Sweetgreen, Inc. (NYSE:SG) Shares Purchased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC increased its holdings in shares of Sweetgreen, Inc. (NYSE:SG) by 116.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,733 shares of the company’s stock after purchasing an additional 8,994 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Sweetgreen were worth $536,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its position in shares of Sweetgreen by 3,571.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,028 shares of the company’s stock worth $33,000 after buying an additional 1,000 shares during the period. Headlands Technologies LLC raised its holdings in shares of Sweetgreen by 156.0% in the 4th quarter. Headlands Technologies LLC now owns 1,216 shares of the company’s stock worth $39,000 after purchasing an additional 741 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Sweetgreen in the 4th quarter valued at about $53,000. Denver PWM LLC purchased a new stake in shares of Sweetgreen during the 4th quarter worth about $60,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Sweetgreen during the 4th quarter worth approximately $62,000. 95.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sweetgreen

In other news, Director Nathaniel Ru sold 2,123 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.80, for a total value of $50,527.40. Following the sale, the director now owns 1,785,099 shares in the company, valued at approximately $42,485,356.20. This represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Rossann Williams sold 4,977 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.80, for a total transaction of $118,452.60. Following the transaction, the chief operating officer now directly owns 95,516 shares in the company, valued at $2,273,280.80. The trade was a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,852 shares of company stock valued at $1,052,177 in the last three months. Corporate insiders own 21.52% of the company’s stock.

Sweetgreen Stock Performance

Shares of SG opened at $20.88 on Friday. Sweetgreen, Inc. has a one year low of $18.62 and a one year high of $45.12. The stock has a 50-day moving average price of $25.95 and a 200 day moving average price of $32.57. The company has a market capitalization of $2.45 billion, a P/E ratio of -26.76 and a beta of 2.28.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley reduced their price target on shares of Sweetgreen from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Oppenheimer decreased their price target on shares of Sweetgreen from $41.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $45.00 price objective on shares of Sweetgreen in a research report on Tuesday, February 25th. The Goldman Sachs Group decreased their target price on Sweetgreen from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Finally, UBS Group dropped their target price on Sweetgreen from $45.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sweetgreen presently has a consensus rating of “Moderate Buy” and an average price target 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.