Segall Bryant & Hamill LLC Makes New $6.19 Million Investment in Sweetgreen, Inc. (NYSE:SG)

Segall Bryant & Hamill LLC purchased a new stake in Sweetgreen, Inc. (NYSE:SG - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 174,645 shares of the company's stock, valued at approximately $6,191,000. Segall Bryant & Hamill LLC owned about 0.15% of Sweetgreen as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new stake in Sweetgreen during the third quarter worth $35,000. Quest Partners LLC acquired a new stake in Sweetgreen during the second quarter worth $76,000. KBC Group NV boosted 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 buying an additional 704 shares during the period. Atomi Financial Group Inc. purchased 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 during the third quarter worth $227,000. Institutional investors and hedge funds own 95.75% of the company's stock.

Sweetgreen Price Performance

Shares of SG traded up $2.19 during midday trading on Friday, reaching $43.44. 4,324,762 shares of the stock were exchanged, compared to its average volume of 2,888,376. The business's 50-day moving average price is $36.93 and its 200 day moving average price is $32.38. Sweetgreen, Inc. has a twelve month low of $9.21 and a twelve month high of $44.75. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of -55.69 and a beta of 2.32.

Insider Transactions at Sweetgreen

In related news, Director Bradley E. Singer sold 42,730 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $38.09, for a total value of $1,627,585.70. Following the transaction, the director now owns 139,052 shares in the company, valued at $5,296,490.68. The trade was a 23.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Wouleta Ayele sold 4,347 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.05, for a total value of $148,015.35. Following the transaction, the chief technology officer now directly owns 140,302 shares of the company's stock, valued at approximately $4,777,283.10. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 503,671 shares of company stock worth $18,138,774. Corporate insiders own 21.52% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SG shares. Oppenheimer raised their price target on Sweetgreen from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Citigroup raised their price target on Sweetgreen from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Friday, August 9th. TD Cowen restated a "buy" rating and set a $45.00 price target on shares of Sweetgreen in a research report on Monday. UBS Group raised their price target on Sweetgreen from $37.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $39.00 target price (up from $33.00) on shares of Sweetgreen in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $39.80.

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.