19,653 Shares in Sweetgreen, Inc. (NYSE:SG) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,653 shares of the company's stock, valued at approximately $630,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Verition Fund Management LLC grew its stake in shares of Sweetgreen by 189.6% in the 3rd quarter. Verition Fund Management LLC now owns 173,501 shares of the company's stock worth $6,151,000 after acquiring an additional 113,586 shares in the last quarter. Cox Capital Mgt LLC lifted its stake in Sweetgreen by 76.0% in the 4th quarter. Cox Capital Mgt LLC now owns 53,898 shares of the company's stock worth $1,728,000 after purchasing an additional 23,278 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Sweetgreen by 91.9% in the 3rd quarter. Natixis Advisors LLC now owns 30,380 shares of the company's stock valued at $1,077,000 after purchasing an additional 14,545 shares during the period. Geode Capital Management LLC grew its position in shares of Sweetgreen by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,249,409 shares of the company's stock valued at $79,757,000 after purchasing an additional 116,243 shares in the last quarter. Finally, Diversified Trust Co increased its stake in Sweetgreen by 223.2% in the 4th quarter. Diversified Trust Co now owns 27,126 shares of the company's stock worth $870,000 after acquiring an additional 18,733 shares during the last quarter. 95.75% of the stock is currently owned by institutional investors.

Sweetgreen Price Performance

Shares of SG traded down $0.55 on Tuesday, reaching $25.58. The company's stock had a trading volume of 937,573 shares, compared to its average volume of 3,095,241. The stock's 50 day simple moving average is $27.19 and its two-hundred day simple moving average is $33.02. The stock has a market capitalization of $3.00 billion, a P/E ratio of -32.76 and a beta of 2.44. Sweetgreen, Inc. has a 12-month low of $18.77 and a 12-month high of $45.12.

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Insider Activity

In other Sweetgreen news, COO Rossann Williams sold 4,977 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.80, for a total value of $118,452.60. Following the completion of the sale, the chief operating officer now owns 95,516 shares in the company, valued at approximately $2,273,280.80. This represents a 4.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nathaniel Ru sold 2,123 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.80, for a total value of $50,527.40. Following the completion of the transaction, the director now owns 1,785,099 shares in the company, valued at $42,485,356.20. The trade was a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,852 shares of company stock valued at $1,052,177 in the last 90 days. Company insiders own 21.52% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Oppenheimer cut their price target 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. Piper Sandler cut their target price on Sweetgreen from $39.00 to $27.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. TD Securities reduced their target price on shares of Sweetgreen from $45.00 to $33.00 and set a "buy" rating on the stock in a report 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 report on Tuesday, February 25th. Finally, KeyCorp assumed coverage on Sweetgreen in a research report on Wednesday, December 11th. They issued a "sector weight" rating for the company. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $36.27.

Sweetgreen 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.