The stock of Cava Group Inc (CAVA) has gone up by 6.96% for the week, with a 16.78% rise in the past month and a 53.77% rise in the past quarter. The volatility ratio for the week is 5.61%, and the volatility levels for the past 30 days are 5.51% for CAVA. The simple moving average for the past 20 days is 17.08% for CAVA’s stock, with a 62.47% simple moving average for the past 200 days.
Is It Worth Investing in Cava Group Inc (NYSE: CAVA) Right Now?
Cava Group Inc (NYSE: CAVA) has a price-to-earnings ratio of 645.85x that is above its average ratio. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CAVA is 87.75M and currently, short sellers hold a 13.02% ratio of that float. The average trading volume of CAVA on May 06, 2024 was 2.52M shares.
CAVA) stock’s latest price update
Cava Group Inc (NYSE: CAVA)’s stock price has soared by 4.61 in relation to previous closing price of 72.17. Nevertheless, the company has seen a gain of 6.96% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-06 that Stocks like CAVA Group, Inc. (CAVA), Chipotle Mexican Grill, Inc. (CMG), Brinker International, Inc. (EAT) and Wingstop Inc. (WING) are expected to benefit from the steady growth in restaurant sales.
Analysts’ Opinion of CAVA
Many brokerage firms have already submitted their reports for CAVA stocks, with Barclays repeating the rating for CAVA by listing it as a “Equal Weight.” The predicted price for CAVA in the upcoming period, according to Barclays is $58 based on the research report published on April 15, 2024 of the current year 2024.
Argus, on the other hand, stated in their research note that they expect to see CAVA reach a price target of $70. The rating they have provided for CAVA stocks is “Buy” according to the report published on April 10th, 2024.
CAVA Trading at 18.75% from the 50-Day Moving Average
After a stumble in the market that brought CAVA to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.23% of gains for the given period.
Volatility was left at 5.51%, however, over the last 30 days, the volatility rate increased by 5.61%, as shares surge +17.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.02% upper at present.
During the last 5 trading sessions, CAVA rose by +7.66%, which changed the moving average for the period of 200-days by +53.35% in comparison to the 20-day moving average, which settled at $65.04. In addition, Cava Group Inc saw 75.66% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CAVA starting from Xenohristos Theodoros, who sale 47,239 shares at the price of $68.29 back on Mar 26 ’24. After this action, Xenohristos Theodoros now owns 526,521 shares of Cava Group Inc, valued at $3,225,851 using the latest closing price.
Artal International S.C.A., the Director of Cava Group Inc, sale 2,000,000 shares at $66.25 during a trade that took place back on Mar 21 ’24, which means that Artal International S.C.A. is holding 26,507,990 shares at $132,500,000 based on the most recent closing price.
Stock Fundamentals for CAVA
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.23 for the gross margin
The net margin for Cava Group Inc stands at 0.07. The total capital return value is set at 0.03. Equity return is now at value 3.39, with 1.55 for asset returns.
Based on Cava Group Inc (CAVA), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02.
Currently, EBITDA for the company is 78.86 million with net debt to EBITDA at 2.72. When we switch over and look at the enterprise to sales, we see a ratio of 10.42. The receivables turnover for the company is 30.15for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.25.
Conclusion
In conclusion, Cava Group Inc (CAVA) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
