Nathaniel Ru Sells 1,263 Shares of Sweetgreen, Inc. (NYSE:SG) Stock

Sweetgreen, Inc. (NYSE:SG) insider Nathaniel Ru sold 1,263 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $40.01, for a total transaction of $50,532.63. Following the completion of the transaction, the insider now owns 1,952,129 shares of the company’s stock, valued at approximately $78,104,681.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Nathaniel Ru also recently made the following trade(s):

• On Monday, September 9th, Nathaniel Ru sold 9,250 shares of Sweetgreen stock. The shares were sold at an average price of $28.74, for a total transaction of $265,845.00.

Sweetgreen Stock Performance

Sweetgreen stock opened at $36.09 on Friday. Sweetgreen, Inc. has a 1-year low of $8.64 and a 1-year high of $40.20. The firm’s fifty day simple moving average is $34.86 and its 200-day simple moving average is $30.55.

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

Institutional Investors Weigh In On Sweetgreen

A number of large investors have recently added to or reduced their stakes in SG. Quest Partners LLC bought a new stake in Sweetgreen during the second quarter valued at about $76,000. Atomi Financial Group Inc. bought a new stake in Sweetgreen during the 3rd quarter valued at approximately $216,000. Precision Wealth Strategies LLC acquired a new stake in Sweetgreen in the 3rd quarter valued at approximately $227,000. LVW Advisors LLC bought a new position in Sweetgreen in the 3rd quarter worth approximately $229,000. Finally, PSI Advisors LLC acquired a new position in shares of Sweetgreen during the third quarter worth approximately $238,000. Institutional investors own 95.75% of the company’s stock.

Analyst Upgrades and Downgrades

SG has been the topic of several recent analyst reports. TD Cowen reissued a “buy” rating and set a $43.00 target price on shares of Sweetgreen in a research note on Friday, September 27th. Citigroup upped their price target on Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Oppenheimer raised their price objective on Sweetgreen from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, August 15th. Piper Sandler reaffirmed a “neutral” rating and set a $39.00 target price (up previously from $33.00) on shares of Sweetgreen in a research note on Monday, August 19th. Finally, Bank of America increased their price target 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sweetgreen currently has an average rating of “Moderate Buy” and an average price target of $38.20.

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.