Jonathan Neman Sells 14,745 Shares of Sweetgreen, Inc. (NYSE:SG) Stock

Sweetgreen, Inc. (NYSE:SG) CEO Jonathan Neman sold 14,745 shares of Sweetgreen 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 $663,525.00. Following the transaction, the chief executive officer now owns 1,930,228 shares in the company, valued at approximately $86,860,260. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jonathan Neman also recently made the following trade(s):

• On Wednesday, November 6th, Jonathan Neman sold 20,937 shares of Sweetgreen stock. The shares were sold at an average price of $40.03, for a total value of $838,108.11.
• On Monday, October 28th, Jonathan Neman sold 1,010 shares of Sweetgreen stock. The shares were sold at an average price of $40.01, for a total value of $40,410.10.
• On Friday, September 13th, Jonathan Neman sold 17,020 shares of Sweetgreen stock. The shares were sold at an average price of $35.08, for a total value of $597,061.60.
• On Monday, September 9th, Jonathan Neman sold 7,400 shares of Sweetgreen stock. The shares were sold at an average price of $28.81, for a total value of $213,194.00.

Sweetgreen Stock Down 2.0 %

Shares of SG traded down $0.88 on Wednesday, reaching $42.39. The stock had a trading volume of 1,827,518 shares, compared to its average volume of 2,881,304. The firm has a market capitalization of $4.90 billion, a PE ratio of -54.40 and a beta of 2.32. The firm has a 50-day moving average of $37.32 and a 200 day moving average of $32.73. Sweetgreen, Inc. has a twelve month low of $9.31 and a twelve month high of $45.12.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Oliver Luxxe Assets LLC purchased a new position in shares of Sweetgreen in the 3rd quarter worth $1,973,000. GLOBALT Investments LLC GA acquired a new stake in Sweetgreen in the 3rd quarter valued at $591,000. Davidson Kempner Capital Management LP increased its holdings in Sweetgreen by 40.1% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 575,000 shares of the company’s stock valued at $17,330,000 after purchasing an additional 164,600 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new stake in Sweetgreen in the 3rd quarter valued at $3,329,000. Finally, Stephens Investment Management Group LLC increased its holdings in Sweetgreen by 139.9% in the 3rd quarter. Stephens Investment Management Group LLC now owns 939,335 shares of the company’s stock valued at $33,299,000 after purchasing an additional 547,816 shares in the last quarter. Hedge funds and other institutional investors own 95.75% of the company’s stock.

Wall Street Analyst Weigh In

SG has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $40.00 price objective on shares of Sweetgreen in a research note on Friday, November 8th. Piper Sandler reaffirmed a “neutral” rating and issued a $39.00 price objective (up from $33.00) on shares of Sweetgreen in a research note on Monday, August 19th. TD Cowen reissued a “buy” rating and set a $45.00 target price on shares of Sweetgreen in a research note on Monday, November 18th. Citigroup boosted their target price on Sweetgreen from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, Morgan Stanley boosted their target price on Sweetgreen from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Sweetgreen has an average rating of “Moderate Buy” and an average price target of $39.80.

Sweetgreen Company Profile

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.