Sweetgreen, Inc. (NYSE:SG – Get Free Report) insider Adrienne Gemperle sold 3,364 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $10.09, for a total value of $33,942.76. Following the completion of the sale, the insider now directly owns 131,148 shares of the company’s stock, valued at approximately $1,323,283.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Adrienne Gemperle also recently made the following trade(s):
- On Wednesday, August 23rd, Adrienne Gemperle sold 5,399 shares of Sweetgreen stock. The shares were sold at an average price of $14.53, for a total value of $78,447.47.
Sweetgreen Stock Performance
Sweetgreen stock traded up $0.06 during mid-day trading on Monday, reaching $9.90. The stock had a trading volume of 1,762,481 shares, compared to its average volume of 1,767,773. Sweetgreen, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $16.58. The stock’s 50-day simple moving average is $11.03 and its 200-day simple moving average is $11.97. The firm has a market capitalization of $1.11 billion, a PE ratio of -8.25 and a beta of 2.05.
Institutional Investors Weigh In On Sweetgreen
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. TD Cowen decreased their price target on Sweetgreen from $16.00 to $14.00 and set a “market perform” rating for the company in a research note on Friday, July 28th. Citigroup decreased their price target on Sweetgreen from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, October 24th. JPMorgan Chase & Co. decreased their target price on Sweetgreen from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, November 8th. Piper Sandler decreased their target price on Sweetgreen from $19.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 target price on shares of Sweetgreen in a research note on Friday, September 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.11.
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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