Cava Group Inc (CAVA): Street Finally Waking Up

Currently, there are 113.58M common shares owned by the public and among those 96.09M shares have been available to trade.

The company’s stock has a 5-day price change of -2.61% and 37.31% over the past three months. CAVA shares are trading 228.64% year to date (YTD), with the 12-month market performance up to 313.98% higher. It has a 12-month low price of $31.47 and touched a high of $172.43 over the same period. CAVA has an average intraday trading volume of 3.30 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.72%, 6.64%, and 53.27% respectively.

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Institutional ownership of Cava Group Inc (NYSE: CAVA) shares accounts for 73.54% of the company’s 113.58M shares outstanding.

It has a market capitalization of $16.18B and a beta (3y monthly) value of 3.17. The stock’s trailing 12-month PE ratio is 310.24, while the earnings-per-share (ttm) stands at $0.46. The company has a PEG of 7.40 and a Quick Ratio of 2.87 with the debt-to-equity ratio at 0.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.60% over the week and 4.41% over the month.

Earnings per share for the fiscal year are expected to increase by 140.26%, and 25.12% over the next financial year.

Looking at the support for the CAVA, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on September 27, 2024, with the firm’s price target at $135. Morgan Stanley coverage for the Cava Group Inc (CAVA) stock in a research note released on August 29, 2024 offered a Equal-Weight rating with a price target of $110. Citigroup was of a view on August 23, 2024 that the stock is Neutral, while JP Morgan gave the stock Neutral rating on June 03, 2024, issuing a price target of $77. Piper Sandler on their part issued Neutral rating on May 30, 2024.

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