Natixis Advisors LLC Acquires 14,545 Shares of Sweetgreen, Inc. (NYSE:SG)

Natixis Advisors LLC boosted its stake in Sweetgreen, Inc. (NYSE:SG - Free Report) by 91.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,380 shares of the company's stock after purchasing an additional 14,545 shares during the quarter. Natixis Advisors LLC's holdings in Sweetgreen were worth $1,077,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of SG. Hollencrest Capital Management acquired a new stake in shares of Sweetgreen in the third quarter valued at about $35,000. Quest Partners LLC purchased a new stake in shares of Sweetgreen during the second quarter valued at approximately $76,000. KBC Group NV lifted its position in shares of Sweetgreen by 29.1% during the third quarter. KBC Group NV now owns 3,127 shares of the company's stock worth $111,000 after purchasing an additional 704 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Sweetgreen during the third quarter worth $216,000. Finally, Precision Wealth Strategies LLC purchased a new position in shares of Sweetgreen in the third quarter valued at $227,000. Institutional investors and hedge funds own 95.75% of the company's stock.

Insider Activity

In other Sweetgreen news, insider Nicolas Jammet sold 14,551 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $45.00, for a total value of $654,795.00. Following the completion of the sale, the insider now owns 1,930,233 shares of the company's stock, valued at $86,860,485. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Wouleta Ayele sold 4,347 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.05, for a total value of $148,015.35. Following the completion of the sale, the chief technology officer now directly owns 140,302 shares in the company, valued at approximately $4,777,283.10. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,892 shares of company stock worth $7,499,763 over the last quarter. Corporate insiders own 21.52% of the company's stock.

Sweetgreen Stock Down 2.0 %

Shares of Sweetgreen stock traded down $0.88 during trading on Wednesday, hitting $42.39. The stock had a trading volume of 1,827,518 shares, compared to its average volume of 2,881,304. The stock has a 50 day simple moving average of $37.32 and a 200 day simple moving average of $32.73. Sweetgreen, Inc. has a 1 year low of $9.31 and a 1 year high of $45.12. The company has a market capitalization of $4.90 billion, a PE ratio of -54.40 and a beta of 2.32.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Oppenheimer lifted their price objective on Sweetgreen from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. TD Cowen reaffirmed a "buy" rating and issued a $45.00 price target on shares of Sweetgreen in a report on Monday, November 18th. UBS Group boosted their target price on shares of Sweetgreen from $37.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Morgan Stanley increased their price target on shares of Sweetgreen from $25.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Friday, August 9th. Finally, Bank of America boosted their price objective on Sweetgreen from $39.00 to $43.00 and gave the company a "buy" rating in a report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.80.

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.