Rossann Williams Sells 4,977 Shares of Sweetgreen, Inc. (NYSE:SG) Stock

Sweetgreen, Inc. (NYSE:SG) COO Rossann Williams sold 4,977 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.80, for a total transaction of $118,452.60. Following the transaction, the chief operating officer now owns 95,516 shares in the company, valued at approximately $2,273,280.80. This represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sweetgreen Price Performance

Sweetgreen stock opened at $23.92 on Thursday. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -30.66 and a beta of 2.44. Sweetgreen, Inc. has a fifty-two week low of $18.77 and a fifty-two week high of $45.12. The firm has a fifty day moving average price of $27.61 and a two-hundred day moving average price of $33.10.

Analysts Set New Price Targets

Several research firms have recently commented on SG. Morgan Stanley lowered their price target on shares of Sweetgreen from $32.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. TD Securities lowered their price target on shares of Sweetgreen from $45.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Piper Sandler lowered their price target on shares of Sweetgreen from $39.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group decreased their price objective on shares of Sweetgreen from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Finally, KeyCorp started coverage on shares of Sweetgreen in a report on Wednesday, December 11th. They issued a “sector weight” rating for the company. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sweetgreen has a consensus rating of “Moderate Buy” and an average target price of $36.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GLOBALT Investments LLC GA acquired a new position in Sweetgreen during the 3rd quarter worth $591,000. Verition Fund Management LLC lifted its position in Sweetgreen by 189.6% during the 3rd quarter. Verition Fund Management LLC now owns 173,501 shares of the company’s stock worth $6,151,000 after acquiring an additional 113,586 shares during the last quarter. Cox Capital Mgt LLC raised its position in shares of Sweetgreen by 76.0% during the fourth quarter. Cox Capital Mgt LLC now owns 53,898 shares of the company’s stock valued at $1,728,000 after buying an additional 23,278 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Sweetgreen by 91.9% during the third quarter. Natixis Advisors LLC now owns 30,380 shares of the company’s stock valued at $1,077,000 after buying an additional 14,545 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Sweetgreen by 5.4% during the third quarter. Geode Capital Management LLC now owns 2,249,409 shares of the company’s stock valued at $79,757,000 after buying an additional 116,243 shares during the last quarter. Institutional investors and hedge funds 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.