Could Cava Group Inc (NYSE: CAVA) Be A Life-Changing Stock?

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In the last trading session, 4.83 million shares of the Cava Group Inc (NYSE:CAVA) were traded. Most recently the company’s share price was $88.00, and it changed around -$4.55 or -4.92% from the last close, which brings the market valuation of the company to $10.03B. CAVA currently trades at a discount to its 52-week high of $96.93, offering almost -10.15% off that amount. The share price’s 52-week low was $29.05, which indicates that the current value has risen by an impressive 66.99% since then. We note from Cava Group Inc’s average daily trading volume that its 3-month average coming to 2.85 million.

Cava Group Inc (NYSE:CAVA) trade information

Instantly CAVA has showed a red trend with a performance of -4.92% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 104.75% year-to-date, but still up 6.11% over the last five days. On the other hand, Cava Group Inc (NYSE:CAVA) is 29.03% up in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $82.63, which translates to bulls needing to decrease their stock price by -6.5% from its current value. Analyst projections state that CAVA is forecast to be at a low of $58 and a high of $94.

Cava Group Inc (CAVA) estimates and forecasts

Cava Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 158.75 percent over the past six months and at a 61.90% annual growth rate that is well above the industry average of 8.20%.

Cava Group Inc earnings are expected to increase by 57.76% in 2024, but the outlook is positive 38.10% per year for the next five years.

CAVA Dividends

Cava Group Inc’s next quarterly earnings report is expected to be released in July.