Sweetgreen, Inc. (NYSE:SG) Director Sells $288,619.00 in Stock

Sweetgreen, Inc. (NYSE:SG) Director Bradley E. Singer sold 7,270 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $39.70, for a total value of $288,619.00. Following the transaction, the director now directly owns 181,782 shares of the company’s stock, valued at $7,216,745.40. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Sweetgreen Stock Performance

Shares of NYSE:SG opened at $33.51 on Friday. The business has a 50-day moving average of $36.25 and a two-hundred day moving average of $31.85. Sweetgreen, Inc. has a 12 month low of $9.21 and a 12 month high of $42.77.

Institutional Trading of Sweetgreen

Institutional investors and hedge funds have recently bought and sold shares of the business. Oliver Luxxe Assets LLC purchased a new stake in Sweetgreen during the third quarter worth approximately $1,973,000. Sei Investments Co. purchased a new stake in Sweetgreen during the 1st quarter worth $1,110,000. Davidson Kempner Capital Management LP increased its holdings 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 purchasing an additional 164,600 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new position in shares of Sweetgreen during the third quarter worth about $3,329,000. Finally, Stephens Investment Management Group LLC lifted its stake in shares of Sweetgreen by 139.9% during the third quarter. Stephens Investment Management Group LLC now owns 939,335 shares of the company’s stock worth $33,299,000 after purchasing an additional 547,816 shares in the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on SG shares. UBS Group increased their price objective on Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Bank of America lifted their price target on shares of Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Piper Sandler restated a “neutral” rating and set a $39.00 target price (up previously from $33.00) on shares of Sweetgreen in a research report on Monday, August 19th. TD Cowen boosted their price target on Sweetgreen from $43.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Oppenheimer lifted their price objective on Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.