Cava Group Inc (NYSE:CAVA) shares traded 6.99% higher at $88.16 on Wall Street last session.
CAVA stock price is now 26.99% away from the 50-day moving average and 81.70% away from the 200-day moving average. The market capitalization of the company currently stands at $10.05B.
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With the price target of $58, Barclays recently initiated with Equal Weight rating for Cava Group Inc (NYSE: CAVA). On April 10, 2024, Argus Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $70, 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 $46.42 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 $2.34 billion. A total of 20.66% 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 $86.25. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 3.16, and a quick ratio of 3.11. The fifty day moving average price for CAVA is $69.4236 and a two-hundred day moving average price translates $48.5191 for the stock.
The latest earnings results from Cava Group Inc (NYSE: CAVA) was released for 2024-04-14. According to the Restaurants Company, earnings per share came in at 0.21, beating analysts’ expectations of -0.02 by 0.23. This compares to -$13.82 EPS in the same period last year. The net profit margin was 3.75% and return on equity was 7.43% 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 $213.31M in revenue.
