25,282 Shares in Sweetgreen, Inc. (NYSE:SG) Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. purchased a new stake in shares of Sweetgreen, Inc. (NYSE:SGFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 25,282 shares of the company’s stock, valued at approximately $297,000.

Several other hedge funds also recently modified their holdings of the company. Hussman Strategic Advisors Inc. increased its position in shares of Sweetgreen by 1.0% during the 3rd quarter. Hussman Strategic Advisors Inc. now owns 252,000 shares of the company’s stock valued at $2,961,000 after purchasing an additional 2,400 shares during the period. New York State Common Retirement Fund increased its position in shares of Sweetgreen by 159.3% during the 3rd quarter. New York State Common Retirement Fund now owns 99,302 shares of the company’s stock valued at $1,167,000 after purchasing an additional 61,008 shares during the period. Versor Investments LP increased its position in shares of Sweetgreen by 138.5% during the 3rd quarter. Versor Investments LP now owns 55,801 shares of the company’s stock valued at $656,000 after purchasing an additional 32,401 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Sweetgreen during the 3rd quarter valued at $4,839,000. Finally, Forum Financial Management LP boosted its stake in shares of Sweetgreen by 12.6% during the 3rd quarter. Forum Financial Management LP now owns 11,262 shares of the company’s stock worth $132,000 after acquiring an additional 1,262 shares in the last quarter. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Adrienne Gemperle sold 3,364 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $10.09, for a total transaction of $33,942.76. Following the completion of the sale, the insider now directly owns 131,148 shares in the company, valued at $1,323,283.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Adrienne Gemperle sold 3,364 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $10.09, for a total transaction of $33,942.76. Following the completion of the sale, the insider now directly owns 131,148 shares in the company, valued at $1,323,283.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jonathan Neman sold 5,000 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $11.24, for a total value of $56,200.00. Following the sale, the chief executive officer now owns 2,100,000 shares of the company’s stock, valued at $23,604,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,336 shares of company stock worth $516,380. Corporate insiders own 22.03% of the company’s stock.

Sweetgreen Stock Up 1.8 %

Shares of Sweetgreen stock opened at $12.09 on Friday. The stock has a market cap of $1.36 billion, a PE ratio of -10.08 and a beta of 1.84. The business has a fifty day simple moving average of $10.82 and a 200-day simple moving average of $11.59. Sweetgreen, Inc. has a 12 month low of $6.10 and a 12 month high of $16.58.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Piper Sandler reduced their price objective on Sweetgreen from $19.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Oppenheimer raised their price objective on Sweetgreen from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Citigroup reduced their price objective 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. reduced their price objective on Sweetgreen from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, November 8th. Finally, Morgan Stanley lowered Sweetgreen from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $14.00 to $10.00 in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Sweetgreen currently has an average rating of “Hold” and a consensus price target of $14.00.

Read Our Latest Research Report on SG

Sweetgreen Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sweetgreen (NYSE:SG)

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