Headlands Technologies LLC Raises Position in Sweetgreen, Inc. (NYSE:SG)

Headlands Technologies LLC lifted its stake in Sweetgreen, Inc. (NYSE:SG) by 156.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,216 shares of the company’s stock after purchasing an additional 741 shares during the period. Headlands Technologies LLC’s holdings in Sweetgreen were worth $39,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Cox Capital Mgt LLC grew its holdings in Sweetgreen by 76.0% during the 4th quarter. Cox Capital Mgt LLC now owns 53,898 shares of the company’s stock valued at $1,728,000 after buying an additional 23,278 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 acquiring an additional 116,243 shares during the last quarter. Diversified Trust Co lifted its stake in Sweetgreen by 223.2% in the 4th quarter. Diversified Trust Co now owns 27,126 shares of the company’s stock worth $870,000 after purchasing an additional 18,733 shares in the last quarter. Moody National Bank Trust Division bought a new position in shares of Sweetgreen during the 4th quarter valued at about $1,182,000. Finally, Franklin Resources Inc. grew its position in shares of Sweetgreen by 1,399.0% during the third quarter. Franklin Resources Inc. now owns 111,074 shares of the company’s stock valued at $4,365,000 after purchasing an additional 103,664 shares in the last quarter. 95.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sweetgreen news, Director Nathaniel Ru sold 2,123 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.80, for a total transaction of $50,527.40. Following the completion of the sale, the director now directly owns 1,785,099 shares of the company’s stock, valued at approximately $42,485,356.20. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mitch Reback sold 10,926 shares of Sweetgreen stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.43, for a total transaction of $288,774.18. Following the completion of the transaction, the chief financial officer now directly owns 344,055 shares in the company, valued at approximately $9,093,373.65. The trade was a 3.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,852 shares of company stock worth $1,052,177 in the last three months. 21.52% of the stock is owned by insiders.

Sweetgreen Trading Down 3.7 %

Shares of NYSE SG opened at $19.48 on Wednesday. Sweetgreen, Inc. has a 12-month low of $18.62 and a 12-month high of $45.12. The stock’s fifty day simple moving average is $25.22 and its two-hundred day simple moving average is $32.23. The stock has a market capitalization of $2.29 billion, a PE ratio of -24.97 and a beta of 2.28.

Wall Street Analyst Weigh In

SG has been the subject of several research analyst reports. KeyCorp began coverage on Sweetgreen in a report on Wednesday, December 11th. They set a “sector weight” rating for the company. UBS Group cut their target price on shares of Sweetgreen from $45.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Piper Sandler decreased their price target on shares of Sweetgreen from $39.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Oppenheimer dropped their price objective on shares of Sweetgreen from $41.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group decreased their target price on shares of Sweetgreen from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Sweetgreen currently has an average rating of “Moderate Buy” and an average target price of $36.27.

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.