Sweetgreen, Inc. (NYSE:SG) Insider Sells $207,915.00 in Stock

Sweetgreen, Inc. (NYSE:SG) insider Adrienne Gemperle sold 6,225 shares of Sweetgreen stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $33.40, for a total value of $207,915.00. Following the completion of the transaction, the insider now owns 112,685 shares in the company, valued at approximately $3,763,679. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Adrienne Gemperle also recently made the following trade(s):

• On Friday, August 16th, Adrienne Gemperle sold 3,868 shares of Sweetgreen stock. The shares were sold at an average price of $36.31, for a total transaction of $140,447.08.
• On Thursday, May 23rd, Adrienne Gemperle sold 6,808 shares of Sweetgreen stock. The shares were sold at an average price of $30.95, for a total transaction of $210,707.60.

Sweetgreen Trading Up 1.7 %

Shares of SG stock opened at $35.06 on Friday. Sweetgreen, Inc. has a 1-year low of $8.64 and a 1-year high of $37.88. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of -37.70 and a beta of 2.30. The stock has a 50-day moving average of $28.67 and a 200-day moving average of $24.85.

Sweetgreen (NYSE:SG) last announced its earnings results on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Sweetgreen had a negative net margin of 14.33% and a negative return on equity of 19.34%. The company had revenue of $184.60 million during the quarter, compared to the consensus estimate of $180.79 million. During the same quarter in the previous year, the company earned ($0.20) earnings per share. The business’s revenue was up 21.0% on a year-over-year basis. Sell-side analysts forecast that Sweetgreen, Inc. will post -0.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Sweetgreen from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Bank of America boosted their price objective on Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup increased their target price on Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. William Blair restated an “outperform” rating on shares of Sweetgreen in a report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. upped their price objective on Sweetgreen from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Sweetgreen currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Institutional Investors Weigh In On Sweetgreen

Large investors have recently modified their holdings of the company. Quest Partners LLC acquired a new position in Sweetgreen in the second quarter valued at $76,000. Triumph Capital Management bought a new position in shares of Sweetgreen in the 4th quarter worth about $126,000. Handelsbanken Fonder AB acquired a new position in shares of Sweetgreen in the 4th quarter valued at about $137,000. Versor Investments LP bought a new stake in shares of Sweetgreen during the 2nd quarter valued at about $217,000. Finally, Perigon Wealth Management LLC acquired a new stake in Sweetgreen during the first quarter worth approximately $223,000. 95.75% of the stock is currently owned by institutional investors and hedge funds.

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.