Sweetgreen, Inc. (NYSE:SG) Shares Acquired by Cox Capital Mgt LLC

Cox Capital Mgt LLC increased its position in shares of Sweetgreen, Inc. (NYSE:SG) by 76.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,898 shares of the company’s stock after purchasing an additional 23,278 shares during the quarter. Cox Capital Mgt LLC’s holdings in Sweetgreen were worth $1,728,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of Sweetgreen by 7.5% in the third quarter. Wellington Management Group LLP now owns 3,407,163 shares of the company’s stock valued at $120,784,000 after purchasing an additional 236,874 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in Sweetgreen by 231.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,688,403 shares of the company’s stock valued at $81,028,000 after buying an additional 1,878,216 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Sweetgreen by 13.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 2,313,996 shares of the company’s stock worth $82,032,000 after acquiring an additional 272,340 shares during the last quarter. State Street Corp boosted its position in shares of Sweetgreen by 3.2% during the 3rd quarter. State Street Corp now owns 2,263,025 shares of the company’s stock valued at $80,224,000 after acquiring an additional 69,120 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Sweetgreen by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,249,409 shares of the company’s stock valued at $79,757,000 after purchasing an additional 116,243 shares during the period. 95.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sweetgreen news, insider Nathaniel Ru sold 1,263 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $40.01, for a total value of $50,532.63. Following the completion of the transaction, the insider now owns 1,952,129 shares in the company, valued at $78,104,681.29. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jonathan Neman sold 20,937 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $40.03, for a total value of $838,108.11. Following the completion of the sale, the chief executive officer now owns 1,930,228 shares in the company, valued at approximately $77,267,026.84. The trade was a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 640,838 shares of company stock valued at $24,800,733 in the last ninety days. Company insiders own 21.52% of the company’s stock.

Wall Street Analysts Forecast Growth

SG has been the topic of several recent analyst reports. KeyCorp started coverage on shares of Sweetgreen in a report on Wednesday, December 11th. They issued a “sector weight” rating on the stock. Oppenheimer lowered their price objective on Sweetgreen from $45.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. The Goldman Sachs Group restated a “neutral” rating and issued a $40.00 target price on shares of Sweetgreen in a research report on Friday, November 8th. TD Cowen reiterated a “buy” rating and set a $45.00 price target on shares of Sweetgreen in a report on Monday, November 18th. Finally, UBS Group boosted their price objective on shares of Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.10.

Sweetgreen Price Performance

Shares of NYSE:SG opened at $32.64 on Wednesday. The firm’s 50-day moving average is $36.51 and its two-hundred day moving average is $33.72. Sweetgreen, Inc. has a 1 year low of $9.66 and a 1 year high of $45.12. The firm has a market capitalization of $3.78 billion, a PE ratio of -41.85 and a beta of 2.38.

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.