Sweetgreen, Inc. (NYSE:SG) CEO Sells $663,525.00 in Stock

Sweetgreen, Inc. (NYSE:SG) CEO Jonathan Neman sold 14,745 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $45.00, for a total value of $663,525.00. Following the completion of the transaction, the chief executive officer now directly owns 1,930,228 shares in the company, valued at approximately $86,860,260. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were 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 shares were 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 stock was 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 shares were sold at an average price of $28.81, for a total transaction of $213,194.00.

Sweetgreen Stock Performance

NYSE:SG opened at $40.98 on Friday. Sweetgreen, Inc. has a 1 year low of $9.31 and a 1 year high of $45.12. The stock has a market cap of $4.74 billion, a P/E ratio of -52.54 and a beta of 2.32. The stock has a 50-day simple moving average of $37.69 and a 200-day simple moving average of $32.93.

Hedge Funds Weigh In On Sweetgreen

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oliver Luxxe Assets LLC purchased a new stake in shares of Sweetgreen during the 3rd quarter worth approximately $1,973,000. GLOBALT Investments LLC GA acquired a new stake in Sweetgreen during the 3rd quarter worth $591,000. Davidson Kempner Capital Management LP lifted its position in Sweetgreen by 40.1% in the second quarter. Davidson Kempner Capital Management LP now owns 575,000 shares of the company’s stock valued at $17,330,000 after acquiring an additional 164,600 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new position in Sweetgreen in the third quarter valued at $3,329,000. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Sweetgreen by 139.9% during the third quarter. Stephens Investment Management Group LLC now owns 939,335 shares of the company’s stock worth $33,299,000 after purchasing an additional 547,816 shares during the last quarter. 95.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SG has been the topic of several research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $40.00 price objective on shares of Sweetgreen in a report on Friday, November 8th. Bank of America increased their price target on shares of Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Citigroup lifted their price objective on shares of Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, August 9th. UBS Group increased their target price on shares of Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Morgan Stanley upped their price objective on Sweetgreen from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Sweetgreen has a consensus rating of “Moderate Buy” and a consensus price target of $39.80.

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.