Sweetgreen, Inc. (NYSE:SG – Get Free Report) CTO Wouleta Ayele sold 2,447 shares of Sweetgreen stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $10.09, for a total value of $24,690.23. Following the completion of the transaction, the chief technology officer now owns 133,436 shares in the company, valued at approximately $1,346,369.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Sweetgreen Trading Up 0.6 %
Sweetgreen stock traded up $0.06 during trading hours on Monday, hitting $9.90. 1,762,481 shares of the stock traded hands, compared to its average volume of 1,767,773. The firm’s 50-day moving average price is $11.03 and its two-hundred day moving average price is $11.97. The company has a market cap of $1.11 billion, a PE ratio of -8.25 and a beta of 2.05. Sweetgreen, Inc. has a one year low of $6.10 and a one year high of $16.58.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Piper Sandler decreased their price objective on Sweetgreen from $19.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 price objective on shares of Sweetgreen in a report on Friday, September 15th. TD Cowen decreased their price objective on Sweetgreen from $16.00 to $14.00 and set a “market perform” rating on the stock in a report on Friday, July 28th. Citigroup reduced their price target on Sweetgreen from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Finally, JPMorgan Chase & Co. reduced their price target on Sweetgreen from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.11.
Institutional Trading of Sweetgreen
Several large investors have recently bought and sold shares of SG. Baillie Gifford & Co. boosted its position in Sweetgreen by 146.1% during the 4th quarter. Baillie Gifford & Co. now owns 5,291,714 shares of the company’s stock valued at $45,350,000 after acquiring an additional 3,141,070 shares in the last quarter. HighTower Advisors LLC boosted its position in Sweetgreen by 10.1% during the 4th quarter. HighTower Advisors LLC now owns 11,293 shares of the company’s stock valued at $97,000 after acquiring an additional 1,036 shares in the last quarter. Geode Capital Management LLC boosted its position in Sweetgreen by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 1,395,291 shares of the company’s stock valued at $11,957,000 after acquiring an additional 57,732 shares in the last quarter. Credit Suisse AG boosted its position in Sweetgreen by 31.9% during the 4th quarter. Credit Suisse AG now owns 487,203 shares of the company’s stock valued at $4,175,000 after acquiring an additional 117,711 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Sweetgreen during the 4th quarter valued at approximately $302,000. 79.21% of the stock is owned by institutional investors.
Sweetgreen Company Profile
Sweetgreen, Inc, together with its subsidiaries, develops and operates fast-casual restaurants serving healthy foods prepared from seasonal and organic ingredients. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that can be redeemed in its restaurants.
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