Sweetgreen, Inc. (NYSE:SG) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its holdings in Sweetgreen, Inc. (NYSE:SG - Free Report) by 18.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 170,172 shares of the company's stock after acquiring an additional 26,731 shares during the quarter. Harbor Capital Advisors Inc. owned 0.15% of Sweetgreen worth $5,456,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SG. Driehaus Capital Management LLC grew its stake in shares of Sweetgreen by 231.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,688,403 shares of the company's stock worth $81,028,000 after purchasing an additional 1,878,216 shares during the period. Renaissance Technologies LLC purchased a new stake in Sweetgreen during the second quarter worth $29,109,000. Stephens Investment Management Group LLC grew its position in Sweetgreen by 139.9% during the third quarter. Stephens Investment Management Group LLC now owns 939,335 shares of the company's stock valued at $33,299,000 after buying an additional 547,816 shares during the period. Hood River Capital Management LLC grew its position in Sweetgreen by 42.6% during the second quarter. Hood River Capital Management LLC now owns 1,643,028 shares of the company's stock valued at $49,521,000 after buying an additional 490,806 shares during the period. Finally, Lord Abbett & CO. LLC increased its holdings in Sweetgreen by 13.3% in the third quarter. Lord Abbett & CO. LLC now owns 2,313,996 shares of the company's stock valued at $82,032,000 after buying an additional 272,340 shares in the last quarter. Hedge funds and other institutional investors own 95.75% of the company's stock.

Insider Buying and Selling

In other news, CFO Mitch Reback sold 72,000 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.77, for a total transaction of $2,719,440.00. Following the completion of the sale, the chief financial officer now owns 43,901 shares in the company, valued at approximately $1,658,140.77. The trade was a 62.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicolas Jammet sold 170,199 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $37.73, for a total transaction of $6,421,608.27. Following the completion of the transaction, the insider now directly owns 1,760,034 shares in the company, valued at $66,406,082.82. This trade represents a 8.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 640,838 shares of company stock worth $24,800,733. Company insiders own 21.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SG shares. Citigroup raised Sweetgreen from a "neutral" rating to a "buy" rating and upped their target price for the stock from $44.00 to $49.00 in a research note on Friday. The Goldman Sachs Group reissued a "neutral" rating and set a $40.00 target price on shares of Sweetgreen in a research note on Friday, November 8th. UBS Group raised their price target on shares of Sweetgreen from $37.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Oppenheimer cut their price objective on Sweetgreen from $45.00 to $41.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, KeyCorp began coverage on Sweetgreen in a research report on Wednesday, December 11th. They issued a "sector weight" rating on the stock. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Sweetgreen presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.10.

Sweetgreen Price Performance

Shares of NYSE SG traded up $0.88 during midday trading on Friday, hitting $33.11. The company's stock had a trading volume of 3,725,317 shares, compared to its average volume of 2,644,848. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of -42.45 and a beta of 2.38. The business's fifty day simple moving average is $36.78 and its two-hundred day simple moving average is $33.65. Sweetgreen, Inc. has a 1 year low of $9.66 and a 1 year high of $45.12.

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.