Sweetgreen, Inc. (NYSE:SG) Director Bradley E. Singer Sells 7,270 Shares

Sweetgreen, Inc. (NYSE:SG) Director Bradley E. Singer sold 7,270 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $39.70, for a total transaction of $288,619.00. Following the sale, the director now owns 181,782 shares in the company, valued at approximately $7,216,745.40. This trade represents a 3.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Sweetgreen Stock Down 0.4 %

NYSE:SG opened at $33.51 on Friday. The company has a market cap of $3.82 billion, a PE ratio of -42.96 and a beta of 2.32. Sweetgreen, Inc. has a 52 week low of $9.21 and a 52 week high of $42.77. The business’s 50 day moving average is $36.25 and its two-hundred day moving average is $31.79.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Sweetgreen from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. UBS Group lifted their price objective on shares of Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Bank of America upped their target price on shares of Sweetgreen from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Morgan Stanley lifted their price target on shares of Sweetgreen from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $40.00 price objective on shares of Sweetgreen in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.80.

Institutional Investors Weigh In On Sweetgreen

Large investors have recently made changes to their positions in the company. Swiss National Bank lifted its holdings in Sweetgreen by 0.9% in the first quarter. Swiss National Bank now owns 176,600 shares of the company’s stock worth $4,461,000 after purchasing an additional 1,500 shares during the period. Sei Investments Co. bought a new position in Sweetgreen during the 1st quarter valued at $1,110,000. ProShare Advisors LLC raised its position in Sweetgreen by 9.9% in the first quarter. ProShare Advisors LLC now owns 17,584 shares of the company’s stock worth $444,000 after acquiring an additional 1,585 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Sweetgreen during the first quarter valued at $279,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Sweetgreen in the 1st quarter valued at $13,872,000. Institutional investors and hedge funds own 95.75% of the company’s stock.

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.