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Mission Creek Capital Partners Inc. Invests $1.74 Million in Sweetgreen, Inc. (NYSE:SG)

Sweetgreen logo with Retail/Wholesale background

Mission Creek Capital Partners Inc. bought a new position in Sweetgreen, Inc. (NYSE:SG - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 49,186 shares of the company's stock, valued at approximately $1,744,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SG. Essex Investment Management Co. LLC lifted its holdings in shares of Sweetgreen by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 112,647 shares of the company's stock valued at $3,993,000 after acquiring an additional 314 shares during the period. Evolutionary Tree Capital Management LLC increased its stake in shares of Sweetgreen by 0.7% in the second quarter. Evolutionary Tree Capital Management LLC now owns 65,756 shares of the company's stock valued at $1,982,000 after buying an additional 474 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Sweetgreen by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 27,913 shares of the company's stock valued at $990,000 after buying an additional 537 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 valued at $111,000 after buying an additional 704 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of Sweetgreen in the third quarter valued at $35,000. 95.75% of the stock is owned by institutional investors.

Insider Buying and Selling at Sweetgreen

In other news, insider Nathaniel Ru sold 9,250 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $28.74, for a total transaction of $265,845.00. Following the sale, the insider now owns 1,952,129 shares in the company, valued at $56,104,187.46. This represents a 0.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nicolas Jammet sold 14,551 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $45.00, for a total value of $654,795.00. Following the sale, the insider now owns 1,930,233 shares in the company, valued at approximately $86,860,485. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,892 shares of company stock worth $7,499,763. Corporate insiders own 21.52% of the company's stock.

Analyst Upgrades and Downgrades

SG has been the subject of a number of research reports. TD Cowen reiterated a "buy" rating and issued a $45.00 price objective on shares of Sweetgreen in a research report on Monday, November 18th. Bank of America boosted their target price on Sweetgreen from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Monday, August 19th. Citigroup boosted their target price on Sweetgreen from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Friday, August 9th. UBS Group boosted their target price on Sweetgreen from $37.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Oppenheimer boosted their target price on Sweetgreen from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $39.80.

Check Out Our Latest Stock Report on SG

Sweetgreen Trading Up 5.1 %

Shares of NYSE:SG traded up $1.96 during trading on Wednesday, hitting $40.49. 2,135,673 shares of the company's stock traded hands, compared to its average volume of 2,865,399. The company has a market cap of $4.68 billion, a price-to-earnings ratio of -52.65 and a beta of 2.32. The company has a 50-day moving average price of $37.80 and a 200-day moving average price of $33.04. Sweetgreen, Inc. has a 52 week low of $9.59 and a 52 week high of $45.12.

About Sweetgreen

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Sweetgreen (NYSE:SG)

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