While Cava Group Inc has underperformed by -1.62%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CAVA rose by 320.36%, with highs and lows ranging from $172.43 to $31.47, whereas the simple moving average jumped by 48.83% in the last 200 days.
On November 20, 2024, Bernstein started tracking Cava Group Inc (NYSE: CAVA) recommending Mkt Perform. A report published by UBS on September 27, 2024, Initiated its previous ‘Neutral’ rating for CAVA. Morgan Stanley also Downgraded CAVA shares as ‘Equal-Weight’, setting a target price of $110 on the company’s shares in a report dated August 29, 2024. Citigroup Reiterated the rating as Neutral on August 23, 2024, but set its price target from $93 to $115. JP Morgan June 03, 2024d its ‘Overweight’ rating to ‘Neutral’ for CAVA, as published in its report on June 03, 2024. Piper Sandler’s report from May 30, 2024 suggests a price prediction of $92 for CAVA shares, giving the stock a ‘Neutral’ rating. Barclays also rated the stock as ‘Equal Weight’.
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Analysis of Cava Group Inc (CAVA)
Further, the quarter-over-quarter increase in sales is 38.89%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Cava Group Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 9.09% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.87, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 2.89M can be a very valuable indicator of volatility for CAVA stock. On a monthly basis, the volatility of the stock is set at 4.86%, whereas on a weekly basis, it is put at 3.98%, with a gain of 1.08% over the past seven days. Furthermore, long-term investors anticipate a median target price of $156.46, showing growth from the present price of $141.20, which can serve as yet another indication of whether CAVA is worth investing in or should be passed over.
How Do You Analyze Cava Group Inc Shares?
The USA based company Cava Group Inc (CAVA) is one of the biggest names in Restaurants. When comparing Cava Group Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 310.13, there is a growth in quarterly earnings of 151.99%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 15.90%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 58.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CAVA shares are owned by institutional investors to the tune of 58.10% at present.
