14,237 Shares in Sweetgreen, Inc. (NYSE:SG) Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. bought a new position in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,237 shares of the company's stock, valued at approximately $505,000.

A number of other large investors also recently modified their holdings of SG. Hollencrest Capital Management bought a new stake in shares of Sweetgreen during the 3rd quarter valued at about $35,000. Quest Partners LLC acquired a new position in Sweetgreen in the second quarter valued at approximately $76,000. KBC Group NV grew its holdings in shares of Sweetgreen by 29.1% during the third quarter. KBC Group NV now owns 3,127 shares of the company's stock valued at $111,000 after purchasing an additional 704 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Sweetgreen in the 3rd quarter worth approximately $216,000. Finally, Versor Investments LP acquired a new position in Sweetgreen during the 2nd quarter valued at approximately $217,000. 95.75% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Adrienne Gemperle sold 5,372 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.05, for a total value of $182,916.60. Following the sale, the insider now directly owns 107,313 shares in the company, valued at $3,654,007.65. The trade was a 4.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan Neman sold 169,772 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $35.77, for a total transaction of $6,072,744.44. Following the sale, the chief executive officer now owns 1,930,228 shares of the company's stock, valued at $69,044,255.56. The trade was a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 503,671 shares of company stock worth $18,138,774. 21.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $40.00 target price on shares of Sweetgreen in a research note on Friday, November 8th. Piper Sandler reissued a "neutral" rating and set a $39.00 target price (up from $33.00) on shares of Sweetgreen in a research note on Monday, August 19th. TD Cowen restated a "buy" rating and issued a $45.00 price target on shares of Sweetgreen in a research note on Monday, November 18th. Bank of America lifted their price target on Sweetgreen from $39.00 to $43.00 and gave the company a "buy" rating in a report on Monday, August 19th. Finally, Citigroup increased their price objective on Sweetgreen from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Sweetgreen has a consensus rating of "Moderate Buy" and a consensus price target of $39.80.

Sweetgreen Trading Up 5.2 %

NYSE:SG traded up $2.15 during midday trading on Friday, hitting $43.40. 4,326,668 shares of the stock were exchanged, compared to its average volume of 3,569,673. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of -55.64 and a beta of 2.32. Sweetgreen, Inc. has a one year low of $9.21 and a one year high of $44.75. The business has a 50-day moving average price of $36.93 and a two-hundred day moving average price of $32.44.

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.