Summary by Futu AI
T. Rowe Price Investment Management, Inc. (Price Investment Management) filed an amended Schedule 13G/A with the SEC on September 30, 2024, indicating a change in their holdings of CAVA Group Inc. common stock. The filing revealed that Price Investment Management now beneficially owns 888,425 shares, representing 0.8% of the class, which is a decrease from a previous holding that was over 5%. The address of Price Investment Management's principal business office is 101 E. Pratt Street, Baltimore, MD. The firm is registered as an investment adviser and asserts that the securities were acquired in the ordinary course of business, not for the purpose of changing or influencing control of the issuer. The filing also states that any discretionary authority delegated to Price Investment Management may be revoked at any time by their clients, and no single client owns more than 5% of the class of securities advised by Price Investment Management. The filing was signed by Ellen York, Vice President of Price Investment Management, on November 14, 2024.
