Nathaniel Ru Sells 2,123 Shares of Sweetgreen, Inc. (NYSE:SG) Stock

Sweetgreen, Inc. (NYSE:SG) Director Nathaniel Ru sold 2,123 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.80, for a total transaction of $50,527.40. Following the completion of the transaction, the director now owns 1,785,099 shares in the company, valued at $42,485,356.20. The trade was a 0.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Sweetgreen Stock Performance

NYSE SG opened at $23.92 on Thursday. The business’s 50 day moving average price is $27.61 and its 200-day moving average price is $33.10. Sweetgreen, Inc. has a fifty-two week low of $18.77 and a fifty-two week high of $45.12. The company has a market cap of $2.81 billion, a P/E ratio of -30.66 and a beta of 2.44.

Institutional Trading of Sweetgreen

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its holdings in Sweetgreen by 4.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,191 shares of the company’s stock worth $936,000 after purchasing an additional 1,278 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Sweetgreen during the 4th quarter worth $5,492,000. Forum Financial Management LP increased its stake in shares of Sweetgreen by 17.5% during the fourth quarter. Forum Financial Management LP now owns 8,112 shares of the company’s stock valued at $260,000 after buying an additional 1,209 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Sweetgreen in the fourth quarter valued at about $395,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Sweetgreen by 18.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 226,552 shares of the company’s stock worth $7,263,000 after acquiring an additional 35,276 shares during the period. 95.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on SG shares. KeyCorp began coverage on shares of Sweetgreen in a report on Wednesday, December 11th. They issued a “sector weight” rating on the stock. UBS Group cut their target price on shares of Sweetgreen from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Piper Sandler reduced their price target on shares of Sweetgreen from $39.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. TD Securities lowered their price objective on shares of Sweetgreen from $45.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, The Goldman Sachs Group reduced their target price on Sweetgreen from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sweetgreen currently has an average rating of “Moderate Buy” and a consensus price target of $36.27.

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.