According to First Business Financial Services' 15-minute chart, a KDJ Death Cross and Bearish Marubozu was triggered on October 3, 2023 at 11:15. This indicates a shift in momentum towards the downside, potentially leading to further price decreases. Sellers currently dominate the market, and the bearish momentum is likely to persist.
Cava Group (CAVA), a Mediterranean restaurant chain, closed the most recent trading day at $63.24, moving +2.55% from the previous trading session. This performance outpaced the S&P 500's daily gain of 0.06%, the Dow's gain of 0.17%, and the Nasdaq's gain of 0.39%. Over the past month, CAVA's stock lost 6.43%, lagging behind the Retail-Wholesale sector's gain of 0.29% and the S&P 500's gain of 3.94%.
Investors are anticipating CAVA's earnings release, scheduled to report earnings of $0.14 per share, representing a year-over-year decline of 6.67%. The latest consensus estimate predicts revenue to be $294.91 million, indicating a 20.95% increase compared to the same quarter last year. For the entire fiscal year, Zacks Consensus Estimates predict earnings of $0.56 per share and revenue of $1.18 billion, indicating changes of +33.33% and +22.91%, respectively, from the previous year.
Cava Group is currently holding a Zacks Rank of #3 (Hold), with a Forward P/E ratio of 110.13, which is a premium compared to its industry average Forward P/E of 22.81. The PEG ratio is 3.08, slightly higher than the industry average of 2.23 for Retail - Restaurants stocks. The Zacks Industry Rank for the Retail - Restaurants sector is 193, positioning it in the bottom 22% of all 250+ industries.
According to First Business Financial Services' 15-minute chart, a KDJ Death Cross and Bearish Marubozu was triggered on October 3, 2023, at 11:15. This indicates a shift in momentum towards the downside, potentially leading to further price decreases. Sellers currently dominate the market, and the bearish momentum is likely to persist.
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