In yesterday’s Wall Street session, Cava Group Inc (NYSE:CAVA) shares traded at $144.80, up 3.66% from the previous session.
CAVA stock price is now 8.70% away from the 50-day moving average and 55.58% away from the 200-day moving average. The market capitalization of the company currently stands at $16.59B.
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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, KOCHEVAR KAREN, Director sold 15,000 shares of the company’s stock on Nov 19 ’24. The stock was sold for $2,133,450 at an average price of $142.23. Upon completion of the transaction, the Director now directly owns 1,307 shares in the company, valued at $0.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Director Artal International S.C.A. sold 8,000,000 shares of the business’s stock. A total of $1,073,040,000 was realized by selling the stock at an average price of $134.13. This leaves the insider owning 9,507,990 shares of the company worth $1.38 billion. 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 $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 $16008272896, which is based on a 318.03 price-to-earnings ratio, a 7.59 price-to-earnings-growth ratio, and a beta of 3.16. The fifty day moving average price for CAVA is $132.8296 and a two-hundred day moving average price translates $92.6044 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.
