Sweetgreen, Inc. $SG Position Boosted by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC lifted its stake in Sweetgreen, Inc. (NYSE:SG) by 10.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,187,836 shares of the company’s stock after purchasing an additional 115,945 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 1.01% of Sweetgreen worth $17,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Sweetgreen by 6,495.2% during the second quarter. BNP Paribas Financial Markets now owns 496,616 shares of the company’s stock valued at $7,390,000 after purchasing an additional 489,086 shares in the last quarter. Brevan Howard Capital Management LP boosted its stake in shares of Sweetgreen by 917.4% during the 2nd quarter. Brevan Howard Capital Management LP now owns 198,435 shares of the company’s stock valued at $2,953,000 after buying an additional 178,931 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Sweetgreen by 222.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 57,431 shares of the company’s stock valued at $855,000 after acquiring an additional 39,643 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Sweetgreen by 230.9% in the second quarter. Raymond James Financial Inc. now owns 111,339 shares of the company’s stock worth $1,657,000 after acquiring an additional 77,692 shares during the last quarter. Finally, Maverick Capital Ltd. increased its stake in shares of Sweetgreen by 15.4% in the second quarter. Maverick Capital Ltd. now owns 296,237 shares of the company’s stock worth $4,408,000 after acquiring an additional 39,425 shares during the last quarter. 95.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America reissued a “neutral” rating and set a $9.50 price objective (down previously from $18.00) on shares of Sweetgreen in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sweetgreen in a research note on Wednesday, October 8th. William Blair reiterated a “market perform” rating on shares of Sweetgreen in a report on Friday, November 7th. Oppenheimer set a $10.00 price objective on Sweetgreen in a report on Friday, November 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Sweetgreen in a research report on Wednesday, November 12th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.89.

Insider Buying and Selling

In other news, insider Nicolas Jammet bought 18,115 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of $5.51 per share, for a total transaction of $99,813.65. Following the purchase, the insider owned 18,115 shares of the company’s stock, valued at $99,813.65. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jonathan Neman bought 179,800 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average cost of $5.56 per share, with a total value of $999,688.00. Following the transaction, the chief executive officer owned 179,800 shares in the company, valued at approximately $999,688. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 19.78% of the company’s stock.

Sweetgreen Price Performance

Shares of NYSE:SG opened at $7.27 on Friday. The stock has a market capitalization of $860.55 million, a P/E ratio of -7.49 and a beta of 1.93. The business has a 50-day moving average of $6.80 and a two-hundred day moving average of $9.83. Sweetgreen, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $37.56.

Sweetgreen (NYSE:SG) last issued its quarterly earnings data on Friday, November 7th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.13). Sweetgreen had a negative net margin of 16.55% and a negative return on equity of 25.67%. The company had revenue of $172.39 million during the quarter, compared to the consensus estimate of $179.29 million. During the same period in the previous year, the business posted ($0.18) earnings per share. The firm’s revenue was down .6% on a year-over-year basis. As a group, research analysts expect that Sweetgreen, Inc. will post -0.74 EPS for the current fiscal year.

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.