Diversified Trust Co Purchases 18,733 Shares of Sweetgreen, Inc. (NYSE:SG)

Diversified Trust Co raised its stake in Sweetgreen, Inc. (NYSE:SG - Free Report) by 223.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,126 shares of the company's stock after acquiring an additional 18,733 shares during the period. Diversified Trust Co's holdings in Sweetgreen were worth $870,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in shares of Sweetgreen during the third quarter valued at approximately $35,000. Quest Partners LLC acquired a new position in Sweetgreen during the second quarter worth about $76,000. KBC Group NV raised its position in Sweetgreen by 29.1% in the third quarter. KBC Group NV now owns 3,127 shares of the company's stock worth $111,000 after acquiring an additional 704 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Sweetgreen in the 3rd quarter valued at about $155,000. Finally, Canton Hathaway LLC acquired a new position in shares of Sweetgreen in the 3rd quarter worth approximately $177,000. 95.75% of the stock is currently owned by institutional investors.

Insider Transactions at Sweetgreen

In other news, CTO Wouleta Ayele sold 4,347 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.05, for a total value of $148,015.35. Following the sale, the chief technology officer now directly owns 140,302 shares of the company's stock, valued at approximately $4,777,283.10. This trade represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicolas Jammet sold 170,199 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $37.73, for a total value of $6,421,608.27. Following the sale, the insider now owns 1,760,034 shares of the company's stock, valued at approximately $66,406,082.82. The trade was a 8.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 640,838 shares of company stock valued at $24,800,733 in the last three months. Corporate insiders own 21.52% of the company's stock.

Sweetgreen Price Performance

SG traded up $0.88 on Friday, reaching $33.11. 3,725,187 shares of the company traded hands, compared to its average volume of 2,644,848. The company has a market cap of $3.83 billion, a price-to-earnings ratio of -42.45 and a beta of 2.38. The stock's 50 day moving average price is $36.87 and its 200-day moving average price is $33.59. Sweetgreen, Inc. has a 52-week low of $9.66 and a 52-week high of $45.12.

Analysts Set New Price Targets

SG has been the subject of several recent research reports. Oppenheimer cut their target price on shares of Sweetgreen from $45.00 to $41.00 and set an "outperform" rating for the company in a research note on Tuesday. UBS Group increased their price objective on Sweetgreen from $37.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, November 8th. TD Cowen restated a "buy" rating and issued a $45.00 target price on shares of Sweetgreen in a report on Monday, November 18th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $40.00 target price on shares of Sweetgreen in a research report on Friday, November 8th. Finally, KeyCorp began coverage on Sweetgreen in a research report on Wednesday, December 11th. They issued a "sector weight" rating for the company. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.10.

About Sweetgreen

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.