Sweetgreen, Inc. (NYSE:SG) Insider Sells $654,795.00 in 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 sale, the insider now directly owns 1,930,233 shares of the company’s stock, valued at approximately $86,860,485. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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 Price Performance

Sweetgreen stock opened at $40.98 on Friday. Sweetgreen, Inc. has a fifty-two week low of $9.31 and a fifty-two week high of $45.12. The firm has a market capitalization of $4.74 billion, a PE ratio of -52.54 and a beta of 2.32. The company’s 50-day moving average is $37.69 and its 200-day moving average is $32.93.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SG. The Goldman Sachs Group reissued a “neutral” rating and issued a $40.00 price target on shares of Sweetgreen in a research note on Friday, November 8th. 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. Oppenheimer lifted their price objective on shares of Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, November 8th. TD Cowen reissued a “buy” rating and issued a $45.00 price objective on shares of Sweetgreen in a research report on Monday, November 18th. Finally, Bank of America raised their target price on shares of Sweetgreen from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Sweetgreen has an average rating of “Moderate Buy” and a consensus target price of $39.80.

Institutional Trading of Sweetgreen

Several institutional investors and hedge funds have recently bought and sold shares of SG. Oliver Luxxe Assets LLC acquired a new position in shares of Sweetgreen during the 3rd quarter worth approximately $1,973,000. GLOBALT Investments LLC GA bought a new position in Sweetgreen during the third quarter worth $591,000. Davidson Kempner Capital Management LP increased its holdings in shares of Sweetgreen by 40.1% in the second 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 during the last quarter. Zweig DiMenna Associates LLC bought a new position in shares of Sweetgreen in the third quarter valued at about $3,329,000. Finally, Stephens Investment Management Group LLC lifted its stake in shares of Sweetgreen by 139.9% during the 3rd quarter. Stephens Investment Management Group LLC now owns 939,335 shares of the company’s stock worth $33,299,000 after buying an additional 547,816 shares during the last quarter. Institutional investors 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.