Jonathan Neman Sells 1,010 Shares of Sweetgreen, Inc. (NYSE:SG) Stock

Sweetgreen, Inc. (NYSE:SG) CEO Jonathan Neman sold 1,010 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $40.01, for a total value of $40,410.10. Following the completion of the sale, the chief executive officer now owns 1,930,228 shares of the company’s stock, valued at approximately $77,228,422.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jonathan Neman also recently made the following trade(s):

• On Friday, September 13th, Jonathan Neman sold 17,020 shares of Sweetgreen stock. The stock was sold at an average price of $35.08, for a total value of $597,061.60.
• On Monday, September 9th, Jonathan Neman sold 7,400 shares of Sweetgreen stock. The shares were sold at an average price of $28.81, for a total value of $213,194.00.
• On Monday, August 26th, Jonathan Neman sold 169,772 shares of Sweetgreen stock. The stock was sold at an average price of $35.77, for a total value of $6,072,744.44.

Sweetgreen Price Performance

SG stock opened at $36.09 on Friday. The stock’s fifty day simple moving average is $34.86 and its two-hundred day simple moving average is $30.55. Sweetgreen, Inc. has a 1-year low of $8.64 and a 1-year high of $40.20.

Sweetgreen (NYSE:SG) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Sweetgreen had a negative return on equity of 19.34% and a negative net margin of 14.33%. The company had revenue of $184.60 million during the quarter, compared to analysts’ expectations of $180.79 million. During the same period last year, the firm posted ($0.20) earnings per share. Sweetgreen’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts forecast that Sweetgreen, Inc. will post -0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sweetgreen

Several large investors have recently modified their holdings of SG. Quest Partners LLC purchased a new position in Sweetgreen in the second quarter valued at approximately $76,000. Atomi Financial Group Inc. bought a new stake in shares of Sweetgreen in the third quarter valued at $216,000. Versor Investments LP purchased a new position in shares of Sweetgreen during the 2nd quarter valued at $217,000. Precision Wealth Strategies LLC bought a new position in shares of Sweetgreen during the 3rd quarter worth $227,000. Finally, LVW Advisors LLC purchased a new stake in Sweetgreen in the 3rd quarter worth about $229,000. Hedge funds and other institutional investors own 95.75% of the company’s stock.

Analysts Set New Price Targets

SG has been the topic of several research reports. Bank of America upped their price objective on shares of Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Oppenheimer lifted their price target on Sweetgreen from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, August 15th. UBS Group boosted their price objective on Sweetgreen from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Morgan Stanley raised their target price on Sweetgreen from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Finally, Citigroup upped their price target on Sweetgreen from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.20.

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.