With 7.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.64 million shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $149.35 whereas the lowest price it dropped to was $132.36. The 52-week range on CAVA shows that it touched its highest point at $172.43 and its lowest point at $31.47 during that stretch. It currently has a 1-year price target of $156.62. Beta for the stock currently stands at 2.96.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CAVA was down-trending over the past week, with a drop of -5.88%, but this was down by -6.23% over a month. Three-month performance surged to 10.72% while six-month performance rose 49.34%. The stock gained 297.63% in the past year, while it has gained 208.45% so far this year. A look at the trailing 12-month EPS for CAVA yields 0.46 with Next year EPS estimates of 0.62. For the next quarter, that number is 0.06. This implies an EPS growth rate of 139.25% for this year and 24.30% for next year.
Float and Shares Shorts:
At present, 114.56 million CAVA shares are outstanding with a float of 96.36 million shares on hand for trading. On 2024-11-15, short shares totaled 10.88 million, which was 950.0 higher than short shares on 1728950400. In addition to Mr. Brett Schulman as the firm’s Co-Founder, CEO, President & Director, Mr. Theodore Xenohristos serves as its Founder, Chief Concept Officer & Director.
Institutional Ownership:
Through their ownership of 0.66863996 of CAVA’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-10-06, CAVA reported revenue of $243817000.0 and operating income of $18492000.0. The EBITDA in the recently reported quarter was $37541000.0 and diluted EPS was $0.15.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CAVA since 15 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CAVA analysts setting a high price target of 195.0 and a low target of 110.0, the average target price over the next 12 months is 156.61539. Based on these targets, CAVA could surge 47.09% to reach the target high and fall by -17.02% to reach the target low. Reaching the average price target will result in a growth of 18.14% from current levels.
Analysts have provided yearly estimates in a range of $0.55267 being high and $0.46224 being low. For CAVA, this leads to a yearly average estimate of $0.50243.
