In the latest trading session, 3.26 million Cava Group Inc (NYSE:CAVA) shares changed hands as the company’s beta touched 3.58. With the company’s most recent per share price at $96.82 changed hands at -$2.48 or -2.50% at last look, the market valuation stands at $11.09B. CAVA’s current price is a discount, trading about -78.09% off its 52-week high of $172.43. The share price had its 52-week low at $50.37, which suggests the last value was 47.98% up since then.
Analysts gave the Cava Group Inc (CAVA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.07. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended CAVA as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Cava Group Inc’s EPS for the current quarter is expected to be 0.13.
Cava Group Inc (NYSE:CAVA) trade information
Instantly CAVA was in red as seen in intraday trades today. With action -18.93%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -14.17%, with the 5-day performance at -18.93% in the red. However, in the 30-day time frame, Cava Group Inc (NYSE:CAVA) is -21.27% down.
The consensus price target for the stock as assigned by Wall Street analysts is 140, meaning bulls need an upside of 30.84% from its recent market value. According to analyst projections, CAVA’s forecast low is 110 with 200 as the target high. To hit the forecast high, the stock’s price needs a -106.57% plunge from its current level, while the stock would need to soar -13.61% for it to hit the projected low.
Cava Group Inc (CAVA) estimates and forecasts
Year-over-year growth is forecast to reach 22.89% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 329.24M. 7 analysts are of the opinion that Cava Group Inc’s revenue for the current quarter will be 287.64M. The company’s revenue for the corresponding quarters a year ago was 259.01M and 233.5M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 27.11%. The estimates for the next quarter sales put growth at 23.19%.
The 2025 estimates are for Cava Group Inc earnings to increase by 29.27%, but the outlook for the next 5-year period is at 34.50% per year.
Cava Group Inc (NYSE:CAVA)’s Major holders
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.9072% or 5.6 million shares worth $519.45 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Smallcap World Fund and Vanguard Total Stock Market Index Fund. With 5.8 shares estimated at $576.13 million under it, the former controlled 5.06% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.89% of the shares, roughly 2.17 shares worth around $215.22 million.
