Landscape Capital Management L.L.C. Boosts Position in CAVA Group, Inc. (NYSE:CAVA)

Landscape Capital Management L.L.C. grew its stake in CAVA Group, Inc. (NYSE:CAVA - Free Report) by 103.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,492 shares of the company's stock after acquiring an additional 8,389 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in CAVA Group were worth $1,860,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Howard Financial Services LTD. boosted its position in shares of CAVA Group by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 6,194 shares of the company's stock valued at $699,000 after buying an additional 109 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of CAVA Group by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 422 shares of the company's stock valued at $48,000 after purchasing an additional 114 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company's stock worth $32,000 after buying an additional 127 shares during the last quarter. Mainstream Capital Management LLC lifted its stake in shares of CAVA Group by 0.7% in the 4th quarter. Mainstream Capital Management LLC now owns 17,758 shares of the company's stock worth $2,003,000 after purchasing an additional 132 shares during the period. Finally, PSI Advisors LLC grew its position in shares of CAVA Group by 11.3% during the 4th quarter. PSI Advisors LLC now owns 1,473 shares of the company's stock valued at $166,000 after acquiring an additional 150 shares during the period. 73.15% of the stock is owned by institutional investors.

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CAVA Group Stock Down 5.8 %

Shares of NYSE CAVA traded down $5.35 during midday trading on Thursday, hitting $86.60. The stock had a trading volume of 1,496,869 shares, compared to its average volume of 3,093,994. CAVA Group, Inc. has a 1 year low of $58.22 and a 1 year high of $172.43. The stock has a 50 day simple moving average of $99.52 and a 200-day simple moving average of $119.16. The company has a market capitalization of $10.01 billion, a PE ratio of 188.02 and a beta of 3.33.

CAVA Group (NYSE:CAVA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate 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, analysts expect that CAVA Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CAVA. William Blair reiterated an "outperform" rating on shares of CAVA Group in a research report on Wednesday, February 26th. Robert W. Baird set a $105.00 target price on shares of CAVA Group and gave the stock an "outperform" rating in a report on Monday. Barclays lowered their price objective on CAVA Group from $127.00 to $104.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Loop Capital cut their target price on CAVA Group from $147.00 to $100.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Finally, Piper Sandler raised CAVA Group from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $142.00 to $115.00 in a research note on Friday, February 28th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.56.

Insider Activity at CAVA Group

In related news, insider Theodoros Xenohristos sold 851 shares of CAVA Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $119.18, for a total value of $101,422.18. Following the completion of the transaction, the insider now owns 358,995 shares in the company, valued at approximately $42,785,024.10. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kenneth Robert Bertram sold 678 shares of CAVA Group stock in a transaction on Monday, January 27th. The shares were sold at an average price of $124.39, for a total value of $84,336.42. Following the completion of the transaction, the insider now owns 57,312 shares of the company's stock, valued at approximately $7,129,039.68. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,235 shares of company stock worth $3,514,101. Insiders own 12.10% of the company's stock.

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.