In yesterday’s Wall Street session, Cava Group Inc (NYSE:CAVA) shares traded at $147.30, up 1.57% from the previous session.
CAVA stock price is now 12.66% away from the 50-day moving average and 63.05% away from the 200-day moving average. The market capitalization of the company currently stands at $16.84B.
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With the price target of $135, UBS recently initiated with Neutral rating for Cava Group Inc (NYSE: CAVA). On August 29, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $90 to quote $110, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, WHITE JAMES D, Director sold 1,000 shares of the company’s stock on Sep 16 ’24. The stock was sold for $122,450 at an average price of $122.45. Upon completion of the transaction, the Director now directly owns 3,807 shares in the company, valued at $0.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Director JAMES WHITE bought 1,000 shares of the business’s stock. A total of $122,449 was incurred on buying the stock at an average price of $122.45. A total of 15.95% of the company’s stock is owned by insiders.
During the past 12 months, Cava Group Inc has had a low of $30.00 and a high of $151.56. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 2.99, and a quick ratio of 2.93. The fifty day moving average price for CAVA is $130.0832 and a two-hundred day moving average price translates $89.84205 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 $233.5 million for the quarter, compared to $172.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.05 percent.
