Cava Group Inc (CAVA) concluded trading on Thursday at a closing price of $125.47, with 3.08 million shares of worth about $386.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 91.73% during that period and on September 12, 2024 the price saw a gain of about 3.48%. Currently the company’s common shares owned by public are about 113.58M shares, out of which, 95.07M shares are available for trading.
Stock saw a price change of 7.51% in past 5 days and over the past one month there was a price change of 32.84%. Year-to-date (YTD), CAVA shares are showing a performance of 191.93% which increased to 248.62% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.05 but also hit the highest price of $128.18 during that period. The average intraday trading volume for Cava Group Inc shares is 3.18 million. The stock is currently trading 12.82% above its 20-day simple moving average (SMA20), while that difference is up 31.23% for SMA50 and it goes to 79.67% 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 69.03% of that.
The stock has a current market capitalization of $14.34B and its 3Y-monthly beta is at 3.24. PE ratio of stock for trailing 12 months is 344.98, while it has posted earnings per share of $0.36 in the same period. Its PEG reads 8.23 and has Quick Ratio of 2.93 while making debt-to-equity ratio of 0.60. 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 3.94% while standing at 4.52% over the month.
Stock’s fiscal year EPS is expected to rise by 99.61% while it is estimated to increase by 22.49% 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 Morgan Stanley on August 29, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $90 and $110 to it. Coverage by Citigroup stated Cava Group Inc (CAVA) stock as a Neutral in their note to investors on August 23, 2024, suggesting a price target of $115 for the stock. On June 03, 2024, JP Morgan Downgrade their recommendations, while on May 30, 2024, Piper Sandler Downgrade their ratings for the stock with a price target of $92. Stock get an Equal weight rating from Barclays on April 15, 2024.
