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Check out this: Cava Group Inc (CAVA) could be on the verge of a big rally

Cava Group Inc (NYSE: CAVA) is 52.98% higher on its value in year-to-date trading and has touched a low of $29.05 and a high of $71.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CAVA stock was last observed hovering at around $68.40 in the last trading session, with the day’s loss setting it -2.65%.

Currently trading at $65.75, the stock is 1.40% and 16.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing -3.87% at the moment leaves the stock 49.75% off its SMA200. CAVA registered a gain of 114.66% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $10.29 and a 200-day simple moving average (SMA200) of $95.10.

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The stock witnessed a 12.78% loss in the last 1 month and extending the period to 3 months gives it a 52.98%, and is -3.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.67% over the week and 4.60% over the month.

Cava Group Inc (CAVA) has around 8460 employees, a market worth around $7.47B and $728.70M in sales. Current P/E ratio is 566.81 and Fwd P/E is 210.00. Profit margin for the company is 1.82%. Distance from 52-week low is 126.33% and -8.17% from its 52-week high. The company has generated returns on investments over the last 12 months (1.52%).

Cava Group Inc quarterly earnings per share for the current quarter are estimated at $0.03 with sales reaching $243.03M over the same period.The EPS is expected to grow by 10.54% this year, but quarterly earnings will post 19.70% year-over-year.

Cava Group Inc (CAVA) Top Institutional Holders

257 institutions hold shares in Cava Group Inc (CAVA), with institutional investors hold 81.76% of the company’s shares. The shares outstanding are 113.71M, and float is at 87.45M with Short Float at 12.42%. Institutions hold 70.51% of the Float.

The top institutional shareholder in the company is Artal Group S.A. with over 32.01 million shares valued at $1.31 billion. The investor’s holdings represent 28.18% of the CAVA Shares outstanding. As of Jun 29, 2023, the second largest holder is T. Rowe Price Investment Management, Inc. with 12.67 million shares valued at $518.96 million to account for 11.16% of the shares outstanding. The other top investors are Revolution Growth Management Company, Inc. which holds 6.48 million shares representing 5.70% and valued at over $265.17 million, while Price (T.Rowe) Associates Inc holds 5.19% of the shares totaling 5.89 million with a market value of $241.34 million.

Cava Group Inc (CAVA) Insider Activity

The most recent transaction is an insider sale by Xenohristos Theodoros,the company’sDirector. SEC filings show that Xenohristos Theodoros sold 47,239 shares of the company’s common stock on Mar 26 ’24 at a price of $68.29 per share for a total of $3.23 million. Following the sale, the insider now owns 0.53 million shares.

Cava Group Inc disclosed in a document filed with the SEC on Mar 21 ’24 that Artal International S.C.A. (Director) sold a total of 2,000,000 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $66.25 per share for $132.5 million. Following the transaction, the insider now directly holds 26.51 million shares of the CAVA stock.

Still, SEC filings show that on Mar 04 ’24, SHAICH RONALD M (Former 10% Owner) disposed off 1,500,000 shares at an average price of $57.20 for $85.8 million. The insider now directly holds 4,457,634 shares of Cava Group Inc (CAVA).

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