Insider Selling: Sweetgreen, Inc. (NYSE:SG) Insider Sells 14,551 Shares of Stock

Sweetgreen, Inc. (NYSE:SG) insider Nicolas Jammet sold 14,551 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $45.00, for a total value of $654,795.00. Following the completion of the sale, the insider now owns 1,930,233 shares of the company’s stock, valued at approximately $86,860,485. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Nicolas Jammet also recently made the following trade(s):

• On Wednesday, November 6th, Nicolas Jammet sold 16,751 shares of Sweetgreen stock. The shares were sold at an average price of $40.04, for a total transaction of $670,710.04.
• On Friday, September 13th, Nicolas Jammet sold 21,275 shares of Sweetgreen stock. The shares were sold at an average price of $35.10, for a total transaction of $746,752.50.

Sweetgreen Stock Down 2.0 %

NYSE SG opened at $42.39 on Thursday. Sweetgreen, Inc. has a twelve month low of $9.31 and a twelve month high of $45.12. The business has a 50-day moving average price of $37.32 and a 200-day moving average price of $32.73. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of -54.35 and a beta of 2.32.

Analyst Ratings Changes

SG has been the topic of several recent research reports. Morgan Stanley increased their price objective 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. UBS Group lifted their price target 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. Bank of America upped their price objective on Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, August 19th. Oppenheimer lifted their target price on Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Citigroup upped their price target on Sweetgreen from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new stake in shares of Sweetgreen during the third quarter valued at approximately $35,000. Quest Partners LLC purchased a new position in Sweetgreen during the second quarter valued at $76,000. KBC Group NV increased its holdings in Sweetgreen by 29.1% in the 3rd quarter. KBC Group NV now owns 3,127 shares of the company’s stock valued at $111,000 after acquiring an additional 704 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Sweetgreen in the 3rd quarter worth $155,000. Finally, Canton Hathaway LLC bought a new position in shares of Sweetgreen during the 3rd quarter valued at about $177,000. 95.75% of the stock is currently owned by institutional investors.

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.