Sweetgreen, Inc. $SG Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in Sweetgreen, Inc. (NYSE:SG) by 38.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,400 shares of the company’s stock after selling 85,900 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.12% of Sweetgreen worth $729,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Woodson Capital Management LP lifted its holdings in Sweetgreen by 152.6% in the fourth quarter. Woodson Capital Management LP now owns 6,000,000 shares of the company’s stock valued at $40,560,000 after acquiring an additional 3,625,000 shares during the period. Marshall Wace LLP grew its stake in shares of Sweetgreen by 1,428.8% during the 3rd quarter. Marshall Wace LLP now owns 3,923,973 shares of the company’s stock worth $31,313,000 after purchasing an additional 3,667,306 shares during the period. Federated Hermes Inc. increased its holdings in shares of Sweetgreen by 366.8% during the 4th quarter. Federated Hermes Inc. now owns 2,647,899 shares of the company’s stock valued at $17,900,000 after purchasing an additional 2,080,628 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Sweetgreen by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,453,564 shares of the company’s stock valued at $16,589,000 after purchasing an additional 16,281 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Sweetgreen by 35.6% in the 4th quarter. BNP Paribas Financial Markets now owns 2,295,867 shares of the company’s stock valued at $15,520,000 after purchasing an additional 603,029 shares during the period. 95.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on SG shares. Weiss Ratings raised shares of Sweetgreen from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Wall Street Zen upgraded shares of Sweetgreen from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Citigroup increased their target price on shares of Sweetgreen from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. BNP Paribas Exane lifted their price target on Sweetgreen from $4.50 to $5.00 and gave the company an “underperform” rating in a research note on Friday, May 8th. Finally, DA Davidson upped their price target on Sweetgreen from $5.50 to $7.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.72.

Sweetgreen Stock Down 0.4%

Shares of NYSE SG opened at $6.42 on Monday. The firm has a 50-day simple moving average of $8.07 and a 200-day simple moving average of $6.91. The stock has a market capitalization of $763.48 million, a price-to-earnings ratio of 53.55 and a beta of 2.20. Sweetgreen, Inc. has a 52 week low of $4.49 and a 52 week high of $13.25.

Sweetgreen (NYSE:SG) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.04). The business had revenue of $161.52 million for the quarter, compared to analysts’ expectations of $163.94 million. Sweetgreen had a net margin of 2.49% and a negative return on equity of 33.07%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.21) EPS. As a group, equities research analysts expect that Sweetgreen, Inc. will post -0.51 EPS for the current year.

Sweetgreen Company Profile

Sweetgreen, Inc is a fast-casual restaurant chain specializing in salads, grain bowls and warm bowls that emphasize fresh, locally sourced ingredients. Since its founding in 2007 by Jonathan Neman, Nicolas Jammet and Nathaniel Ru, Sweetgreen has focused on sustainable agriculture, working with regional farmers across the United States to provide seasonal produce and promote environmentally responsible sourcing practices. The company’s menu features a variety of plant-forward options, including custom-build salads, chef-curated bowls and limited-time offerings that reflect changing harvests.

Sweetgreen operates a technology-driven service model that combines in-store experiences with digital ordering through its mobile app and website.