Yahoo Finance Is CAVA Group, Inc. (CAVA) Stock Outpacing Its Retail-Wholesale Peers This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Cava Group (CAVA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Cava Group is one of 213 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Cava Group is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CAVA's full-year earnings has moved 60.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CAVA has returned about 83% since the start of the calendar year. Meanwhile, stocks in the Retail-Wholesale group have gained about 10.8% on average. This means that Cava Group is performing better than its sector in terms of year-to-date returns.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Sprouts Farmers (SFM). The stock has returned 59.7% year-to-date.
Over the past three months, Sprouts Farmers' consensus EPS estimate for the current year has increased 10%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Cava Group belongs to the Retail - Restaurants industry, a group that includes 42 individual companies and currently sits at #157 in the Zacks Industry Rank. On average, this group has lost an average of 0.4% so far this year, meaning that CAVA is performing better in terms of year-to-date returns.
Sprouts Farmers, however, belongs to the Food - Natural Foods Products industry. Currently, this 6-stock industry is ranked #23. The industry has moved +19.7% so far this year.
Cava Group and Sprouts Farmers could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
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CAVA Group, Inc. (CAVA) : Free Stock Analysis Report
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