In the last trading session, 3.09 million Cava Group Inc (NYSE:CAVA) shares changed hands as the company’s beta touched 3.62. With the company’s per share price at $78.59 changed hands at $1.11 or 1.43% during last session, the market valuation stood at $9.08B. CAVA’s last price was a discount, traded about -119.4% off its 52-week high of $172.43. The share price had its 52-week low at $58.22, which suggests the last value was 25.92% up since then. When we look at Cava Group Inc’s average trading volume, we note the 10-day average is 3.98 million shares, with the 3-month average coming to 2.84 million.
Analysts gave the Cava Group Inc (CAVA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.06. 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 0.14.
Cava Group Inc (NYSE:CAVA) trade information
Instantly CAVA was in green as seen at the end of in last trading. With action -2.30%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -30.33%, with the 5-day performance at -2.30% in the red. However, in the 30-day time frame, Cava Group Inc (NYSE:CAVA) is -39.78% down. Looking at the short shares, we see there were 6.07 million shares sold at short interest cover period of 1.93 days.
The consensus price target for the stock as assigned by Wall Street analysts is 142, meaning bulls need an upside of 44.65% from its current market value. According to analyst projections, CAVA’s forecast low is 113 with 200 as the target high. To hit the forecast high, the stock’s price needs a -154.49% plunge from its current level, while the stock would need to soar -43.78% for it to hit the projected low.
Cava Group Inc (CAVA) estimates and forecasts
Year-over-year growth is forecast to reach 23.01% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 326.6M. 12 analysts are of the opinion that Cava Group Inc’s revenue for the current quarter will be 286.83M. 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 26.10%. The estimates for the next quarter sales put growth at 22.84%.
The 2025 estimates are for Cava Group Inc earnings to increase by 25.92%, but the outlook for the next 5-year period is at 30.13% per year.
CAVA Dividends
Cava Group Inc is expected to release its next quarterly earnings report on 2025-Feb-24.
Cava Group Inc (NYSE:CAVA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.32% of Cava Group Inc shares while 70.60% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.00%. There are 70.60% institutions holding the Cava Group Inc stock share, with ARTAL GROUP S.A. the top institutional holder. As of 2024-06-30, the company held 20.5976% of the shares, roughly 23.51 million CAVA shares worth $2.18 billion.
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 Dec 31, 2024 were Smallcap World Fund and Vanguard Total Stock Market Index Fund . With 5.19 shares estimated at $407.79 million under it, the former controlled 4.49% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.33% of the shares, roughly 2.69 shares worth around $211.76 million.
