In yesterday’s Wall Street session, Cava Group Inc (NYSE:CAVA) shares traded at $127.39, down -3.91% from the previous session.
CAVA stock price is now -7.18% away from the 50-day moving average and 29.40% away from the 200-day moving average. The market capitalization of the company currently stands at $14.60B.
With the price target of $145, Bernstein recently initiated with Mkt Perform rating for Cava Group Inc (NYSE: CAVA). On September 27, 2024, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $135, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Ronald M Shaich, Officer bought 379,583 shares of the company’s stock on Dec 09 ’24. The stock was bought for $57,271,483 at an average price of $150.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09 ’24, Officer Ronald M Shaich bought 365,089 shares of the business’s stock. A total of $55,084,625 was incurred on buying the stock at an average price of $150.88. A total of 15.90% of the company’s stock is owned by insiders.
During the past 12 months, Cava Group Inc has had a low of $31.47 and a high of $172.43. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 2.93, and a quick ratio of 2.87. According to the stock market information, the enterprise value for the company is $15192465408, which is based on a 279.79 price-to-earnings ratio, a 9.33 price-to-earnings-growth ratio, and a beta of 3.03. The fifty day moving average price for CAVA is $137.1728 and a two-hundred day moving average price translates $98.06095 for the stock.
The latest earnings results from Cava Group Inc (NYSE: CAVA) was released for 2024-10-06. The net profit margin was 5.88% and return on equity was 9.09% for CAVA. The company reported revenue of $243.82 million for the quarter, compared to $175.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.89 percent.
