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

Sweetgreen, Inc. (NYSE:SG) CEO Jonathan Neman sold 14,745 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $45.00, for a total transaction of $663,525.00. Following the completion of the transaction, the chief executive officer now owns 1,930,228 shares of the company’s stock, valued at $86,860,260. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 transaction of $40,410.10.
• On Friday, September 13th, Jonathan Neman sold 17,020 shares of Sweetgreen stock. The stock was sold at an average price of $35.08, for a total transaction of $597,061.60.
• On Monday, September 9th, Jonathan Neman sold 7,400 shares of Sweetgreen stock. The stock was sold at an average price of $28.81, for a total transaction of $213,194.00.

Sweetgreen Stock Down 1.9 %

Shares of NYSE SG opened at $42.43 on Friday. The firm’s 50-day moving average price is $37.49 and its 200-day moving average price is $32.80. Sweetgreen, Inc. has a 52-week low of $9.31 and a 52-week high of $45.12.

Institutional Investors Weigh In On Sweetgreen

Several institutional investors and hedge funds have recently added to or reduced their stakes in SG. Hollencrest Capital Management bought a new position in Sweetgreen in the third quarter valued at about $35,000. Quest Partners LLC bought a new position in shares of Sweetgreen in the 2nd quarter worth approximately $76,000. KBC Group NV lifted its stake in shares of Sweetgreen by 29.1% in the 3rd quarter. KBC Group NV now owns 3,127 shares of the company’s stock worth $111,000 after purchasing an additional 704 shares during the period. Daiwa Securities Group Inc. bought a new stake in Sweetgreen during the third quarter valued at approximately $155,000. Finally, Canton Hathaway LLC bought a new stake in Sweetgreen during the third quarter valued at approximately $177,000. Hedge funds and other institutional investors own 95.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SG. Bank of America boosted their price target on Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. TD Cowen reissued a “buy” rating and issued a $45.00 target price on shares of Sweetgreen in a research note on Monday, November 18th. Piper Sandler restated a “neutral” rating and set a $39.00 price target (up from $33.00) on shares of Sweetgreen in a report on Monday, August 19th. Oppenheimer upped their price target on shares of Sweetgreen from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Citigroup raised their price objective on shares of Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Sweetgreen has a consensus 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.