BlackRock Inc. acquired 9,645,932 shares of CAVA Group, Inc.
The investment is valued at approximately $757.01 million.
This purchase gives BlackRock an 8.28% ownership stake in the fast-casual restaurant chain.
BlackRock disclosed the position in a 13F filing with the Securities and Exchange Commission on August 23, 2026.
The world's largest asset manager's move signals confidence in CAVA's growth trajectory and business model.
Large institutional disclosures of this scale often influence market perception and investor sentiment.
This acquisition follows a period of active trading in CAVA shares by other major institutional investors.