Sweetgreen, Inc. (NYSE:SG) CFO Sells $265,040.00 in Stock

Sweetgreen, Inc. (NYSE:SG) CFO Mitch Reback sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $33.13, for a total transaction of $265,040.00. Following the completion of the transaction, the chief financial officer now owns 350,981 shares of the company’s stock, valued at $11,628,000.53. This trade represents a 2.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mitch Reback also recently made the following trade(s):

• On Monday, December 9th, Mitch Reback sold 72,000 shares of Sweetgreen stock. The shares were sold at an average price of $37.77, for a total value of $2,719,440.00.
• On Monday, November 18th, Mitch Reback sold 9,507 shares of Sweetgreen stock. The shares were sold at an average price of $34.05, for a total value of $323,713.35.

Sweetgreen Stock Performance

NYSE:SG traded up $0.26 on Friday, reaching $33.49. The company’s stock had a trading volume of 1,503,438 shares, compared to its average volume of 2,222,811. Sweetgreen, Inc. has a 1-year low of $10.07 and a 1-year high of $45.12. The business’s 50-day moving average price is $36.16 and its two-hundred day moving average price is $33.71. The firm has a market cap of $3.87 billion, a PE ratio of -42.93 and a beta of 2.38.

Analyst Ratings Changes

SG has been the subject of several recent research reports. TD Cowen reissued a “buy” rating and set a $45.00 price objective on shares of Sweetgreen in a report on Monday, November 18th. Oppenheimer dropped their price target on shares of Sweetgreen from $45.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. UBS Group raised their price objective on shares of Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. KeyCorp began coverage on shares of Sweetgreen in a research report on Wednesday, December 11th. They set a “sector weight” rating for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $40.00 price target on shares of Sweetgreen in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.10.

Hedge Funds Weigh In On Sweetgreen

Several institutional investors have recently modified their holdings of SG. Hollencrest Capital Management acquired a new stake in Sweetgreen during the 3rd quarter worth approximately $35,000. KBC Group NV boosted its holdings in shares of Sweetgreen by 29.1% in the third quarter. KBC Group NV now owns 3,127 shares of the company’s stock valued at $111,000 after buying an additional 704 shares during the period. Quest Partners LLC increased its position in shares of Sweetgreen by 68.4% during the third quarter. Quest Partners LLC now owns 4,256 shares of the company’s stock worth $151,000 after acquiring an additional 1,728 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Sweetgreen during the third quarter worth $155,000. Finally, Canton Hathaway LLC bought a new stake in Sweetgreen in the 3rd quarter valued at $177,000. Institutional investors own 95.75% of the company’s stock.

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.