Analysts Set Sweetgreen, Inc. (NYSE:SG) Price Target at $36.27

Shares of Sweetgreen, Inc. (NYSE:SG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirteen analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $36.27.

A number of research firms have weighed in on SG. Morgan Stanley cut 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 cut their target price on Sweetgreen from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Oppenheimer lowered their price target on Sweetgreen from $41.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. KeyCorp started coverage on Sweetgreen in a report on Wednesday, December 11th. They issued a "sector weight" rating on the stock. Finally, UBS Group decreased their target price on Sweetgreen from $45.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, February 27th.

Insider Activity

In other Sweetgreen news, CFO Mitch Reback sold 8,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $33.13, for a total value of $265,040.00. Following the sale, the chief financial officer now directly owns 350,981 shares in the company, valued at approximately $11,628,000.53. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jonathan Neman sold 5,717 shares of the 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 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 represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,852 shares of company stock valued at $1,052,177. Company insiders own 21.52% of the company's stock.

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Institutional Trading of Sweetgreen

Institutional investors and hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its position in Sweetgreen by 3,571.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,028 shares of the company's stock worth $33,000 after purchasing an additional 1,000 shares during the period. Headlands Technologies LLC boosted its holdings in shares of Sweetgreen by 156.0% during the 4th quarter. Headlands Technologies LLC now owns 1,216 shares of the company's stock worth $39,000 after buying an additional 741 shares during the period. Tower Research Capital LLC TRC grew its stake in Sweetgreen by 45.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the company's stock valued at $50,000 after buying an additional 494 shares during the last quarter. Millstone Evans Group LLC bought a new position in Sweetgreen in the 4th quarter worth $53,000. Finally, Denver PWM LLC acquired a new position in Sweetgreen during the 4th quarter worth $60,000. Institutional investors and hedge funds own 95.75% of the company's stock.

Sweetgreen Stock Down 2.1 %

Shares of SG stock traded down $0.56 during mid-day trading on Monday, hitting $25.57. 937,573 shares of the company's stock were exchanged, compared to its average volume of 3,095,241. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -32.76 and a beta of 2.44. The stock has a 50-day simple moving average of $27.19 and a two-hundred day simple moving average of $33.02. Sweetgreen has a fifty-two week low of $18.77 and a fifty-two week high of $45.12.

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.