Cava Group Inc (NYSE:CAVA) shares traded 5.66% higher at $63.69 on Wall Street last session.
CAVA stock price is now 8.51% away from the 50-day moving average and 42.72% away from the 200-day moving average. The market capitalization of the company currently stands at $7.24B.
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With the price target maintained at $70, Argus recently Upgraded its rating from Hold to Buy for Cava Group Inc (NYSE: CAVA). , while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Xenohristos Theodoros, Director sold 47,239 shares of the company’s stock on Mar 26 ’24. The stock was sold for $3,225,851 at an average price of $68.29. Upon completion of the transaction, the Director now directly owns 526,521 shares in the company, valued at $33.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’24, Director Artal International S.C.A. sold 2,000,000 shares of the business’s stock. A total of $132,500,000 was realized by selling the stock at an average price of $66.25. This leaves the insider owning 26,507,990 shares of the company worth $1.69 billion. A total of 23.03% of the company’s stock is owned by insiders.
During the past 12 months, Cava Group Inc has had a low of $29.05 and a high of $71.60. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 3.25, and a quick ratio of 3.20. The fifty day moving average price for CAVA is $59.01 and a two-hundred day moving average price translates $44.74 for the stock.
The latest earnings results from Cava Group Inc (NYSE: CAVA) was released for Dec, 2023. According to the Restaurants Company, earnings per share came in at $0.02, beating analysts’ expectations of $0 by 0.02. This compares to -$13.82 EPS in the same period last year. The net profit margin was 1.82% and return on equity was 3.39% for CAVA. The company reported revenue of $177.17 million for the quarter, compared to $129.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.35 percent. For the current quarter, analysts expect CAVA to generate $243.03M in revenue.
Cava Group Inc(CAVA) Company Profile
CAVA Group, Inc. owns and operates a chain of restaurants under the CAVA brand in the United States. The company also offers dips, spreads, and dressings through grocery stores. In addition, the company provides online and mobile ordering platforms. Cava Group, Inc. was founded in 2006 and is headquartered in Washington, the District of Columbia.
