How to Buy Cava Group Stock
Cava Group Inc
Cava Group is a restaurant company located in District Of Columbia, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker CAVA on the NYSE exchange.
Cava Group stock last closed at $119.73, down 0.3% from the previous day, and has increased 218.77% in one year. It has overperformed other stocks in the Restaurants industry by 2.09 percentage points. Cava Group stock is currently +312.15% from its 52-week low of $29.05, and -6.59% from its 52-week high of $128.18.
As of Sep 10, 2024, there are 114.32M shares of CAVA outstanding. The market value of CAVA is $13.69B. In the past 24 hours, 2.1M CAVA shares were traded.
How to Buy Cava Group Stock
Wondering how to invest in Cava Group stock? Here's how.
- Choose where to buy Cava Group stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Cava Group stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Pick your payment method and add your info.
- Evaluate Cava Group stock: The Cava Group ticker symbol is CAVA. Is Cava Group stock a good investment? Should you buy shares of CAVA? How do CAVA's underlying business fundamentals look? Do top analysts think Cava Group is a good buy? Why has CAVA's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if CAVA is a good stock to buy).
- Place your CAVA buy order: Decide if you will purchase CAVA shares at the current market price or use a limit order to purchase CAVA shares at a specific price.
- Get notifications regarding your investment in CAVA: Create a watchlist to key updates about your new investment in Cava Group shares.
Step 1: Choose where to buy Cava Group stock
You need a brokerage account in order to access the NYSE market and buy CAVA stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal information so you are able to buy CAVA today.
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Step 3: Deposit money your brokerage account
Now that you have filled out your info on stock market app, your next step is to transfer the money for your investment:
Check out the video below for more details depositing funds into your new investment account.
Step 4: Evaluate Cava Group stock
Once you have decided on the best place to buy Cava Group stock, it's crucial to research their stock prior to investing, so you can understand the risk as well as the upside.
Cava Group shares at a glance
CAVA Due Diligence Checks
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on CAVA's stock page.
How is CAVA stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge CAVA's intrinsic value.
Using relative valuations methods:
- CAVA could be overvalued based on its P/E ratio of 386.23x, relative to Restaurants industry P/E ratio of 37.34x
- CAVA could be undervalued based on its P/B ratio of 22.99x, relative to Restaurants industry P/B ratio of -404.52x
- CAVA may be overvalued based on its PEG ratio of 13.76x
You can do additional valuation analysis on CAVA's stock here.
How do CAVA Financials look?
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the CAVA balance sheet.
- There are more short-term assets than short-term liabilities on the CAVA balance sheet.
- CAVA earnings of $30.75M is not sufficient to cover its interest payments.
- CAVA profit margin has gone up from -4.1% to 5% in the past year.
- CAVA's operating cash flow of $137.29M allows it to safely service it's debt of $359.14M.
Failed Health Checks:
- CAVA has a relatively high debt to equity ratio of 0.74.
Is it a good time to buy CAVA stock, according to analysts?
Out of 11 sell side analysts who monitor CAVA, the consensus analyst rating on Cava Group is a Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Latest CAVA Analyst Recommendations
Andrew Charles, a top 7% analyst from TD Cowen maintains CAVA with a strong buy rating and raises their CAVA price target from $95.00 to $115.00, on Aug 23, 2024.
Andy Barish, a top 25% analyst from Jefferies maintains CAVA with a strong buy rating and raises their CAVA price target from $94.00 to $117.00, on Aug 23, 2024.
Chris O'Cull, a top 9% analyst from Stifel Nicolaus maintains CAVA with a strong buy rating and raises their CAVA price target from $110.00 to $118.00, on Aug 23, 2024.
David Tarantino, a top 5% analyst from Baird maintains CAVA with a buy rating and raises their CAVA price target from $105.00 to $125.00, on Aug 23, 2024.
Nick Setyan, a top 10% analyst from Wedbush maintains CAVA with a buy rating and raises their CAVA price target from $100.00 to $120.00, on Aug 23, 2024.
Wedbush's Nick Setyan raised their price target on Cava Group (NYSE: CAVA) by 20% from $100 to $120 on 2024/08/23. The analyst maintained their Buy rating on the stock.
Cava Group reported its Q2 2024 earnings on 2024/08/22.
Assessing the print, Setyan highlighted that " the results came in above expectations and argued that "management raised FY 2024 same-store-sales growth guidance remains conservative."
Looking ahead, the analyst told readers that Wedbush believes "Cava Group is positioned to sustain positive transaction growth and to gain transaction share over the longer term, even relative to its growth peers, making the stock's premium valuation justifiable."
With improved near- and medium-term visibility, Wedbush also views management's FY 2024 and FY 2025 same-store-sales growth and EBITDA expectations as "conservative."
Earnings Report
For Q2 2024, Cava Group reported:
- EPS of $0.17, which beat the consensus estimate by 36% but missed Q2 2023's $0.21 by 19%.
- Revenue of US$233.5M, which beat the consensus estimate by 6.4% and Q2 2023's $172.9M by 35%.
For FY 2024, management guided:
Same restaurant sales growth of 8.5% to 9.5%, up from the prior 4.5% to 6.5%.
CEO Brett Schulman commented: "Our results in Q2 continued to demonstrate the strength of our category-defining brand and our unique and compelling value proposition.
“During the quarter, traffic grew 9.5%, we opened 18 net new restaurants and, driven by the power of our unit economic engine, generated average unit volume of $2.7M.
"In addition, we launched our new grilled steak main, once again exhibiting our excellence in culinary innovation.
"Grilled steak is significantly outperforming our expectations and giving guests another reason to visit Cava and come back more often.”
You can dive deeper into what analysts are projecting on the Cava Group stock forecast page.
CAVA Performance Metrics
Last year, CAVA revenue was $845.22M. Over the past 1 years, CAVA's revenue has increased by 31.01% per year. This was faster than the Restaurants industry average of 9.77%.
Find out more about CAVA's earnings and revenue performance here.
What are CAVA executives and large shareholders up to?
In the past 12 months, insiders at CAVA have sold more shares than they have bought.
Adam David Phillips, Chief Accounting Officer of CAVA, was the latest CAVA insider to sell. They sold $314,518.75 worth of CAVA shares on Sep 6, 2024.
Get more info about who owns CAVA shares here.
Does CAVA stock generate passive income?
No, Cava Group doesn't provide an income stream by paying out dividends.
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Step 5: Place your CAVA buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, place a limit order.
Press the Open button and your broker will place the order.
If you require additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in CAVA
Now that you own some CAVA shares, you'll want to keep up with your new investment.
Create a watchlist to track your CAVA stock.
CAVA Feed
How to Buy Stock in Cava Group
To reiterate, here are the 6 steps to buy stock in Cava Group:
- Choose where to buy Cava Group stock
- Create a brokerage account
- Deposit money your brokerage account
- Evaluate Cava Group stock
- Place your CAVA buy order
- Get notifications regarding your investment in CAVA
If you need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Cava Group, create your watchlist below.
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