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

Sweetgreen, Inc. (NYSE:SGGet Free Report) Director Bradley E. Singer sold 7,270 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $39.70, for a total value of $288,619.00. Following the transaction, the director now directly owns 181,782 shares in the company, valued at approximately $7,216,745.40. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Sweetgreen Price Performance

Shares of NYSE SG opened at $33.51 on Friday. Sweetgreen, Inc. has a 52-week low of $9.21 and a 52-week high of $42.77. The business has a 50-day moving average price of $36.25 and a 200 day moving average price of $31.85.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SG shares. Morgan Stanley boosted their price objective on Sweetgreen from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. 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. UBS Group lifted their price objective on shares of Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. TD Cowen increased their target price on Sweetgreen from $43.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Bank of America raised their price target on Sweetgreen from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.80.

Read Our Latest Analysis on SG

Hedge Funds Weigh In On Sweetgreen

Hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. increased its position in Sweetgreen by 6.2% in the 2nd quarter. Baillie Gifford & Co. now owns 12,326,336 shares of the company’s stock valued at $371,516,000 after acquiring an additional 721,740 shares during the period. Vanguard Group Inc. lifted its holdings in Sweetgreen by 0.8% in the first quarter. Vanguard Group Inc. now owns 8,420,947 shares of the company’s stock valued at $212,713,000 after acquiring an additional 70,395 shares during the period. Wellington Management Group LLP boosted its holdings in Sweetgreen by 7.5% during the third quarter. Wellington Management Group LLP now owns 3,407,163 shares of the company’s stock worth $120,784,000 after buying an additional 236,874 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Sweetgreen by 231.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,688,403 shares of the company’s stock worth $81,028,000 after acquiring an additional 1,878,216 shares in the last quarter. Finally, State Street Corp grew its holdings in Sweetgreen by 3.2% in the third quarter. State Street Corp now owns 2,263,025 shares of the company’s stock valued at $80,224,000 after purchasing an additional 69,120 shares during the last quarter. 95.75% of the stock is currently owned by hedge funds and other institutional investors.

Sweetgreen Company Profile

(Get Free Report)

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.

Featured Articles

Insider Buying and Selling by Quarter for Sweetgreen (NYSE:SG)

Receive News & Ratings for Sweetgreen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sweetgreen and related companies with MarketBeat.com's FREE daily email newsletter.