After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted CAVA to Announce Fourth Quarter and Full Year 2023 Financial Results on February 27, 2024.
CAVA belongs to the Consumer Cyclical sector of the NYSE while operating in the Restaurants industry. The current market capitalization of Cava Group Inc is $6.10B. A total of 1.1 million shares were traded on the day, compared to an average of 0.54 shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CAVA has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 35,667 shares. Over the last 12 months, there were 48 BUYs and 3 SELLs from insiders. Insiders purchased 56,798,665 shares during that period but sold 47,752.
In the most recent transaction, Amouyal Philippe bought 10,000 shares of CAVA for 33.18 per share on Nov 17. After the transaction, the Director now owns 15,000 company shares. In a previous transaction on Jun 20, Xenohristos Theodoros bought 4,500 shares at 22.00 per share. CAVA shares that Director owns now total 4,500.
Among the insiders who bought shares, Tolivar Tricia K. acquired of 2,500 shares on Jun 20 at a per-share price of $22.00. This resulted in the Chief Financial Officer holding 2,500 shares of CAVA after the transaction. In another insider transaction, Bertram Kenneth Robert bought 2,295 shares at $22.00 per share on Jun 20. Company shares held by the CLO & Secretary now total 1,500.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CAVA in the last 3 months, the mean price target is $46.60 with high estimates of $55.00 and low estimates of $35.00. In terms of 52-week highs and lows, CAVA has a high of $58.10 and a low of $29.05.
As of this writing, CAVA has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.04. The company reported an EPS of $0.21 in the last quarter, which was 1,150.00% higher than expectations of -$0.02.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CAVA’s latest balance sheet shows that the firm has $140.33M in Cash & Short Term Investments as of fiscal 2021. There were $15.34M in debt and $51.73M in liabilities at the time. Its Book Value Per Share was $4.98, while its Total Shareholder’s Equity was -$393.02M.
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CAVA is Buy with a score of 4.31.