Sweetgreen, Inc. (NYSE:SG) Insider Adrienne Gemperle Sells 3,364 Shares of Stock

Sweetgreen, Inc. (NYSE:SG) insider Adrienne Gemperle sold 3,364 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $10.09, for a total transaction of $33,942.76. Following the completion of the sale, the insider now directly owns 131,148 shares in the company, valued at $1,323,283.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Adrienne Gemperle also recently made the following trade(s):

• On Wednesday, August 23rd, Adrienne Gemperle sold 5,399 shares of Sweetgreen stock. The shares were sold at an average price of $14.53, for a total transaction of $78,447.47.

Sweetgreen Stock Performance

NYSE:SG opened at $9.90 on Tuesday. The company has a fifty day moving average of $10.95 and a two-hundred day moving average of $11.98. The stock has a market capitalization of $1.11 billion, a PE ratio of -8.25 and a beta of 2.05. Sweetgreen, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $16.58.

Wall Street Analysts Forecast Growth

SG has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Sweetgreen in a report on Friday, September 15th. Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 target price on shares of Sweetgreen in a research note on Monday, July 31st. TD Cowen decreased their target price on shares of Sweetgreen from $16.00 to $14.00 and set a “market perform” rating for the company in a research note on Friday, July 28th. JPMorgan Chase & Co. decreased their target price 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. Finally, Piper Sandler decreased their target price 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. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Sweetgreen presently has a consensus rating of “Hold” and a consensus target price of $14.11.

Hedge Funds Weigh In On Sweetgreen

A number of large investors have recently added to or reduced their stakes in SG. The Manufacturers Life Insurance Company raised its position in shares of Sweetgreen by 22.3% in the third quarter. The Manufacturers Life Insurance Company now owns 46,371 shares of the company’s stock valued at $545,000 after buying an additional 8,460 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Sweetgreen by 204.4% in the third quarter. GSA Capital Partners LLP now owns 113,346 shares of the company’s stock valued at $1,332,000 after purchasing an additional 76,110 shares during the period. Royal Bank of Canada grew its holdings in shares of Sweetgreen by 23.0% in the third quarter. Royal Bank of Canada now owns 69,938 shares of the company’s stock valued at $822,000 after purchasing an additional 13,072 shares during the period. Legal & General Group Plc grew its holdings in shares of Sweetgreen by 8.8% in the third quarter. Legal & General Group Plc now owns 86,020 shares of the company’s stock valued at $1,011,000 after purchasing an additional 6,928 shares during the period. Finally, Peconic Partners LLC purchased a new stake in shares of Sweetgreen in the third quarter valued at about $3,525,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.

About Sweetgreen

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.