EAM Investors LLC Decreases Stake in Sweetgreen, Inc. (NYSE:SG)

EAM Investors LLC cut its holdings in shares of Sweetgreen, Inc. (NYSE:SG) by 15.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,168 shares of the company’s stock after selling 21,366 shares during the quarter. EAM Investors LLC owned approximately 0.10% of Sweetgreen worth $3,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SG. Steward Partners Investment Advisory LLC raised its stake in Sweetgreen by 3,571.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,028 shares of the company’s stock valued at $33,000 after purchasing an additional 1,000 shares in the last quarter. Headlands Technologies LLC lifted its stake in Sweetgreen by 156.0% during the fourth quarter. Headlands Technologies LLC now owns 1,216 shares of the company’s stock worth $39,000 after purchasing an additional 741 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of Sweetgreen in the 4th quarter worth about $53,000. Denver PWM LLC bought a new position in shares of Sweetgreen during the 4th quarter valued at about $60,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Sweetgreen during the 4th quarter valued at about $62,000. Institutional investors own 95.75% of the company’s stock.

Insider Buying and Selling

In other news, Director Nathaniel Ru sold 2,123 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.80, for a total value of $50,527.40. Following the completion of the transaction, the director now owns 1,785,099 shares in the company, valued at $42,485,356.20. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Rossann Williams sold 4,977 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.80, for a total value of $118,452.60. Following the completion of the sale, the chief operating officer now directly owns 95,516 shares in the company, valued at approximately $2,273,280.80. The trade was a 4.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,852 shares of company stock valued at $787,137 over the last three months. Corporate insiders own 21.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Sweetgreen from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Morgan Stanley set a $24.00 target price on shares of Sweetgreen in a report on Monday. UBS Group decreased their target price on shares of Sweetgreen from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. TD Securities cut their price target on shares of Sweetgreen from $45.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Oppenheimer decreased their price objective on Sweetgreen from $41.00 to $35.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.91.

Sweetgreen Trading Down 3.2 %

NYSE:SG opened at $20.43 on Wednesday. The company has a 50-day moving average price of $23.90 and a 200-day moving average price of $31.67. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -26.19 and a beta of 2.28. Sweetgreen, Inc. has a 12 month low of $18.62 and a 12 month high of $45.12.

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.