NYSE:CAVA] has a current ratio of 2.99. Further, the Quick Ratio stands at 2.93, while the Cash Ratio is 2.78. Considering the valuation of this stock, the price to sales ratio is 16.46, the price to book ratio is 23.42 and price to earnings (TTM) ratio is 335.44.
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.
