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Cava Group (NYSE: CAVA) was one of the hottest restaurant stocks to own last year. In 2024, the stock soared by an incredible 162% as investors were thrilled with the company's impressive results.
CAVA PE Ratio data by YCharts. PS = price-to-sales. However, note that the forward price/earnings-to-growth (PEG) ratio is 0.8. A PEG ratio of under 1 could suggest that the price is still cheap ...
On one level, the stock does look expensive, trading at a price-to-earnings ratio above 200, but if you take a closer look at the numbers, you might find that Cava isn't quite as expensive as you ...
Given the current lofty price of Cava stock, it's almost hard to believe it was at a 52-week low of $29.05 last October. And Cava's debut as a public company, in June 2023, was at $22 per share.
The stock vaulted over $172 per share — an all-time high — on Wednesday, before giving up the gains and closing around $147. Shares of Cava are up 261% in 2024.
That would be equal to about a 6 times increase in its stock price if the share count were to stay the same. While that type of return isn't likely going to set you up for life, it is still an ...
CAVA Revenue (Quarterly) data by YCharts 2. Lack of debt. Even more impressive is that the company's expanding without taking on debt. In fact, it's free of any long-term debt.
Image source: Cava. Why the stock has pulled back. Cava initially jumped on its third-quarter earnings report, but the stock fell soon after that, and is now down 24% from that peak.
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