Promising Grocery Stocks To Watch Today - August 13th

Key Points

• CAVA Group saw its stock drop 16% to $71.41, with a significant trading volume of over 32 million shares compared to its average of approximately 3.7 million.
• Costco Wholesale shares fell to $978.70, having a market cap of $434.03 billion and a P/E ratio of 55.57, reflecting a broader trend in the grocery sector.
• Berkshire Hathaway stock increased by $7.16 to $477.55, maintaining a robust market cap of $1.03 trillion despite lower trading volume than its average.

CAVA Group, Costco Wholesale, Berkshire Hathaway, Walmart, and Nebius Group are the five Grocery stocks to watch today, according to MarketBeat's stock screener tool. Grocery stocks are the inventory of food, beverages and household items that a retailer holds on hand to meet consumer demand. This assortment includes perishable products like fresh produce, dairy and meat as well as non-perishables such as canned goods, dry groceries and cleaning supplies. Effective management of grocery stocks ensures that shelves stay well-supplied while minimizing waste and storage costs. These companies had the highest dollar trading volume of any Grocery stocks within the last several days.

CAVA Group (CAVA)

Shares of NYSE:CAVA traded down $13.09 on Wednesday, hitting $71.41. The company had a trading volume of 32,873,615 shares, compared to its average volume of 3,733,916. CAVA Group has a 1-year low of $65.70 and a 1-year high of $172.43. The stock has a market cap of $8.26 billion, a price-to-earnings ratio of 59.23, a P/E/G ratio of 4.11 and a beta of 2.65. The stock has a 50 day moving average price of $83.46 and a 200 day moving average price of $92.30.

Read Our Latest Research Report on CAVA

Costco Wholesale (COST)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

Shares of NASDAQ:COST traded down $12.56 on Wednesday, hitting $978.70. The company had a trading volume of 1,456,782 shares, compared to its average volume of 2,212,622. Costco Wholesale has a 1-year low of $858.50 and a 1-year high of $1,078.23. The stock has a market cap of $434.03 billion, a price-to-earnings ratio of 55.57, a P/E/G ratio of 6.15 and a beta of 0.96. The stock has a 50 day moving average price of $975.28 and a 200 day moving average price of $985.81. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21.

Read Our Latest Research Report on COST

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

Shares of Berkshire Hathaway stock traded up $7.16 during trading on Wednesday, reaching $477.55. The company's stock had a trading volume of 2,580,670 shares, compared to its average volume of 4,876,425. The business's 50-day moving average price is $480.13 and its 200-day moving average price is $496.89. The firm has a market cap of $1.03 trillion, a PE ratio of 16.38, a P/E/G ratio of 3.23 and a beta of 0.81. Berkshire Hathaway has a 52 week low of $431.71 and a 52 week high of $542.07.

Read Our Latest Research Report on BRK.B

Walmart (WMT)

Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

Shares of Walmart stock traded down $2.64 during trading on Wednesday, reaching $100.98. The company's stock had a trading volume of 10,881,457 shares, compared to its average volume of 18,984,404. The business's 50-day moving average price is $97.46 and its 200-day moving average price is $95.51. The firm has a market cap of $805.89 billion, a PE ratio of 43.16, a P/E/G ratio of 5.00 and a beta of 0.66. Walmart has a 52 week low of $67.85 and a 52 week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Read Our Latest Research Report on WMT

Nebius Group (NBIS)

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company's services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.

Shares of Nebius Group stock traded down $5.49 during trading on Wednesday, reaching $69.84. The company's stock had a trading volume of 14,201,538 shares, compared to its average volume of 12,973,083. The business's 50-day moving average price is $51.97 and its 200-day moving average price is $37.76. The firm has a market cap of $16.46 billion, a PE ratio of -123.12 and a beta of 3.36. Nebius Group has a 52 week low of $14.09 and a 52 week high of $75.96. The company has a quick ratio of 14.70, a current ratio of 14.70 and a debt-to-equity ratio of 0.31.

Read Our Latest Research Report on NBIS

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