Sweetgreen, Inc. (NYSE:SG) CFO Sells $84,280.00 in Stock

Sweetgreen, Inc. (NYSE:SG) CFO Mitch Reback sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $21.07, for a total transaction of $84,280.00. Following the completion of the transaction, the chief financial officer now owns 344,509 shares of the company’s stock, valued at approximately $7,258,804.63. The trade was a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mitch Reback also recently made the following trade(s):

• On Monday, March 17th, Mitch Reback sold 8,109 shares of Sweetgreen stock. The stock was sold at an average price of $23.84, for a total value of $193,318.56.
• On Tuesday, February 18th, Mitch Reback sold 10,926 shares of Sweetgreen stock. The shares were sold at an average price of $26.43, for a total value of $288,774.18.

Sweetgreen Trading Down 3.6 %

NYSE SG traded down $0.74 on Wednesday, hitting $19.75. 3,204,592 shares of the company traded hands, compared to its average volume of 3,260,344. The business’s 50 day moving average price is $23.90 and its 200-day moving average price is $31.67. Sweetgreen, Inc. has a 52-week low of $18.62 and a 52-week high of $45.12. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of -25.32 and a beta of 2.28.

Wall Street Analysts Forecast Growth

SG has been the subject of a number of recent analyst reports. Citigroup decreased their target price on Sweetgreen from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group decreased their price objective on shares of Sweetgreen from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Piper Sandler dropped their target price on shares of Sweetgreen from $39.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. UBS Group decreased their target price on shares of Sweetgreen from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, TD Securities dropped their price target on Sweetgreen from $45.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.91.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SG. Steward Partners Investment Advisory LLC increased its holdings 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 acquiring an additional 1,000 shares in the last quarter. Headlands Technologies LLC boosted its position in shares of Sweetgreen by 156.0% in the fourth quarter. Headlands Technologies LLC now owns 1,216 shares of the company’s stock worth $39,000 after purchasing an additional 741 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Sweetgreen by 45.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the company’s stock valued at $50,000 after purchasing an additional 494 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Sweetgreen during the 4th quarter valued at $53,000. Finally, Denver PWM LLC purchased a new position in shares of Sweetgreen during the 4th quarter valued at $60,000. 95.75% of the stock is owned by hedge funds and other 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.