Sweetgreen, Inc. (NYSE:SG) CFO Sells $323,713.35 in Stock

Sweetgreen, Inc. (NYSE:SG) CFO Mitch Reback sold 9,507 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $34.05, for a total transaction of $323,713.35. Following the transaction, the chief financial officer now owns 360,177 shares of the company’s stock, valued at $12,264,026.85. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sweetgreen Stock Up 0.1 %

Shares of SG stock opened at $37.91 on Thursday. The firm’s 50-day moving average is $36.62 and its two-hundred day moving average is $32.17. Sweetgreen, Inc. has a 12 month low of $9.21 and a 12 month high of $42.77.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Sweetgreen in a research note on Friday, November 8th. Bank of America boosted their price target on Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. UBS Group lifted their target price on shares of Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. TD Cowen reiterated a “buy” rating and issued a $45.00 target price on shares of Sweetgreen in a research report on Monday. Finally, Oppenheimer boosted their price target on shares of Sweetgreen from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sweetgreen presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.80.

Institutional Trading of Sweetgreen

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. grew its position in Sweetgreen by 6.2% in the second quarter. Baillie Gifford & Co. now owns 12,326,336 shares of the company’s stock worth $371,516,000 after acquiring an additional 721,740 shares during the period. Vanguard Group Inc. raised its position 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 purchasing an additional 70,395 shares during the period. Wellington Management Group LLP lifted its stake in shares of Sweetgreen by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,407,163 shares of the company’s stock valued at $120,784,000 after purchasing an additional 236,874 shares during the last quarter. Driehaus Capital Management LLC grew its holdings 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 purchasing an additional 1,878,216 shares during the period. Finally, State Street Corp increased its position in shares of Sweetgreen by 3.2% during the 3rd quarter. State Street Corp now owns 2,263,025 shares of the company’s stock worth $80,224,000 after purchasing an additional 69,120 shares during the last quarter. 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.