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Cava Group (CAVA) Stock Dips While Market Gains: Key Facts
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Cava Group (CAVA - Free Report) closed the latest trading day at $60.41, indicating a -1.27% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw a downswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.1%.
The Mediterranean restaurant chain's shares have seen a decrease of 10.31% over the last month, not keeping up with the Retail-Wholesale sector's loss of 2.56% and the S&P 500's loss of 3.01%.
Market participants will be closely following the financial results of Cava Group in its upcoming release.
For the full year, the Zacks Consensus Estimates project earnings of $0.25 per share and a revenue of $874 million, demonstrating changes of +19.05% and +19.94%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Cava Group. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 3.59% higher within the past month. At present, Cava Group boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, Cava Group is holding a Forward P/E ratio of 247.59. Its industry sports an average Forward P/E of 21.97, so one might conclude that Cava Group is trading at a premium comparatively.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 37% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Cava Group (CAVA) Stock Dips While Market Gains: Key Facts
Cava Group (CAVA - Free Report) closed the latest trading day at $60.41, indicating a -1.27% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw a downswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.1%.
The Mediterranean restaurant chain's shares have seen a decrease of 10.31% over the last month, not keeping up with the Retail-Wholesale sector's loss of 2.56% and the S&P 500's loss of 3.01%.
Market participants will be closely following the financial results of Cava Group in its upcoming release.
For the full year, the Zacks Consensus Estimates project earnings of $0.25 per share and a revenue of $874 million, demonstrating changes of +19.05% and +19.94%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Cava Group. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 3.59% higher within the past month. At present, Cava Group boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, Cava Group is holding a Forward P/E ratio of 247.59. Its industry sports an average Forward P/E of 21.97, so one might conclude that Cava Group is trading at a premium comparatively.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 37% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.