Landscape Capital Management L.L.C. Sells 7,971 Shares of CAVA Group, Inc. (NYSE:CAVA)

Landscape Capital Management L.L.C. lowered its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 49.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 8,103 shares of the company’s stock after selling 7,971 shares during the period. Landscape Capital Management L.L.C.’s holdings in CAVA Group were worth $1,004,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CAVA. SpiderRock Advisors LLC lifted its position in shares of CAVA Group by 8.9% in the third quarter. SpiderRock Advisors LLC now owns 479,319 shares of the company’s stock valued at $59,364,000 after buying an additional 39,319 shares during the last quarter. Xponance Inc. raised its stake in CAVA Group by 95.2% in the 2nd quarter. Xponance Inc. now owns 9,846 shares of the company’s stock valued at $913,000 after acquiring an additional 4,803 shares during the period. PFG Investments LLC lifted its holdings in CAVA Group by 36.8% during the 3rd quarter. PFG Investments LLC now owns 15,907 shares of the company’s stock valued at $1,970,000 after purchasing an additional 4,275 shares during the last quarter. Intech Investment Management LLC bought a new position in CAVA Group during the second quarter worth $1,728,000. Finally, Aigen Investment Management LP acquired a new position in shares of CAVA Group in the third quarter valued at $1,293,000. Institutional investors and hedge funds own 73.15% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of CAVA Group in a report on Wednesday, November 13th. Robert W. Baird boosted their price objective on CAVA Group from $125.00 to $148.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. UBS Group started coverage on CAVA Group in a research report on Friday, September 27th. They issued a “neutral” rating and a $135.00 target price on the stock. Loop Capital lifted their price target on CAVA Group from $122.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Finally, Wedbush upped their price objective on CAVA Group from $155.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.80.

CAVA Group Trading Up 0.0 %

Shares of CAVA Group stock opened at $144.83 on Friday. The company has a market cap of $16.59 billion, a PE ratio of 314.85 and a beta of 3.23. The company has a 50 day moving average of $133.21 and a 200-day moving average of $106.20. CAVA Group, Inc. has a 1-year low of $31.47 and a 1-year high of $172.43.

CAVA Group (NYSE:CAVA) last released its earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The firm had revenue of $243.82 million during the quarter, compared to analysts’ expectations of $233.05 million. During the same period in the prior year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 38.9% on a year-over-year basis. Research analysts forecast that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Insider Activity at CAVA Group

In other news, CFO Tricia K. Tolivar sold 5,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.64, for a total transaction of $628,200.00. Following the completion of the transaction, the chief financial officer now directly owns 292,600 shares in the company, valued at approximately $36,762,264. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brett Schulman sold 201,504 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $125.53, for a total value of $25,294,797.12. Following the sale, the chief executive officer now directly owns 702,590 shares in the company, valued at approximately $88,196,122.70. This trade represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 334,994 shares of company stock valued at $42,543,534 over the last ninety days. 12.10% of the stock is owned by corporate insiders.

CAVA Group Profile

CAVA Group, Inc owns and operates a chain of restaurants under the CAVA brand in the United States. The company also offers dips, spreads, and dressings through grocery stores. In addition, the company provides online and mobile ordering platforms. Cava Group, Inc was founded in 2006 and is headquartered in Washington, the District of Columbia.