Segall Bryant & Hamill LLC Boosts Holdings in Sweetgreen, Inc. (NYSE:SG)

Segall Bryant & Hamill LLC raised its stake in Sweetgreen, Inc. (NYSE:SG - Free Report) by 29.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 226,871 shares of the company's stock after purchasing an additional 52,226 shares during the quarter. Segall Bryant & Hamill LLC owned 0.20% of Sweetgreen worth $7,273,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC boosted its holdings in shares of Sweetgreen by 91.9% in the third quarter. Natixis Advisors LLC now owns 30,380 shares of the company's stock valued at $1,077,000 after acquiring an additional 14,545 shares in the last quarter. Quest Partners LLC boosted its holdings in Sweetgreen by 68.4% in the 3rd quarter. Quest Partners LLC now owns 4,256 shares of the company's stock valued at $151,000 after purchasing an additional 1,728 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Sweetgreen in the 3rd quarter valued at approximately $1,045,000. Charles Schwab Investment Management Inc. increased its position in Sweetgreen by 8.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 830,249 shares of the company's stock worth $29,432,000 after purchasing an additional 64,205 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Sweetgreen by 3.6% during the 3rd quarter. Cerity Partners LLC now owns 57,258 shares of the company's stock worth $2,030,000 after buying an additional 1,997 shares in the last quarter. Institutional investors and hedge funds own 95.75% of the company's stock.

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Analysts Set New Price Targets

SG has been the topic of a number of analyst reports. Piper Sandler decreased their price target on Sweetgreen from $39.00 to $27.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Morgan Stanley lowered their price target on shares of Sweetgreen from $32.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group reduced their price objective on shares of Sweetgreen from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada reissued an "outperform" rating and set a $45.00 price objective on shares of Sweetgreen in a report on Tuesday, February 25th. Finally, Oppenheimer dropped their target price on shares of Sweetgreen from $41.00 to $35.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.27.

Sweetgreen Stock Down 1.9 %

Shares of Sweetgreen stock traded down $0.48 during trading on Monday, hitting $25.05. 3,511,554 shares of the company were exchanged, compared to its average volume of 3,154,194. Sweetgreen, Inc. has a fifty-two week low of $18.77 and a fifty-two week high of $45.12. The firm has a 50 day moving average price of $26.46 and a 200 day moving average price of $32.85. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of -32.12 and a beta of 2.44.

Insiders Place Their Bets

In related news, CEO Jonathan Neman sold 5,717 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.80, for a total transaction of $136,064.60. Following the transaction, the chief executive officer now owns 1,810,263 shares of the company's stock, valued at approximately $43,084,259.40. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nathaniel Ru sold 2,123 shares of Sweetgreen stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.80, for a total transaction of $50,527.40. Following the completion of the sale, the director now directly owns 1,785,099 shares of the company's stock, 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. Over the last 90 days, insiders sold 39,852 shares of company stock valued at $1,052,177. Corporate insiders own 21.52% of the company's stock.

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.