282,710 Shares in Sweetgreen, Inc. (NYSE:SG) Purchased by Amundi

Amundi purchased a new position in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 282,710 shares of the company's stock, valued at approximately $9,112,000. Amundi owned about 0.24% of Sweetgreen at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairfield Financial Advisors LTD bought a new stake in shares of Sweetgreen in the fourth quarter worth $83,000. Raymond James Financial Inc. acquired a new position in Sweetgreen during the 4th quarter worth about $2,265,000. Arizona State Retirement System grew its position in shares of Sweetgreen by 2.1% in the 4th quarter. Arizona State Retirement System now owns 29,535 shares of the company's stock valued at $947,000 after buying an additional 613 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Sweetgreen in the fourth quarter valued at about $630,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Sweetgreen by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 849,512 shares of the company's stock worth $27,235,000 after acquiring an additional 19,263 shares during the last quarter. Institutional investors and hedge funds own 95.75% of the company's stock.

Sweetgreen Trading Down 1.9 %

Sweetgreen stock traded down $0.47 during trading on Tuesday, hitting $23.66. 2,127,549 shares of the company were exchanged, compared to its average volume of 3,082,970. The business's 50 day moving average is $27.94 and its 200 day moving average is $33.22. Sweetgreen, Inc. has a 52 week low of $18.77 and a 52 week high of $45.12. The company has a market capitalization of $2.77 billion, a P/E ratio of -30.33 and a beta of 2.44.

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Wall Street Analyst Weigh In

A number of analysts have weighed in on SG shares. Royal Bank of Canada reissued an "outperform" rating and set a $45.00 target price on shares of Sweetgreen in a research report on Tuesday, February 25th. Morgan Stanley dropped their target price on shares of Sweetgreen from $32.00 to $28.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. KeyCorp assumed coverage on Sweetgreen in a report on Wednesday, December 11th. They set a "sector weight" rating for the company. TD Cowen reissued a "buy" rating and issued a $45.00 price objective on shares of Sweetgreen in a research note on Monday, November 18th. Finally, Citigroup decreased their target price on Sweetgreen from $43.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.27.

Insider Transactions at Sweetgreen

In other Sweetgreen news, CFO Mitch Reback sold 10,926 shares of Sweetgreen stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.43, for a total transaction of $288,774.18. Following the transaction, the chief financial officer now owns 344,055 shares of the company's stock, valued at $9,093,373.65. This trade represents a 3.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 21.52% of the company's stock.

Sweetgreen Company Profile

Sweetgreen, Inc, together with its subsidiaries, operates fast food restaurants serving healthy foods at scale in the United States. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that do not have an expiration date and can be redeemed. The company was founded in 2006 and is headquartered in Los Angeles, California.