Sweetgreen, Inc. (NYSE:SG – Get Free Report) CFO Mitch Reback sold 5,525 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $10.09, for a total transaction of $55,747.25. Following the completion of the transaction, the chief financial officer now owns 442,681 shares of the company’s stock, valued at $4,466,651.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Mitch Reback also recently made the following trade(s):
- On Friday, August 25th, Mitch Reback sold 14,324 shares of Sweetgreen stock. The shares were sold at an average price of $13.90, for a total transaction of $199,103.60.
Sweetgreen Stock Performance
Shares of NYSE SG opened at $9.90 on Tuesday. Sweetgreen, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $16.58. The company has a 50 day simple moving average of $10.95 and a two-hundred day simple moving average of $11.98. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -8.25 and a beta of 2.05.
Hedge Funds Weigh In On Sweetgreen
Analyst Ratings Changes
Several analysts have issued reports on the stock. Morgan Stanley restated an “equal weight” rating and set a $14.00 price target on shares of Sweetgreen in a research report on Monday, July 31st. Citigroup cut their price target on shares of Sweetgreen from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Royal Bank of Canada restated an “outperform” rating and set a $18.00 price target on shares of Sweetgreen in a research report on Friday, September 15th. Piper Sandler lowered their price objective on shares of Sweetgreen from $19.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Sweetgreen from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Sweetgreen has a consensus rating of “Hold” and a consensus target price of $14.11.
Sweetgreen, Inc, together with its subsidiaries, develops and operates fast-casual restaurants serving healthy foods prepared from seasonal and organic ingredients. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that can be redeemed in its restaurants.
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