Insider Selling: Sweetgreen, Inc. (NYSE:SG) CEO Sells 14,745 Shares of Stock

Sweetgreen, Inc. (NYSE:SG) CEO Jonathan Neman sold 14,745 shares of Sweetgreen stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $45.00, for a total value of $663,525.00. Following the transaction, the chief executive officer now directly owns 1,930,228 shares in the company, valued at approximately $86,860,260. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, November 6th, Jonathan Neman sold 20,937 shares of Sweetgreen stock. The stock was sold at an average price of $40.03, for a total transaction of $838,108.11.
• On Monday, October 28th, Jonathan Neman sold 1,010 shares of Sweetgreen stock. The stock was sold at an average price of $40.01, for a total transaction of $40,410.10.
• On Friday, September 13th, Jonathan Neman sold 17,020 shares of Sweetgreen stock. The shares were sold at an average price of $35.08, for a total transaction of $597,061.60.
• On Monday, September 9th, Jonathan Neman sold 7,400 shares of Sweetgreen stock. The stock was sold at an average price of $28.81, for a total transaction of $213,194.00.

Sweetgreen Stock Performance

Sweetgreen stock opened at $42.43 on Friday. The company’s 50-day moving average price is $37.49 and its 200-day moving average price is $32.80. Sweetgreen, Inc. has a twelve month low of $9.31 and a twelve month high of $45.12.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Cowen restated a “buy” rating and issued a $45.00 price objective on shares of Sweetgreen in a research report on Monday, November 18th. UBS Group boosted their price target on Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Oppenheimer lifted their price objective on shares of Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley upped their target price on shares of Sweetgreen from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $39.00 target price (up from $33.00) on shares of Sweetgreen in a research note on Monday, August 19th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.80.

Institutional Investors Weigh In On Sweetgreen

Large investors have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC boosted its stake in Sweetgreen by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 112,647 shares of the company’s stock worth $3,993,000 after buying an additional 314 shares during the period. Evolutionary Tree Capital Management LLC boosted its stake in shares of Sweetgreen by 0.7% during the 2nd quarter. Evolutionary Tree Capital Management LLC now owns 65,756 shares of the company’s stock worth $1,982,000 after purchasing an additional 474 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Sweetgreen by 2.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,913 shares of the company’s stock valued at $990,000 after purchasing an additional 537 shares during the last quarter. KBC Group NV raised its position in Sweetgreen by 29.1% in the 3rd quarter. KBC Group NV now owns 3,127 shares of the company’s stock worth $111,000 after purchasing an additional 704 shares during the period. Finally, Pier Capital LLC lifted its stake in Sweetgreen by 0.3% in the third quarter. Pier Capital LLC now owns 293,333 shares of the company’s stock worth $10,399,000 after purchasing an additional 761 shares during the last quarter. 95.75% of the stock is owned by institutional investors.

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.