Legato Capital Management LLC Has $1.81 Million Holdings in Sweetgreen, Inc. (NYSE:SG)

Legato Capital Management LLC trimmed its position in Sweetgreen, Inc. (NYSE:SG - Free Report) by 24.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 56,593 shares of the company's stock after selling 18,608 shares during the period. Legato Capital Management LLC's holdings in Sweetgreen were worth $1,814,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in shares of Sweetgreen in the 3rd quarter worth $35,000. Wilmington Savings Fund Society FSB bought a new position in shares of Sweetgreen in the 4th quarter worth $62,000. KBC Group NV boosted its position in shares of Sweetgreen by 29.1% in the 3rd quarter. KBC Group NV now owns 3,127 shares of the company's stock worth $111,000 after purchasing an additional 704 shares during the last quarter. Quest Partners LLC boosted its position in shares of Sweetgreen by 68.4% in the 3rd quarter. Quest Partners LLC now owns 4,256 shares of the company's stock worth $151,000 after purchasing an additional 1,728 shares during the last quarter. Finally, Sachetta LLC boosted its position in shares of Sweetgreen by 37.6% in the 4th quarter. Sachetta LLC now owns 4,324 shares of the company's stock worth $139,000 after purchasing an additional 1,182 shares during the last quarter. 95.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on SG. Citigroup dropped their price objective on Sweetgreen from $49.00 to $43.00 and set a "buy" rating on the stock in a research note on Wednesday. TD Cowen reaffirmed a "buy" rating and set a $45.00 price objective on shares of Sweetgreen in a research note on Monday, November 18th. Oppenheimer dropped their price objective on Sweetgreen from $45.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. KeyCorp began coverage on Sweetgreen in a research note on Wednesday, December 11th. They set a "sector weight" rating on the stock. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $40.00 price objective on shares of Sweetgreen in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Sweetgreen has an average rating of "Moderate Buy" and a consensus price target of $40.60.

Sweetgreen Stock Performance

SG traded up $0.01 on Friday, hitting $27.17. 2,823,150 shares of the company were exchanged, compared to its average volume of 2,506,635. Sweetgreen, Inc. has a 12 month low of $10.93 and a 12 month high of $45.12. The company has a market cap of $3.14 billion, a PE ratio of -34.84 and a beta of 2.37. The stock's fifty day moving average is $32.49 and its 200-day moving average is $34.41.

Insider Buying and Selling

In related news, CFO Mitch Reback sold 8,000 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $33.13, for a total transaction of $265,040.00. Following the sale, the chief financial officer now owns 350,981 shares in the company, valued at approximately $11,628,000.53. This represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Wouleta Ayele sold 4,347 shares of the company'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 owns 140,302 shares in the company, valued at $4,777,283.10. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 601,607 shares of company stock worth $23,177,393. Corporate 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.