Filing Details

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

(Amendment No. )

 

CAVA GROUP INC

(Name of Issuer)

 

COMMON STOCK

(Title of Class of Securities)

 

148929102

(CUSIP NUMBER)

 

June 30, 2023

(Date of Event which Requires Filing of Statement)

 

Check the appropriate box to designate the Rule pursuant to which this

Schedule is filed:

[x] Rule 13d - 1(b)

Rule 13d - 1(c)

Rule 13d - 1(d)

 

1. Name of Reporting Person

T. Rowe Price Investment Management, Inc.

85-4328500

 

2. Check the Appropriate Box if a Member of a Group

NOT APPLICABLE

 

3. SEC Use Only

 

4. Citizenship or Place of Organization

Maryland

 

Number of Shares Beneficially Owned by Each Reporting Person With

 

5. Sole Voting Power* 4,198,112

 

6. Shared Voting Power* 0

 

7. Sole Dispositive Power* 12,673,121

 

8. Shared Dispositive Power 0

 

9. Aggregate Amount Beneficially Owned by Each Reporting Person

12,673,121

 

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

NOT APPLICABLE

 

11. Percent of Class Represented by Amount in Row 9

11.1%

 

12. Type of Reporting Person

IA

 

*Any shares reported in Items 5 and 6 are also reported in Item 7.

 

 

Item 1(a) Name of Issuer:

CAVA GROUP INC

 

Item 1(b) Address of Issuer's Principal Executive Offices:

14 RIDGE SQUARE NW, SUITE 500, WASHINGTON, DC 20016

 

Item 2(a) Name of Person(s) Filing:

(1) T. Rowe Price Investment Management, Inc. (Price Investment Management)

 

 

Item 2(b) Address of Principal Business Office:

101 E. Pratt Street, Baltimore, MD 21201

 

Item 2(c) Citizenship or Place of Organization:

(1) Maryland

 

Item 2(d) Title of Class of Securities: COMMON STOCK

 

Item 2(e) Cusip Number: 148929102

 

Item 3: The person filing this Schedule 13G is an:

X Investment Adviser registered under Section 203 of the Investment

Advisers Act of 1940

 

Item 4: Reference is made to Items 5-11 on the preceding pages of this

Schedule 13G.

 

Item 5: Ownership of Five Percent or Less of a Class

Not Applicable

 

Item 6: Ownership of More than Five Percent on Behalf of Another Person

 

(1) Price Investment Management does not serve as custodian

of the assets of any of its clients; accordingly, in each

instance only the client or the client's custodian or

trustee bank has the right to receive dividends paid with

respect to, and proceeds from the sale of, such securities.

 

The ultimate power to direct the receipt of dividends paid with

respect to, and the proceeds from the sale of, such securities, is

vested in the individual and institutional clients which

Price Investment Management serves as investment adviser.

Any and all discretionary authority which has been delegated to

Price Investment Management may be revoked

in whole or in part at any time.

 

Except as may be indicated if this is a joint filing with one of the

registered investment companies sponsored by

Price Investment Management which it also serves as

investment adviser ("T. Rowe Price Funds"), not more

than 5% of the class of such securities is owned by any one client

subject to the investment advice of Price Investment Management.

 

(2) With respect to securities owned by any one of the T. Rowe Price

Funds, only the custodian for each of such Funds, has the right to

receive dividends paid with respect to, and proceeds from the sale of,

such securities. No other person is known to have such right, except

that the shareholders of each such Fund participate proportionately

in any dividends and distributions so paid.

 

Item 7: Identification and Classification of the Subsidiary Which Acquired the

Security Being Reported on By the Parent Holding Company.

Not Applicable

 

Item 8: Identification and Classification of Members of the Group

Not Applicable

 

Item 9: Notice of Dissolution of Group

Not Applicable

 

Item 10: Certification

By signing below I certify that, to the best of my knowledge and

belief, the securities referred to above were acquired in the

ordinary course of business and were not acquired and are not

held for the purpose of or with the effect of changing or

influencing the control of the issuer of the securities and were

not acquired and are not held in connection with or as a participant

in any transaction having that purpose or effect.

T. Rowe Price Investment Management, Inc. hereby declares and affirms

that the filing of Schedule 13G shall not be construed as an admission

that Price Investment Management is the beneficial owner of the

securities referred to, which beneficial ownership is expressly

denied.

 

Signature.

 

After reasonable inquiry and to the best of my knowledge and belief,

I certify that the information set forth in this statement is true,

complete and correct.

 

T. Rowe Price Investment Management, Inc.

Date: July 10, 2023

Signature: /s/ Armando Capasso

Name & Title: Armando Capasso, Vice President

 

06/30/2023