Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate CAVA Group Inc before investing.

In this article, we go over a few key elements for understanding CAVA Group Inc’s stock price such as:

• CAVA Group Inc’s current stock price and volume
• Why CAVA Group Inc’s stock price changed recently
• Upgrades and downgrades for CAVA from analysts
• CAVA’s stock price momentum as measured by its relative strength

About CAVA Group Inc (CAVA)

Before we jump into CAVA Group Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

CAVA Group, Inc. operates a category-defining Mediterranean fast-casual restaurant brand. The Company operates approximately 309 fast-casual CAVA restaurants in 24 states and Washington, D.C. The number of CAVA restaurants excludes two locations operating under a licensing arrangement and digital kitchens. Its Mediterranean cuisine unites taste and health, with a menu that features chef-crated and customizable bowls and pitas. Its dips, spreads, and dressings are centrally produced and sold in grocery stores. Its menu fulfills a range of dietary preferences, from hearty and indulgent to vegan, vegetarian, gluten-free, dairy-free, paleo, keto, and nut-free diets. The Company's guests can choose a chef-curated meal or a build-your-own-bowl or pita using its 38 ingredients with over 17.4 billion combinations. It has developed multi-channel access to in-restaurant dining, digital pick-up, drive-thru pick-up in select restaurants, delivery, catering, and consumer packaged goods offerings.

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CAVA Group Inc’s Stock Price as of Market Close

As of July 10, 2024, 4:03 PM, CST, CAVA Group Inc’s stock price was $85.30.

CAVA Group Inc is down 5.47% from its previous closing price of $90.24.

During the last market session, CAVA Group Inc’s stock traded between $89.16 and $95.85. Currently, there are 113.97 million shares of CAVA Group Inc stock available for purchase.

CAVA Group Inc’s price-earnings (P/E) ratio is currently at 223.7, which is high compared to the Restaurants & Bars industry median of 18.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

CAVA Group Inc Stock Price History

CAVA Group Inc’s (CAVA) price is currently down 8.03% so far this month.

During the month of July, CAVA Group Inc’s stock price has reached a high of $98.69 and a low of $83.56.

Over the last year, CAVA Group Inc has hit prices as high as $98.69 and as low as $29.05.

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What Caused CAVA Group Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 09, 2024, there were 4 analysts who downgraded CAVA Group Inc’s stock and 5 analysts who upgraded over the last month.

Additionally, you'll want to evaluate CAVA Group Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on CAVA Group Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

CAVA Group Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about CAVA Group Inc (CAVA) by visiting AAII Stock Evaluator.

Relative Price Strength of CAVA Group Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 09, 2024, CAVA Group Inc has a weighted four-quarter relative price strength of 20.87%, which translates to a Momentum Score of 95 and is considered to be Very Strong.

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CAVA Group Inc Stock Price: Bottom Line

As of July 10, 2024, CAVA Group Inc’s stock price is $85.30, which is down 5.47% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like CAVA Group Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.