Cava Group Inc (NYSE: CAVA) stock fell -0.70% on Monday to $33.88 against a previous-day closing price of $34.12. With 1.26 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.48 million shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $34.95 whereas the lowest price it dropped to was $33.37. The 52-week range on CAVA shows that it touched its highest point at $58.10 and its lowest point at $29.05 during that stretch. It currently has a 1-year price target of $42.89.
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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 up-trending over the past week, with a rise of 8.04%, but this was up by 2.67% over a month.
Float and Shares Shorts:
At present, 111.39 million CAVA shares are outstanding with a float of 81.92 million shares on hand for trading. On Oct 30, 2023, short shares totaled 10.32 million, which was 9.08% higher than short shares on Sep 28, 2023. In addition to Mr. Brett Schulman as the firm’s CEO, President & Director, Ms. Tricia K. Tolivar serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 14.60% of CAVA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 38.81% of CAVA, in contrast to 22.39% held by mutual funds. Shares owned by individuals account for 0.21%. As the largest shareholder in CAVA with 28.18% of the stake, Invus Public Equities Advisors LL holds 32,007,990 shares worth 32,007,990. A second-largest stockholder of CAVA, T. Rowe Price Investment Manageme, holds 11,524,898 shares, controlling over 10.15% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in CAVA, holding 5,281,842 shares or 4.65% stake. With a 4.03% stake in CAVA, the American Funds Small Cap World Fu is the largest stakeholder. A total of 4,578,400 shares are owned by the mutual fund manager. The T Rowe Price New Horizons Fund, which owns about 3.37% of CAVA stock, is the second-largest Mutual Fund holder. It holds 3,825,430 shares valued at 120.85 million. T Rowe Price Small Cap Stock Fund holds 2.82% of the stake in CAVA, owning 3,196,924 shares worth 100.99 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CAVA since 0 analysts follow the stock currently. 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 $55.00 and a low target of $35.00, the average target price over the next 12 months is $42.89. Based on these targets, CAVA could surge 62.34% to reach the target high and rise by 3.31% to reach the target low. Reaching the average price target will result in a growth of 26.59% from current levels.
Summary of Insider Activity:
Insiders traded CAVA stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 12,085 shares were sold. The number of buy transactions has increased to 48 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 56,798,665 while 45,730 shares were sold.
