Sweetgreen, Inc. (NYSE:SG) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 239,549 shares of the company's stock after selling 12,172 shares during the quarter. Sei Investments Co. owned 0.21% of Sweetgreen worth $7,680,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its stake in shares of Sweetgreen by 3,571.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,028 shares of the company's stock valued at $33,000 after buying an additional 1,000 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Sweetgreen in the 4th quarter valued at about $53,000. Denver PWM LLC purchased a new stake in Sweetgreen during the fourth quarter worth about $60,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sweetgreen during the fourth quarter worth about $62,000. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in shares of Sweetgreen in the fourth quarter valued at approximately $77,000. 95.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SG has been the topic of a number of research reports. Piper Sandler reduced their target price on shares of Sweetgreen from $39.00 to $27.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group cut their price target on Sweetgreen from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Citigroup decreased their price objective on Sweetgreen from $43.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $45.00 target price on shares of Sweetgreen in a report on Tuesday, February 25th. Finally, Morgan Stanley dropped their price objective on shares of Sweetgreen from $32.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Sweetgreen presently has a consensus rating of "Moderate Buy" and an average price target of $36.27.

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Sweetgreen Stock Up 0.6 %

NYSE:SG traded up $0.16 during mid-day trading on Wednesday, reaching $25.63. 1,346,624 shares of the stock were exchanged, compared to its average volume of 3,150,024. The stock has a market capitalization of $3.01 billion, a P/E ratio of -32.86 and a beta of 2.44. Sweetgreen, Inc. has a 1 year low of $18.77 and a 1 year high of $45.12. The company has a 50 day simple moving average of $26.35 and a 200-day simple moving average of $32.79.

Insider Buying and Selling

In other Sweetgreen news, CEO Jonathan Neman sold 5,717 shares of the 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 $136,064.60. Following the completion of the sale, the chief executive officer now directly owns 1,810,263 shares of the company's stock, valued at approximately $43,084,259.40. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nathaniel Ru sold 2,123 shares of Sweetgreen stock in a transaction that occurred on 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. This trade represents 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 worth $1,052,177 in the last 90 days. Company insiders own 21.52% of the company's stock.

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.