Sweetgreen, Inc. (NYSE:SG) COO Sells $118,452.60 in Stock

Sweetgreen, Inc. (NYSE:SG) COO Rossann Williams sold 4,977 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.80, for a total value of $118,452.60. Following the sale, the chief operating officer now owns 95,516 shares in the company, valued at approximately $2,273,280.80. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sweetgreen Price Performance

Shares of NYSE:SG opened at $23.66 on Wednesday. The stock’s 50-day moving average is $27.78 and its 200 day moving average is $33.16. The company has a market cap of $2.77 billion, a PE ratio of -30.33 and a beta of 2.44. Sweetgreen, Inc. has a 1 year low of $18.77 and a 1 year high of $45.12.

Analyst Ratings Changes

Several research analysts have recently weighed in on SG shares. Morgan Stanley decreased their price target on shares of Sweetgreen from $32.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Citigroup decreased their price target on shares of Sweetgreen from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $45.00 price target on shares of Sweetgreen in a report on Tuesday, February 25th. UBS Group decreased their price target on shares of Sweetgreen from $45.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, TD Securities reduced their price target on shares of Sweetgreen from $45.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.27.

Hedge Funds Weigh In On Sweetgreen

Hedge funds have recently made changes to their positions in the business. FMR LLC boosted its holdings in Sweetgreen by 3.4% in the fourth quarter. FMR LLC now owns 10,103,969 shares of the company’s stock valued at $323,933,000 after acquiring an additional 329,789 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Sweetgreen by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 9,544,885 shares of the company’s stock valued at $306,009,000 after purchasing an additional 351,240 shares in the last quarter. Invesco Ltd. increased its position in shares of Sweetgreen by 40.9% during the fourth quarter. Invesco Ltd. now owns 5,516,223 shares of the company’s stock valued at $176,850,000 after buying an additional 1,601,666 shares during the period. Wellington Management Group LLP raised its stake in Sweetgreen by 30.1% in the fourth quarter. Wellington Management Group LLP now owns 4,432,504 shares of the company’s stock worth $142,106,000 after buying an additional 1,025,341 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in Sweetgreen by 13.3% in the third quarter. Lord Abbett & CO. LLC now owns 2,313,996 shares of the company’s stock worth $82,032,000 after buying an additional 272,340 shares during the period. 95.75% of the stock is owned by hedge funds and other institutional investors.

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.