Cox Capital Mgt LLC Buys 23,278 Shares of Sweetgreen, Inc. (NYSE:SG)

Cox Capital Mgt LLC increased its holdings in Sweetgreen, Inc. (NYSE:SG - Free Report) by 76.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,898 shares of the company's stock after acquiring an additional 23,278 shares during the period. Cox Capital Mgt LLC's holdings in Sweetgreen were worth $1,728,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SG. Driehaus Capital Management LLC increased its stake in shares of Sweetgreen by 231.8% in the second quarter. Driehaus Capital Management LLC now owns 2,688,403 shares of the company's stock worth $81,028,000 after acquiring an additional 1,878,216 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Sweetgreen in the second quarter valued at about $29,109,000. Stephens Investment Management Group LLC increased its position in Sweetgreen by 139.9% in the 3rd quarter. Stephens Investment Management Group LLC now owns 939,335 shares of the company's stock worth $33,299,000 after purchasing an additional 547,816 shares during the last quarter. Hood River Capital Management LLC increased its position in Sweetgreen by 42.6% in the 2nd quarter. Hood River Capital Management LLC now owns 1,643,028 shares of the company's stock worth $49,521,000 after purchasing an additional 490,806 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in shares of Sweetgreen by 13.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 2,313,996 shares of the company's stock worth $82,032,000 after purchasing an additional 272,340 shares in the last quarter. 95.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sweetgreen

In other Sweetgreen news, CEO Jonathan Neman sold 51,128 shares of Sweetgreen stock in a transaction on Monday, December 9th. The shares were sold at an average price of $38.60, for a total transaction of $1,973,540.80. Following the sale, the chief executive officer now owns 1,930,228 shares in the company, valued at $74,506,800.80. The trade was a 2.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicolas Jammet sold 170,199 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $37.73, for a total transaction of $6,421,608.27. Following the completion of the transaction, the insider now owns 1,760,034 shares of the company's stock, valued at approximately $66,406,082.82. This represents a 8.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 640,838 shares of company stock valued at $24,800,733 in the last 90 days. 21.52% of the stock is currently owned by insiders.

Sweetgreen Stock Performance

Shares of NYSE:SG traded up $0.24 during midday trading on Wednesday, hitting $32.98. The company's stock had a trading volume of 1,794,854 shares, compared to its average volume of 2,425,761. Sweetgreen, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $45.12. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of -42.28 and a beta of 2.38. The stock's 50 day simple moving average is $36.51 and its 200 day simple moving average is $33.72.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SG. The Goldman Sachs Group restated a "neutral" rating and issued a $40.00 price objective on shares of Sweetgreen in a report on Friday, November 8th. Citigroup upgraded shares of Sweetgreen from a "neutral" rating to a "buy" rating and increased their price target for the stock from $44.00 to $49.00 in a research note on Friday, January 10th. Oppenheimer cut their price target on shares of Sweetgreen from $45.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. TD Cowen reiterated a "buy" rating and issued a $45.00 price objective on shares of Sweetgreen in a report on Monday, November 18th. Finally, KeyCorp began coverage on Sweetgreen in a report on Wednesday, December 11th. They set a "sector weight" rating on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.10.

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.