Sweetgreen, Inc. (NYSE:SG) Director Sells $50,527.40 in Stock

Sweetgreen, Inc. (NYSE:SG) 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 value of $50,527.40. Following the sale, the director now owns 1,785,099 shares in the company, valued at approximately $42,485,356.20. The trade was a 0.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sweetgreen Trading Down 1.9 %

NYSE SG opened at $23.66 on Wednesday. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of -30.33 and a beta of 2.44. Sweetgreen, Inc. has a twelve month low of $18.77 and a twelve month high of $45.12. The stock has a 50-day moving average of $27.78 and a 200 day moving average of $33.16.

Wall Street Analyst Weigh In

Several research firms have weighed in on SG. Piper Sandler dropped their price target on Sweetgreen from $39.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Citigroup dropped their price target on Sweetgreen from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. KeyCorp began coverage on Sweetgreen in a research note on Wednesday, December 11th. They set a “sector weight” rating on the stock. 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, The Goldman Sachs Group dropped their price target on Sweetgreen from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.27.

Hedge Funds Weigh In On Sweetgreen

A number of large investors have recently bought and sold shares of SG. Steward Partners Investment Advisory LLC raised its holdings in Sweetgreen by 3,571.4% in the 4th 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 raised its holdings in Sweetgreen by 156.0% in the 4th quarter. Headlands Technologies LLC now owns 1,216 shares of the company’s stock worth $39,000 after purchasing an additional 741 shares during the period. Tower Research Capital LLC TRC raised its holdings in Sweetgreen by 45.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the company’s stock worth $50,000 after purchasing an additional 494 shares during the period. Millstone Evans Group LLC acquired a new position in Sweetgreen in the 4th quarter worth about $53,000. Finally, Denver PWM LLC acquired a new position in Sweetgreen in the 4th quarter worth about $60,000. Institutional investors and hedge funds own 95.75% of the company’s stock.

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.