Sweetgreen, Inc. (NYSE:SG) Insider Nathaniel Ru Sells 53,718 Shares

Sweetgreen, Inc. (NYSE:SG) insider Nathaniel Ru sold 53,718 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $38.70, for a total transaction of $2,078,886.60. Following the sale, the insider now directly owns 1,952,129 shares of the company’s stock, valued at approximately $75,547,392.30. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Nathaniel Ru also recently made the following trade(s):

• On Monday, October 28th, Nathaniel Ru sold 1,263 shares of Sweetgreen stock. The shares were sold at an average price of $40.01, for a total transaction of $50,532.63.

Sweetgreen Trading Up 6.0 %

Shares of Sweetgreen stock traded up $2.21 during mid-day trading on Wednesday, reaching $38.81. 2,096,454 shares of the stock were exchanged, compared to its average volume of 2,863,251. The company has a market cap of $4.49 billion, a price-to-earnings ratio of -46.92 and a beta of 2.32. The firm has a 50-day simple moving average of $38.20 and a 200 day simple moving average of $33.29. Sweetgreen, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $45.12.

Institutional Investors Weigh In On Sweetgreen

A number of hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. increased its position in shares of Sweetgreen by 6.2% during the 2nd quarter. Baillie Gifford & Co. now owns 12,326,336 shares of the company’s stock worth $371,516,000 after purchasing an additional 721,740 shares in the last quarter. Wellington Management Group LLP grew its holdings in Sweetgreen by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,407,163 shares of the company’s stock worth $120,784,000 after acquiring an additional 236,874 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in Sweetgreen by 231.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,688,403 shares of the company’s stock worth $81,028,000 after acquiring an additional 1,878,216 shares during the last quarter. State Street Corp grew its holdings in Sweetgreen by 3.2% during the 3rd quarter. State Street Corp now owns 2,263,025 shares of the company’s stock worth $80,224,000 after acquiring an additional 69,120 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Sweetgreen by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,249,409 shares of the company’s stock worth $79,757,000 after acquiring an additional 116,243 shares during the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SG shares. KeyCorp started coverage on shares of Sweetgreen in a research note on Wednesday. They set a “sector weight” rating for the company. Oppenheimer upped their target price on shares of Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group upped their target price 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. The Goldman Sachs Group restated a “neutral” rating and issued a $40.00 price objective on shares of Sweetgreen in a research note on Friday, November 8th. Finally, TD Cowen restated a “buy” rating and issued a $45.00 price objective on shares of Sweetgreen in a research note on Monday, November 18th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.80.

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.