Nathaniel Ru Sells 2,123 Shares of Sweetgreen, Inc. (NYSE:SG) Stock

Sweetgreen, Inc. (NYSE:SG) Director Nathaniel Ru sold 2,123 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.80, for a total value of $50,527.40. Following the transaction, the director now directly owns 1,785,099 shares of the company’s stock, valued at $42,485,356.20. The trade was a 0.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sweetgreen Price Performance

Shares of NYSE SG traded down $0.47 during mid-day trading on Tuesday, hitting $23.66. The company had a trading volume of 2,127,549 shares, compared to its average volume of 3,082,971. The company has a market capitalization of $2.77 billion, a PE ratio of -30.33 and a beta of 2.44. Sweetgreen, Inc. has a 1-year low of $18.77 and a 1-year high of $45.12. The business’s 50-day simple moving average is $27.94 and its 200 day simple moving average is $33.22.

Institutional Trading of Sweetgreen

Several hedge funds have recently modified their holdings of the stock. Summit Investment Advisors Inc. raised its stake in shares of Sweetgreen by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,479 shares of the company’s stock valued at $336,000 after acquiring an additional 473 shares in the last quarter. Cypress Wealth Services LLC raised its stake in shares of Sweetgreen by 6.1% in the fourth quarter. Cypress Wealth Services LLC now owns 8,423 shares of the company’s stock valued at $270,000 after acquiring an additional 483 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Sweetgreen by 45.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the company’s stock valued at $50,000 after acquiring an additional 494 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Sweetgreen by 1.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 50,164 shares of the company’s stock valued at $1,608,000 after acquiring an additional 600 shares in the last quarter. Finally, Oberweis Asset Management Inc. raised its stake in Sweetgreen by 0.6% in the fourth quarter. Oberweis Asset Management Inc. now owns 96,201 shares of the company’s stock valued at $3,084,000 after buying an additional 610 shares in the last quarter. 95.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SG has been the subject of a number of analyst reports. The Goldman Sachs Group dropped their price target on Sweetgreen from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. KeyCorp started coverage on Sweetgreen in a research report on Wednesday, December 11th. They issued a “sector weight” rating for the company. Citigroup lowered their price objective on Sweetgreen from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Oppenheimer lowered their price objective on Sweetgreen from $41.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, UBS Group lowered their price objective on Sweetgreen from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $36.27.

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.