Landscape Capital Management L.L.C. Buys 8,389 Shares of CAVA Group, Inc. (NYSE:CAVA)

Landscape Capital Management L.L.C. boosted its position in CAVA Group, Inc. (NYSE:CAVA) by 103.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,492 shares of the company’s stock after purchasing an additional 8,389 shares during the period. Landscape Capital Management L.L.C.’s holdings in CAVA Group were worth $1,860,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in CAVA Group by 20.4% in the 4th quarter. Vanguard Group Inc. now owns 8,011,602 shares of the company’s stock worth $903,709,000 after purchasing an additional 1,357,187 shares during the period. Jennison Associates LLC grew its holdings in CAVA Group by 36,658.7% during the 4th quarter. Jennison Associates LLC now owns 2,461,732 shares of the company’s stock valued at $277,683,000 after buying an additional 2,455,035 shares in the last quarter. Two Sigma Advisers LP increased its stake in CAVA Group by 17.0% in the 3rd quarter. Two Sigma Advisers LP now owns 2,210,900 shares of the company’s stock worth $273,820,000 after acquiring an additional 321,800 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of CAVA Group by 1.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,358,250 shares of the company’s stock worth $168,219,000 after acquiring an additional 19,493 shares in the last quarter. Finally, State Street Corp lifted its position in CAVA Group by 33.3% during the third quarter. State Street Corp now owns 1,267,333 shares of the company’s stock valued at $156,959,000 after purchasing an additional 316,514 shares during the last quarter. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Insider Transactions at CAVA Group

In other CAVA Group news, CEO Brett Schulman sold 20,564 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total transaction of $2,450,817.52. Following the completion of the transaction, the chief executive officer now owns 776,369 shares in the company, valued at $92,527,657.42. The trade was a 2.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Adam David Phillips sold 615 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $124.39, for a total value of $76,499.85. Following the sale, the chief accounting officer now directly owns 10,884 shares in the company, valued at $1,353,860.76. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,235 shares of company stock worth $3,514,101. 12.10% of the stock is currently owned by insiders.

CAVA Group Stock Down 10.5 %

CAVA opened at $75.30 on Friday. The company has a market cap of $8.70 billion, a PE ratio of 163.70 and a beta of 3.58. CAVA Group, Inc. has a twelve month low of $58.22 and a twelve month high of $172.43. The company has a 50-day moving average price of $104.28 and a 200 day moving average price of $120.62.

CAVA Group (NYSE:CAVA) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). CAVA Group had a return on equity of 9.10% and a net margin of 5.88%. The company had revenue of $227.40 million for the quarter, compared to analysts’ expectations of $223.34 million. As a group, sell-side analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

CAVA has been the subject of a number of analyst reports. Citigroup lowered their price target on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Bank of America started coverage on CAVA Group in a research note on Monday, March 31st. They issued a “buy” rating and a $112.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of CAVA Group in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upgraded shares of CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a report on Thursday, March 20th. Finally, Piper Sandler upgraded shares of CAVA Group from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $142.00 to $115.00 in a report on Friday, February 28th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, CAVA Group currently has an average rating of “Moderate Buy” and an average price target of $130.25.

About CAVA Group

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.