Sweetgreen, Inc. (NYSE:SG) Insider Nicolas Jammet Sells 16,751 Shares

Sweetgreen, Inc. (NYSE:SG) insider Nicolas Jammet sold 16,751 shares of Sweetgreen stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $40.04, for a total transaction of $670,710.04. Following the completion of the sale, the insider now owns 1,930,233 shares in the company, valued at approximately $77,286,529.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, September 13th, Nicolas Jammet sold 21,275 shares of Sweetgreen stock. The stock was sold at an average price of $35.10, for a total transaction of $746,752.50.
• On Monday, August 26th, Nicolas Jammet sold 169,767 shares of Sweetgreen stock. The stock was sold at an average price of $35.77, for a total transaction of $6,072,565.59.

Sweetgreen Price Performance

NYSE:SG opened at $39.69 on Friday. The stock has a market cap of $4.53 billion, a P/E ratio of -48.40 and a beta of 2.32. Sweetgreen, Inc. has a one year low of $8.64 and a one year high of $42.77. The company has a fifty day moving average price of $35.59 and a 200 day moving average price of $31.40.

Sweetgreen (NYSE:SG) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Sweetgreen had a negative net margin of 14.33% and a negative return on equity of 19.34%. The business had revenue of $184.60 million during the quarter, compared to the consensus estimate of $180.79 million. During the same period last year, the firm earned ($0.20) EPS. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Sweetgreen, Inc. will post -0.75 EPS for the current year.

Analysts Set New Price Targets

SG has been the topic of several analyst reports. TD Cowen lifted their target price on shares of Sweetgreen from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer boosted their price objective on shares of Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group boosted their price objective on shares of Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Friday. Citigroup boosted their price objective on shares of Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Finally, Morgan Stanley boosted their price objective on shares of Sweetgreen from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report 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. According to data from MarketBeat.com, Sweetgreen presently has a consensus rating of “Moderate Buy” and an average target price of $39.80.

Institutional Investors Weigh In On Sweetgreen

Several large investors have recently made changes to their positions in the company. Oliver Luxxe Assets LLC bought a new stake in Sweetgreen during the 3rd quarter worth about $1,973,000. Sei Investments Co. acquired a new stake in shares of Sweetgreen in the 1st quarter valued at approximately $1,110,000. Davidson Kempner Capital Management LP raised its position in shares of 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 acquiring an additional 164,600 shares during the period. Zweig DiMenna Associates LLC acquired a new stake in Sweetgreen during the 3rd quarter worth approximately $3,329,000. Finally, Stephens Investment Management Group LLC raised its holdings in 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 period. Institutional investors own 95.75% of the company’s stock.

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.