In today’s recent session, 0.45 million shares of the Cava Group Inc (NYSE:CAVA) have been traded, and its beta is 3.24. Most recently the company’s share price was $92.69, and it changed around $0.25 or 0.27% from the last close, which brings the market valuation of the company to $10.57B. CAVA at last check was trading at a discount to its 52-week high of $97.64, offering almost -5.34% off that amount. The share price’s 52-week low was $29.05, which indicates that the recent value has risen by an impressive 68.66% since then. We note from Cava Group Inc’s average daily trading volume that its 3-month average coming to 2.95 million.
Cava Group Inc (NYSE:CAVA) trade information
Instantly CAVA has been showing a green trend so far today with a performance of 0.27% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 115.66% year-to-date, but still up 3.07% over the last five days. On the other hand, Cava Group Inc (NYSE:CAVA) is 17.72% up in the 30-day period.
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The consensus price target as assigned by Wall Street analysts is $87, which translates to bulls needing to decrease their stock price by -6.54% from its current value. Analyst projections state that CAVA is forecast to be at a low of $58 and a high of $105.
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 125.52 percent over the past six months and at a 61.90% annual growth rate that is well above the industry average of 9.10%. The year-over-year growth rate is expected to be 23.50%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 217.02M in revenue for the current quarter. 11 analysts expect Cava Group Inc to make 219.98M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 172.89M and 175.55M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 25.50%. Forecasts for the next quarter put sales growth at 25.30%.
Cava Group Inc earnings are expected to increase by 61.70% 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.
