Insider Selling: Sweetgreen, Inc. (NYSE:SG) Director Sells 2,123 Shares of Stock

Sweetgreen, Inc. (NYSE:SG - Get Free Report) Director Nathaniel Ru sold 2,123 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.80, for a total transaction of $50,527.40. Following the sale, the director now directly owns 1,785,099 shares of the company's stock, valued at approximately $42,485,356.20. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sweetgreen Trading Up 2.2 %

Shares of SG stock traded up $0.54 during trading on Friday, reaching $24.97. 4,235,812 shares of the company's stock traded hands, compared to its average volume of 3,089,389. The company has a market capitalization of $2.93 billion, a P/E ratio of -32.01 and a beta of 2.44. The firm's 50-day moving average is $27.30 and its 200 day moving average is $32.99. Sweetgreen, Inc. has a 1 year low of $18.77 and a 1 year high of $45.12.

Institutional Trading of Sweetgreen

Institutional investors and hedge funds have recently bought and sold shares of the company. GLOBALT Investments LLC GA purchased a new stake in Sweetgreen in the 3rd quarter worth approximately $591,000. Verition Fund Management LLC lifted its stake in 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 purchasing 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 lifted its stake in Sweetgreen by 91.9% in the 3rd quarter. Natixis Advisors LLC now owns 30,380 shares of the company's stock worth $1,077,000 after purchasing an additional 14,545 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Sweetgreen by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,249,409 shares of the company's stock worth $79,757,000 after purchasing an additional 116,243 shares in the last quarter. 95.75% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. KeyCorp assumed coverage on shares of Sweetgreen in a research report on Wednesday, December 11th. They set a "sector weight" rating for the company. TD Securities decreased their target price on shares of Sweetgreen from $45.00 to $33.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. UBS Group decreased their target price on shares of Sweetgreen from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $45.00 price objective on shares of Sweetgreen in a research report on Tuesday, February 25th. Finally, 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 report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.27.

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.