Insider Selling: Sweetgreen, Inc. (NYSE:SG) Insider Sells $182,916.60 in Stock

Sweetgreen, Inc. (NYSE:SG) insider Adrienne Gemperle sold 5,372 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.05, for a total transaction of $182,916.60. Following the completion of the transaction, the insider now owns 107,313 shares of the company’s stock, valued at approximately $3,654,007.65. This represents a 4.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sweetgreen Trading Up 8.2 %

Shares of NYSE SG opened at $41.00 on Friday. Sweetgreen, Inc. has a 1 year low of $9.21 and a 1 year high of $42.77. The firm’s 50-day moving average is $36.76 and its 200-day moving average is $32.24. The firm has a market capitalization of $4.74 billion, a PE ratio of -52.56 and a beta of 2.32.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. TD Cowen reiterated a “buy” rating and issued a $45.00 price target on shares of Sweetgreen in a research report on Monday. Citigroup lifted their price objective on Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, August 9th. The Goldman Sachs Group restated a “neutral” rating and issued a $40.00 target price on shares of Sweetgreen in a research note on Friday, November 8th. Finally, Bank of America increased their target price on shares of Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $39.80.

Institutional Trading of Sweetgreen

Several institutional investors and hedge funds have recently made changes to their positions in the business. Hollencrest Capital Management acquired a new position in Sweetgreen during the third quarter valued at approximately $35,000. Quest Partners LLC acquired a new stake in Sweetgreen during the 2nd quarter worth $76,000. KBC Group NV lifted its holdings in Sweetgreen by 29.1% during the third quarter. KBC Group NV now owns 3,127 shares of the company’s stock worth $111,000 after acquiring an additional 704 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Sweetgreen in the third quarter valued at about $155,000. Finally, Canton Hathaway LLC bought a new stake in shares of Sweetgreen in the third quarter worth about $177,000. Institutional investors own 95.75% of the company’s stock.

About Sweetgreen

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.