2,400 Shares in Sweetgreen, Inc. (NYSE:SG) Purchased by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in Sweetgreen, Inc. (NYSE:SG) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,400 shares of the company’s stock, valued at approximately $77,000.

Several other institutional investors and hedge funds have also modified their holdings of SG. GLOBALT Investments LLC GA acquired a new stake in shares of Sweetgreen in the 3rd quarter valued at approximately $591,000. Verition Fund Management LLC boosted its stake in Sweetgreen by 189.6% in the third quarter. Verition Fund Management LLC now owns 173,501 shares of the company’s stock valued at $6,151,000 after buying an additional 113,586 shares in the last quarter. Stephens Investment Management Group LLC boosted 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 valued at $33,299,000 after purchasing an additional 547,816 shares in the last quarter. Cox Capital Mgt LLC boosted its stake in shares of Sweetgreen by 76.0% during the fourth quarter. Cox Capital Mgt LLC now owns 53,898 shares of the company’s stock valued at $1,728,000 after purchasing an additional 23,278 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Sweetgreen by 670.0% in the third quarter. Harbor Capital Advisors Inc. now owns 143,441 shares of the company’s stock worth $5,085,000 after acquiring an additional 124,813 shares during the period. 95.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. TD Cowen reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Sweetgreen in a research note on Monday, November 18th. Piper Sandler lowered their target price on Sweetgreen from $39.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $45.00 target price on shares of Sweetgreen in a report on Tuesday. TD Securities lowered their target price on Sweetgreen from $45.00 to $33.00 and set a “buy” rating for the company in a report on Thursday. Finally, Oppenheimer decreased their price objective on Sweetgreen from $41.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.27.

Insiders Place Their Bets

In other news, CFO Mitch Reback sold 10,926 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.43, for a total transaction of $288,774.18. Following the transaction, the chief financial officer now directly owns 344,055 shares in the company, valued at approximately $9,093,373.65. This represents a 3.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicolas Jammet sold 41,999 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $38.68, for a total value of $1,624,521.32. Following the transaction, the insider now owns 1,930,233 shares in the company, valued at $74,661,412.44. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 516,817 shares of company stock worth $19,677,637 in the last ninety days. 21.52% of the stock is currently owned by insiders.

Sweetgreen Stock Performance

NYSE:SG opened at $23.23 on Friday. Sweetgreen, Inc. has a 52-week low of $11.84 and a 52-week high of $45.12. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -29.78 and a beta of 2.37. The business’s fifty day moving average is $30.24 and its 200 day moving average is $34.17.

Sweetgreen 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.