In today’s recent session, 1.08 million shares of the Cava Group Inc (NYSE:CAVA) have been traded, and its beta is 3.52. Most recently the company’s share price was $91.27, and it changed around $0.94 or 1.04% from the last close, which brings the market valuation of the company to $10.55B. CAVA at last check was trading at a discount to its 52-week high of $172.43, offering almost -88.92% off that amount. The share price’s 52-week low was $58.22, which indicates that the recent value has risen by an impressive 36.21% since then. We note from Cava Group Inc’s average daily trading volume that its 10-day average is 3.68 million shares, with the 3-month average coming to 2.99 million.
Cava Group Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.94. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 8 recommended CAVA as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Cava Group Inc is expected to report earnings per share of 0.14 for the current quarter.
Cava Group Inc (NYSE:CAVA) trade information
Instantly CAVA has been showing a green trend so far today with a performance of 1.04% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 93.73 on recent trading dayincreased the stock’s daily price by 2.62%. The company’s shares are currently down -19.09% year-to-date, but still up 18.87% over the last five days. On the other hand, Cava Group Inc (NYSE:CAVA) is -12.43% down in the 30-day period. We can see from the shorts that 6.07 million shares have been sold at a short interest cover period of 1.93 day(s).
The consensus price target as assigned by Wall Street analysts is $142, which translates to bulls needing to increase their stock price by 35.73% from its current value. Analyst projections state that CAVA is forecast to be at a low of $113 and a high of $200.
Cava Group Inc (CAVA) estimates and forecasts
The year-over-year growth rate is expected to be 23.08%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 326.93M in revenue for the current quarter. 12 analysts expect Cava Group Inc to make 287.05M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 259.01M and 233.5M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 26.23%. Forecasts for the next quarter put sales growth at 22.94%.
Cava Group Inc earnings are expected to increase by 26.45% in 2025, but the outlook is positive 30.13% per year for the next five years.
Cava Group Inc (NYSE:CAVA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.32% of Cava Group Inc shares, and 70.63% of them are in the hands of institutional investors. The stock currently has a share float of 77.04%. Cava Group Inc stock is held by 639.0 institutions, with ARTAL GROUP S.A. being the largest institutional investor. By 2024-06-30, it held 20.5976% of the shares, which is about 23.51 million shares worth $2.18 billion.
VANGUARD GROUP INC, with 4.9072% or 5.6 million shares worth $519.45 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
SMALLCAP WORLD FUND INC and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 5.19 shares worth $474.63 million, making up 4.49% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.69 shares worth around $246.46 million, which represents about 2.33% of the total shares outstanding.
