Sweetgreen, Inc. (NYSE:SG) CEO Sells $1,614,091.05 in Stock

Sweetgreen, Inc. (NYSE:SG) CEO Jonathan Neman sold 41,805 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $38.61, for a total value of $1,614,091.05. Following the sale, the chief executive officer now directly owns 1,930,228 shares of the company’s stock, valued at $74,526,103.08. This represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jonathan Neman also recently made the following trade(s):

• On Monday, November 25th, Jonathan Neman sold 14,745 shares of Sweetgreen stock. The stock was sold at an average price of $45.00, for a total value of $663,525.00.
• On Wednesday, November 6th, Jonathan Neman sold 20,937 shares of Sweetgreen stock. The stock was sold at an average price of $40.03, for a total value of $838,108.11.
• On Monday, October 28th, Jonathan Neman sold 1,010 shares of Sweetgreen stock. The stock was sold at an average price of $40.01, for a total value 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 value of $597,061.60.
• On Monday, September 9th, Jonathan Neman sold 7,400 shares of Sweetgreen stock. The stock was sold at an average price of $28.81, for a total value of $213,194.00.

Sweetgreen Stock Up 5.0 %

Shares of NYSE:SG opened at $42.04 on Friday. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of -53.90 and a beta of 2.32. Sweetgreen, Inc. has a 12-month low of $9.66 and a 12-month high of $45.12. The business’s 50 day moving average is $38.12 and its 200 day moving average is $33.20.

Analyst Ratings Changes

A number of brokerages have commented on SG. Oppenheimer raised their price objective on Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $40.00 price objective on shares of Sweetgreen in a research note on Friday, November 8th. UBS Group raised their price objective on Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Cowen reissued a “buy” rating and issued a $45.00 price objective on shares of Sweetgreen in a research note on Monday, November 18th. Finally, Bank of America raised their price objective on Sweetgreen from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Sweetgreen presently has a consensus rating of “Moderate Buy” and an average target price of $39.80.

Institutional Trading of Sweetgreen

A number of hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. lifted its holdings in Sweetgreen by 6.2% during the second quarter. Baillie Gifford & Co. now owns 12,326,336 shares of the company’s stock worth $371,516,000 after acquiring an additional 721,740 shares during the period. Wellington Management Group LLP lifted its holdings in Sweetgreen by 7.5% during the third 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 period. Driehaus Capital Management LLC lifted its holdings in Sweetgreen by 231.8% during the second 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 period. State Street Corp lifted its holdings in Sweetgreen by 3.2% during the third 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 period. Finally, Geode Capital Management LLC lifted its holdings in Sweetgreen by 5.4% during the third 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 period. 95.75% of the stock is currently owned by institutional investors.

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.