Sweetgreen, Inc. (NYSE:SG) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) by 69.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 555,800 shares of the company's stock after selling 1,283,700 shares during the quarter. Renaissance Technologies LLC owned 0.48% of Sweetgreen worth $17,819,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SG. Cox Capital Mgt LLC grew its position in Sweetgreen by 76.0% during the fourth quarter. Cox Capital Mgt LLC now owns 53,898 shares of the company's stock worth $1,728,000 after buying an additional 23,278 shares in the last quarter. Geode Capital Management LLC lifted its position in Sweetgreen by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,249,409 shares of the company's stock worth $79,757,000 after buying an additional 116,243 shares during the last quarter. Moody National Bank Trust Division purchased a new position in shares of Sweetgreen during the fourth quarter valued at $1,182,000. Diversified Trust Co increased its holdings in shares of Sweetgreen by 223.2% in the fourth quarter. Diversified Trust Co now owns 27,126 shares of the company's stock valued at $870,000 after purchasing an additional 18,733 shares during the period. Finally, Franklin Resources Inc. grew its stake in Sweetgreen by 1,399.0% in the 3rd quarter. Franklin Resources Inc. now owns 111,074 shares of the company's stock valued at $4,365,000 after acquiring an additional 103,664 shares during the period. Institutional investors and hedge funds own 95.75% of the company's stock.

Insider Transactions at Sweetgreen

In other Sweetgreen news, COO Rossann Williams sold 4,977 shares of Sweetgreen stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.80, for a total value of $118,452.60. Following the completion of the sale, the chief operating officer now directly owns 95,516 shares in the company, valued at approximately $2,273,280.80. The trade was a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mitch Reback sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $21.07, for a total value of $84,280.00. Following the completion of the transaction, the chief financial officer now owns 344,509 shares in the company, valued at $7,258,804.63. The trade was a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,852 shares of company stock valued at $871,417 over the last 90 days. 21.52% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

SG has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Sweetgreen from $43.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. 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 note on Thursday, February 27th. Morgan Stanley set a $24.00 price target on Sweetgreen in a research report on Monday. Oppenheimer dropped their price target on Sweetgreen from $41.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Finally, UBS Group reduced their target price on Sweetgreen from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.91.

Sweetgreen Trading Down 3.6 %

SG traded down $0.74 on Wednesday, hitting $19.75. 3,204,592 shares of the stock traded hands, compared to its average volume of 3,265,725. The business has a fifty day moving average price of $23.90 and a two-hundred day moving average price of $31.67. Sweetgreen, Inc. has a 52 week low of $18.62 and a 52 week high of $45.12. The firm has a market capitalization of $2.32 billion, a PE ratio of -25.32 and a beta of 2.28.

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.