Zweig DiMenna Associates LLC Has $1.64 Million Holdings in Sweetgreen, Inc. (NYSE:SG)

Zweig DiMenna Associates LLC trimmed its position in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) by 45.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,200 shares of the company's stock after selling 42,700 shares during the quarter. Zweig DiMenna Associates LLC's holdings in Sweetgreen were worth $1,641,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Driehaus Capital Management LLC lifted its position 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 valued at $81,028,000 after acquiring an additional 1,878,216 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Sweetgreen by 139.9% in the third quarter. Stephens Investment Management Group LLC now owns 939,335 shares of the company's stock valued at $33,299,000 after acquiring an additional 547,816 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Sweetgreen by 13.3% in the third quarter. Lord Abbett & CO. LLC now owns 2,313,996 shares of the company's stock valued at $82,032,000 after acquiring an additional 272,340 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Sweetgreen by 848.2% in the third quarter. Tidal Investments LLC now owns 270,141 shares of the company's stock valued at $9,576,000 after acquiring an additional 241,652 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Sweetgreen by 7.5% in the third quarter. Wellington Management Group LLP now owns 3,407,163 shares of the company's stock valued at $120,784,000 after acquiring an additional 236,874 shares in the last quarter. 95.75% of the stock is currently owned by hedge funds and other institutional investors.

Sweetgreen Trading Up 0.4 %

SG stock traded up $0.11 during mid-day trading on Friday, hitting $30.07. The stock had a trading volume of 3,023,911 shares, compared to its average volume of 2,730,873. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of -38.55 and a beta of 2.38. The company has a fifty day moving average of $35.57 and a 200 day moving average of $33.82. Sweetgreen, Inc. has a 1-year low of $10.21 and a 1-year high of $45.12.

Sweetgreen (NYSE:SG - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.02). The firm had revenue of $173.43 million during the quarter, compared to the consensus estimate of $173.67 million. Sweetgreen had a negative return on equity of 18.82% and a negative net margin of 13.27%. During the same quarter in the prior year, the business posted ($0.22) EPS. As a group, sell-side analysts expect that Sweetgreen, Inc. will post -0.74 earnings per share for the current fiscal year.

Insider Activity

In other Sweetgreen news, insider Nathaniel Ru sold 1,263 shares of the business's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $40.01, for a total transaction of $50,532.63. Following the transaction, the insider now owns 1,952,129 shares of the company's stock, valued at $78,104,681.29. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mitch Reback sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $33.13, for a total value of $265,040.00. Following the transaction, the chief financial officer now directly owns 350,981 shares in the company, valued at approximately $11,628,000.53. This trade represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 648,838 shares of company stock valued at $25,065,773. Company insiders own 21.52% of the company's stock.

Wall Street Analysts Forecast Growth

SG has been the topic of several recent research reports. The Goldman Sachs Group restated a "neutral" rating and issued a $40.00 price objective on shares of Sweetgreen in a research report on Friday, November 8th. UBS Group upped their price objective on Sweetgreen from $37.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Citigroup upgraded Sweetgreen from a "neutral" rating to a "buy" rating and increased their target price for the stock from $44.00 to $49.00 in a research report on Friday, January 10th. KeyCorp assumed coverage on Sweetgreen in a research report on Wednesday, December 11th. They set a "sector weight" rating on the stock. Finally, Oppenheimer reduced their target price on Sweetgreen from $45.00 to $41.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.20.

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.