Analysts Set Sweetgreen, Inc. (NYSE:SG) PT at $35.91

Sweetgreen, Inc. (NYSE:SG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $35.91.

Several equities analysts have recently commented on the stock. TD Securities lowered their price target 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. Citigroup lowered their price target on shares of Sweetgreen from $43.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Oppenheimer lowered their price target on shares of Sweetgreen from $41.00 to $35.00 and set an "outperform" 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 report on Tuesday, February 25th. Finally, Piper Sandler reduced their price objective on shares of Sweetgreen from $39.00 to $27.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th.

Sweetgreen Stock Up 7.9 %

Shares of Sweetgreen stock traded up $1.35 on Friday, hitting $18.52. 372,629 shares of the company traded hands, compared to its average volume of 3,315,278. The company has a 50-day moving average price of $22.96 and a 200 day moving average price of $31.10. Sweetgreen has a 12-month low of $16.29 and a 12-month high of $45.12. The company has a market cap of $2.17 billion, a PE ratio of -23.74 and a beta of 2.28.

Insider Transactions at Sweetgreen

In other news, CFO Mitch Reback sold 4,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $21.07, for a total value of $84,280.00. Following the completion of the sale, the chief financial officer now owns 344,509 shares of the company's stock, valued at approximately $7,258,804.63. The trade was a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 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 approximately $42,485,356.20. The trade was a 0.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,852 shares of company stock valued at $871,417 over the last three months. Company insiders own 21.52% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SG. Oppenheimer & Co. Inc. increased its stake in shares of Sweetgreen by 81.8% in the first quarter. Oppenheimer & Co. Inc. now owns 48,070 shares of the company's stock valued at $1,203,000 after buying an additional 21,625 shares during the period. Oppenheimer Asset Management Inc. increased its position in Sweetgreen by 51.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 38,826 shares of the company's stock valued at $971,000 after purchasing an additional 13,130 shares during the period. PSI Advisors LLC increased its position in Sweetgreen by 45.8% during the 1st quarter. PSI Advisors LLC now owns 16,053 shares of the company's stock valued at $402,000 after purchasing an additional 5,045 shares during the period. Harbor Capital Advisors Inc. increased its position in Sweetgreen by 1.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 173,156 shares of the company's stock valued at $4,332,000 after purchasing an additional 2,984 shares during the period. Finally, Cypress Wealth Services LLC boosted its holdings in shares of Sweetgreen by 16.3% during the 1st quarter. Cypress Wealth Services LLC now owns 9,793 shares of the company's stock worth $245,000 after buying an additional 1,370 shares in the last quarter. Institutional investors and hedge funds own 95.75% of the company's stock.

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.