Sweetgreen, Inc. (NYSE:SG) Director Julie Bornstein Sells 4,464 Shares

Sweetgreen, Inc. (NYSE:SG) Director Julie Bornstein sold 4,464 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $42.11, for a total transaction of $187,979.04. Following the sale, the director now directly owns 32,637 shares in the company, valued at $1,374,344.07. This trade represents a 12.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sweetgreen Trading Down 2.0 %

SG opened at $42.39 on Thursday. Sweetgreen, Inc. has a 1-year low of $9.31 and a 1-year high of $45.12. The firm’s 50 day simple moving average is $37.32 and its two-hundred day simple moving average is $32.73. The company has a market capitalization of $4.90 billion, a PE ratio of -54.35 and a beta of 2.32.

Institutional Trading of Sweetgreen

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Sweetgreen by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 8,420,947 shares of the company’s stock worth $212,713,000 after purchasing an additional 70,395 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Sweetgreen by 47.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 55,041 shares of the company’s stock valued at $1,391,000 after purchasing an additional 17,750 shares during the last quarter. Bayesian Capital Management LP boosted its stake in Sweetgreen by 120.2% during the first quarter. Bayesian Capital Management LP now owns 27,665 shares of the company’s stock worth $699,000 after buying an additional 15,100 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Sweetgreen by 5.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 309,630 shares of the company’s stock worth $7,821,000 after purchasing an additional 14,948 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Sweetgreen by 98.4% during the second quarter. Harbor Capital Advisors Inc. now owns 18,628 shares of the company’s stock valued at $561,000 after buying an additional 9,238 shares during the period. Institutional investors own 95.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SG shares. UBS Group raised their price target on shares of Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Citigroup lifted their price target on shares of Sweetgreen from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Piper Sandler restated a “neutral” rating and set a $39.00 price objective (up previously from $33.00) on shares of Sweetgreen in a research report on Monday, August 19th. The Goldman Sachs Group restated a “neutral” rating and issued a $40.00 target price on shares of Sweetgreen in a report on Friday, November 8th. Finally, Bank of America lifted their target price on shares of Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Sweetgreen presently has a consensus rating of “Moderate Buy” and a consensus 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.