In Thursday’s Wall Street session, Cava Group Inc (NYSE:CAVA) shares traded at $84.66, up 4.52% from the previous session.
CAVA stock price is now -23.65% away from the 50-day moving average and -25.27% away from the 200-day moving average. The market capitalization of the company currently stands at $9.79B.
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With the price target maintained at $110, JP Morgan recently Upgraded its rating from Neutral to Overweight for Cava Group Inc (NYSE: CAVA). On February 28, 2025, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock reducing its target price from $142 to quote $115, while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, Bertram Kenneth Robert, CLO & Secretary sold 678 shares of the company’s stock on Jan 27 ’25. The stock was sold for $84,339 at an average price of $124.39. Upon completion of the transaction, the CLO & Secretary now directly owns 57,312 shares in the company, valued at $4.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 27 ’25, Chief Financial Officer Tolivar Tricia K. sold 1,505 shares of the business’s stock. A total of $187,212 was realized by selling the stock at an average price of $124.39. This leaves the insider owning 234,087 shares of the company worth $19.82 million. A total of 14.49% of the company’s stock is owned by insiders.
During the past 12 months, Cava Group Inc has had a low of $58.22 and a high of $172.43. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 2.97, and a quick ratio of 2.91. According to the stock market information, the enterprise value for the company is $9798825984, which is based on a 76.94 price-to-earnings ratio, a 2.55 price-to-earnings-growth ratio, and a beta of 3.59. The fifty day moving average price for CAVA is $110.8852 and a two-hundred day moving average price translates $113.2881 for the stock.
The latest earnings results from Cava Group Inc (NYSE: CAVA) was released for 2024-12-29. The net profit margin was 13.52% and return on equity was 20.58% for CAVA. The company reported revenue of $227.4 million for the quarter, compared to $177.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.35 percent.
