282,710 Shares in Sweetgreen, Inc. (NYSE:SG) Purchased by Amundi

Amundi purchased a new position in Sweetgreen, Inc. (NYSE:SG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 282,710 shares of the company’s stock, valued at approximately $9,112,000. Amundi owned approximately 0.24% of Sweetgreen at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its stake in Sweetgreen by 3,571.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,028 shares of the company’s stock worth $33,000 after purchasing an additional 1,000 shares in the last quarter. Denver PWM LLC bought a new position in Sweetgreen in the 4th quarter worth about $60,000. Wilmington Savings Fund Society FSB bought a new position in Sweetgreen in the 4th quarter worth about $62,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new position in Sweetgreen in the 4th quarter worth about $77,000. Finally, Fairfield Financial Advisors LTD bought a new position in Sweetgreen in the 4th quarter worth about $83,000. Institutional investors own 95.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SG shares. Citigroup lowered their target price on shares of Sweetgreen from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Piper Sandler lowered their target price on shares of Sweetgreen from $39.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Morgan Stanley lowered their target price on shares of Sweetgreen from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. KeyCorp started coverage on shares of Sweetgreen in a research note on Wednesday, December 11th. They set a “sector weight” rating on the stock. Finally, The Goldman Sachs Group lowered their target price on shares of Sweetgreen from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.27.

Insider Buying and Selling

In related news, CFO Mitch Reback sold 10,926 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.43, for a total value of $288,774.18. Following the completion of the sale, the chief financial officer now directly owns 344,055 shares of the company’s stock, valued at approximately $9,093,373.65. This represents a 3.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 21.52% of the stock is currently owned by insiders.

Sweetgreen Stock Up 0.8 %

Shares of NYSE:SG opened at $23.83 on Friday. The firm’s 50 day moving average price is $28.16 and its 200-day moving average price is $33.27. The stock has a market capitalization of $2.79 billion, a PE ratio of -30.55 and a beta of 2.44. Sweetgreen, Inc. has a twelve month low of $18.77 and a twelve month high of $45.12.

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.