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

Sweetgreen, Inc. (NYSE:SG) insider Adrienne Gemperle sold 5,372 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.05, for a total value of $182,916.60. Following the completion of the transaction, the insider now directly owns 107,313 shares of the company’s stock, valued at approximately $3,654,007.65. This trade represents a 4.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Sweetgreen Trading Up 0.1 %

Sweetgreen stock opened at $37.91 on Thursday. The stock has a 50-day moving average price of $36.62 and a two-hundred day moving average price of $32.17. Sweetgreen, Inc. has a 12 month low of $9.21 and a 12 month high of $42.77.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky increased its holdings in Sweetgreen by 0.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 311,630 shares of the company’s stock valued at $11,048,000 after purchasing an additional 2,000 shares during the period. Geode Capital Management LLC grew its position in shares of Sweetgreen by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,249,409 shares of the company’s stock valued at $79,757,000 after buying an additional 116,243 shares during the last quarter. M&T Bank Corp increased its stake in shares of Sweetgreen by 22.0% in the third quarter. M&T Bank Corp now owns 27,648 shares of the company’s stock valued at $980,000 after buying an additional 4,989 shares during the period. Pier Capital LLC increased its stake in shares of Sweetgreen by 0.3% in the third quarter. Pier Capital LLC now owns 293,333 shares of the company’s stock valued at $10,399,000 after buying an additional 761 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Sweetgreen in the third quarter worth approximately $277,000. Institutional investors own 95.75% of the company’s stock.

Analyst Upgrades and Downgrades

SG has been the subject of several analyst reports. 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. Citigroup boosted their price objective on shares of Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $40.00 price target on shares of Sweetgreen in a research note on Friday, November 8th. Piper Sandler restated a “neutral” rating and set a $39.00 price objective (up from $33.00) on shares of Sweetgreen in a research report on Monday, August 19th. Finally, TD Cowen reiterated a “buy” rating and issued a $45.00 target price on shares of Sweetgreen in a research report on Monday. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Sweetgreen currently has an average rating of “Moderate Buy” and a consensus 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.