Cava Group Inc (CAVA) concluded trading on Wednesday at a closing price of $67.45, with 3.8 million shares of worth about $256.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 117.02% during that period and on May 01, 2024 the price saw a loss of about -6.24%. Currently the company’s common shares owned by public are about 113.58M shares, out of which, 87.75M shares are available for trading.
Stock saw a price change of 11.65% in past 5 days and over the past one month there was a price change of 2.59%. Over the period of past 52 weeks, stock dropped to lowest price of $29.05 but also hit the highest price of $74.58 during that period. The average intraday trading volume for Cava Group Inc shares is 2.48 million. The stock is currently trading 5.67% above its 20-day simple moving average (SMA20), while that difference is up 7.96% for SMA50 and it goes to 46.10% higher than SMA200.
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Cava Group Inc (NYSE: CAVA) currently have 113.58M outstanding shares and institutions hold larger chunk of about 66.02% of that.
The stock has a current market capitalization of $7.69B. PE ratio of stock for trailing 12 months is 576.99, while it has posted earnings per share of $0.12 in the same period. Its PEG reads 17.97 and has Quick Ratio of 3.20 while making debt-to-equity ratio of 0.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CAVA, volatility over the week remained 7.50% while standing at 5.71% over the month.
Analysts are in expectations that Cava Group Inc (CAVA) stock would likely to be making an EPS of $0.03 in the current quarter, while forecast for next quarter EPS is $0.11 and it is $0.32 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is $0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$ in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 13.34% while it is estimated to increase by 35.37% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on April 15, 2024 offering an Equal weight rating for the stock and assigned a target price of $58 to it. Coverage by Argus stated Cava Group Inc (CAVA) stock as a Buy in their note to investors on April 10, 2024, suggesting a price target of $70 for the stock. On January 29, 2024, Argus Initiated their recommendations, while on December 21, 2023, Wedbush Upgrade their ratings for the stock with a price target of $48. Stock get an Outperform rating from TD Cowen on December 13, 2023.
