Cava Group Inc (CAVA) stock price forecast predicts $113.7 value

Cava Group Inc [CAVA] stock prices are down -0.04% to $136.27 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CAVA shares have gain 1.76% over the last week, with a monthly amount glided 6.24%, 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 September 27, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $135. Previously, Morgan Stanley downgraded its rating to Equal-Weight on August 29, 2024, and elevated its price target to $110. On August 23, 2024, Citigroup reiterated its Neutral rating and revised its price target to $115 on the stock. JP Morgan downgraded its rating to a Neutral but stick to its price target of $77 on June 03, 2024. Piper Sandler downgraded its rating to a Neutral and raised its price target to $92 on May 30, 2024. Barclays started tracking with a Equal Weight rating for this stock on April 15, 2024, and assigned it a price target of $58. In a note dated April 10, 2024, Argus upgraded an Buy rating on this stock but restated the target price of $70.

The stock price of Cava Group Inc [CAVA] has been fluctuating between $29.66 and $136.96 over the past year. Currently, Wall Street analysts expect the stock to reach $113.7 within the next 12 months. Cava Group Inc [NYSE: CAVA] shares were valued at $136.27 at the most recent close of the market. An investor can expect a potential drop of -16.56% based on the average CAVA price forecast.

Analyzing the CAVA fundamentals

The Cava Group Inc [NYSE:CAVA] reported sales of 845.22M for trailing twelve months, representing a surge of 35.05%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.6.

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 135.23 points at the first support level, and at 134.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 136.87, and for the 2nd resistance point, it is at 137.46.

Ratios To Look Out For

It’s worth pointing out that Cava Group Inc [NYSE:CAVA]’s Current Ratio is 2.99. As well, the Quick Ratio is 2.93, while the Cash Ratio is 2.78. Considering the valuation of this stock, the price to sales ratio is 18.43, the price to book ratio is 26.16 and price to earnings (TTM) ratio is 374.68.

Transactions by insiders

Recent insider trading involved WHITE JAMES D, Director, that happened on Sep 16 ’24 when 1000.0 shares were sold. Director, JAMES WHITE completed a deal on Sep 16 ’24 to buy 1000.0 shares. Meanwhile, Director SHAICH RONALD M sold 0.48 million shares on Sep 09 ’24.

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