Sweetgreen, Inc. (NYSE:SG) Insider Adrienne Gemperle Sells 5,372 Shares

Sweetgreen, Inc. (NYSE:SG) insider Adrienne Gemperle sold 5,372 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.05, for a total transaction of $182,916.60. Following the sale, the insider now directly owns 107,313 shares in the company, valued at $3,654,007.65. This trade represents a 4.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Sweetgreen Stock Up 0.1 %

Sweetgreen stock opened at $37.91 on Thursday. Sweetgreen, Inc. has a 1-year low of $9.21 and a 1-year high of $42.77. The firm’s fifty day moving average price is $36.62 and its two-hundred day moving average price is $32.17.

Hedge Funds Weigh In On Sweetgreen

Hedge funds have recently added to or reduced their stakes in the stock. Oliver Luxxe Assets LLC bought a new stake in shares of Sweetgreen in the 3rd quarter worth $1,973,000. GLOBALT Investments LLC GA purchased a new position in Sweetgreen during the third quarter worth about $591,000. Sei Investments Co. bought a new stake in Sweetgreen in the 1st quarter worth about $1,110,000. Davidson Kempner Capital Management LP increased its stake 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 buying an additional 164,600 shares during the last quarter. Finally, Zweig DiMenna Associates LLC bought a new position in shares of Sweetgreen during the 3rd quarter worth approximately $3,329,000. Institutional investors and hedge funds own 95.75% of the company’s stock.

Analyst Upgrades and Downgrades

SG has been the topic of several research analyst reports. TD Cowen restated a “buy” rating and set a $45.00 target price on shares of Sweetgreen in a research report on Monday. Oppenheimer boosted their price target on Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley raised their price objective on shares of Sweetgreen from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Bank of America boosted 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. Finally, Piper Sandler restated a “neutral” rating and issued a $39.00 price target (up from $33.00) on shares of Sweetgreen in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sweetgreen currently has an average rating of “Moderate Buy” and an average target price of $39.80.

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.