The stock of Cava Group Inc (NYSE:CAVA) last traded at $79.99, down -1.83% from the previous session.
CAVA stock price is now -7.42% away from the 50-day moving average and 39.90% away from the 200-day moving average. The market capitalization of the company currently stands at $9.12B.
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With the price target maintained at $77, JP Morgan recently Downgraded its rating from Overweight to Neutral for Cava Group Inc (NYSE: CAVA). On May 30, 2024, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock increasing its target price from $63 to quote $92, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Tolivar Tricia K., Chief Financial Officer sold 5,949 shares of the company’s stock on Jul 01 ’24. The stock was sold for $562,019 at an average price of $94.47. Upon completion of the transaction, the Chief Financial Officer now directly owns 297,600 shares in the company, valued at $23.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 25 ’24, Director Bosserman David sold 30,000 shares of the business’s stock. A total of $2,760,873 was realized by selling the stock at an average price of $92.03. This leaves the insider owning 117,270 shares of the company worth $9.38 million. A total of 18.45% 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 $98.69. 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. According to the stock market information, the enterprise value for the company is $9142767616, which is based on a 314.43 price-to-earnings ratio, a 8.25 price-to-earnings-growth ratio, and a beta of 3.19. The fifty day moving average price for CAVA is $87.4994 and a two-hundred day moving average price translates $58.8099 for the stock.
The latest earnings results from Cava Group Inc (NYSE: CAVA) was released for 2024-04-21. The net profit margin was 3.75% and return on equity was 7.43% for CAVA. The company reported revenue of $259.01 million for the quarter, compared to $203.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.54 percent.
