Lisanti Capital Growth LLC Has $1.83 Million Position in Sweetgreen, Inc. (NYSE:SG)

Lisanti Capital Growth LLC reduced its position in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) by 43.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,145 shares of the company's stock after selling 43,060 shares during the quarter. Lisanti Capital Growth LLC's holdings in Sweetgreen were worth $1,832,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cypress Wealth Services LLC grew its position in Sweetgreen by 6.1% during the fourth quarter. Cypress Wealth Services LLC now owns 8,423 shares of the company's stock valued at $270,000 after purchasing an additional 483 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Sweetgreen by 2.1% during the 4th quarter. Arizona State Retirement System now owns 29,535 shares of the company's stock valued at $947,000 after acquiring an additional 613 shares in the last quarter. KBC Group NV increased its stake in shares of 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 during the last quarter. Pier Capital LLC raised its holdings in shares of Sweetgreen by 0.3% during the third quarter. Pier Capital LLC now owns 293,333 shares of the company's stock worth $10,399,000 after acquiring an additional 761 shares in the last quarter. Finally, Fishman Jay A Ltd. MI raised its holdings in shares of Sweetgreen by 7.7% during the fourth quarter. Fishman Jay A Ltd. MI now owns 12,525 shares of the company's stock worth $402,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 95.75% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group dropped their target price on Sweetgreen from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Oppenheimer reduced their target price on shares of Sweetgreen from $41.00 to $35.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada restated an "outperform" rating and set a $45.00 price target on shares of Sweetgreen in a research note on Tuesday, February 25th. TD Cowen reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Sweetgreen in a research note on Monday, November 18th. Finally, UBS Group decreased their price objective on shares of Sweetgreen from $45.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Sweetgreen presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.27.

Sweetgreen Trading Up 4.3 %

NYSE:SG traded up $1.04 during mid-day trading on Tuesday, hitting $24.91. 3,848,154 shares of the company's stock traded hands, compared to its average volume of 3,786,979. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of -31.93 and a beta of 2.44. The firm has a 50 day moving average of $28.79 and a two-hundred day moving average of $33.56. Sweetgreen, Inc. has a 12 month low of $18.77 and a 12 month high of $45.12.

Insider Activity

In related news, CFO Mitch Reback sold 8,000 shares of the business'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 transaction, the chief financial officer now directly owns 350,981 shares in the company, valued at $11,628,000.53. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nicolas Jammet sold 170,199 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $37.73, for a total value of $6,421,608.27. Following the completion of the sale, the insider now owns 1,760,034 shares of the company's stock, valued at $66,406,082.82. This represents a 8.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 189,125 shares of company stock valued at $6,975,422. 21.52% of the stock is owned by company insiders.

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.