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

Landscape Capital Management L.L.C. lessened its holdings in shares of CAVA Group, Inc. (NYSE:CAVA) by 49.6% during the third quarter, Holdings Channel.com reports. The firm owned 8,103 shares of the company’s stock after selling 7,971 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in CAVA Group were worth $1,004,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CAVA. Jamison Private Wealth Management Inc. bought a new stake in shares of CAVA Group in the 2nd quarter valued at about $28,000. Nemes Rush Group LLC bought a new stake in CAVA Group in the second quarter valued at approximately $28,000. GAMMA Investing LLC increased its position in CAVA Group by 68.3% during the 3rd quarter. GAMMA Investing LLC now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in CAVA Group during the 2nd quarter worth approximately $36,000. Finally, Headlands Technologies LLC acquired a new position in shares of CAVA Group in the 2nd quarter worth approximately $37,000. 73.15% of the stock is currently owned by institutional investors and hedge funds.

CAVA Group Trading Up 0.0 %

CAVA Group stock opened at $144.83 on Friday. The firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of 314.85 and a beta of 3.23. The firm’s fifty day moving average price is $133.21 and its two-hundred day moving average price is $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 announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $243.82 million for the quarter, compared to analysts’ expectations of $233.05 million. CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 EPS. On average, research analysts forecast that CAVA Group, Inc. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

CAVA has been the subject of several recent analyst reports. Piper Sandler increased their price objective on shares of CAVA Group from $100.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. lifted their price objective on CAVA Group from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Citigroup upped their target price on CAVA Group from $140.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. UBS Group started coverage on CAVA Group in a research note on Friday, September 27th. They issued a “neutral” rating and a $135.00 price target on the stock. Finally, TD Securities increased their price target on CAVA Group from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, CAVA Group has an average rating of “Moderate Buy” and a consensus price target of $143.80.

Insider Activity

In other news, CEO Brett Schulman sold 201,504 shares of the company’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 completion of the sale, the chief executive officer now owns 702,590 shares in the company, valued at $88,196,122.70. This represents a 22.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Karen Kochevar sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $142.23, for a total transaction of $2,133,450.00. Following the transaction, the director now directly owns 1,307 shares in the company, valued at $185,894.61. The trade was a 91.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 334,994 shares of company stock worth $42,543,534 over the last 90 days. 12.10% of the stock is currently 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.