Sweetgreen, Inc. (NYSE:SG) Insider Adrienne Gemperle Sells 5,372 Shares

Sweetgreen, Inc. (NYSE:SG) insider Adrienne Gemperle sold 5,372 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $34.05, for a total value of $182,916.60. Following the completion of the sale, the insider now owns 107,313 shares in the company, valued at approximately $3,654,007.65. This represents a 4.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sweetgreen Stock Up 12.0 %

SG traded up $4.06 during trading on Tuesday, reaching $37.89. 3,069,451 shares of the stock traded hands, compared to its average volume of 2,880,745. The stock’s 50-day moving average is $36.35 and its 200 day moving average is $32.02. Sweetgreen, Inc. has a 12 month low of $9.21 and a 12 month high of $42.77. The stock has a market capitalization of $4.38 billion, a PE ratio of -46.64 and a beta of 2.32.

Institutional Trading of Sweetgreen

Large investors have recently modified their holdings of the stock. Oliver Luxxe Assets LLC bought a new position in Sweetgreen in the 3rd quarter valued at about $1,973,000. Sei Investments Co. bought a new position in Sweetgreen in the 1st quarter worth about $1,110,000. Davidson Kempner Capital Management LP increased its holdings in Sweetgreen by 40.1% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 575,000 shares of the company’s stock worth $17,330,000 after acquiring an additional 164,600 shares during the period. Zweig DiMenna Associates LLC bought a new position in shares of Sweetgreen in the third quarter worth $3,329,000. Finally, Stephens Investment Management Group LLC boosted its position in shares of Sweetgreen by 139.9% during the 3rd quarter. Stephens Investment Management Group LLC now owns 939,335 shares of the company’s stock valued at $33,299,000 after acquiring an additional 547,816 shares during the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on SG shares. Oppenheimer increased their target price on Sweetgreen from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Citigroup boosted their price target on shares of Sweetgreen from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. TD Cowen restated a “buy” rating and issued a $45.00 price objective on shares of Sweetgreen in a research note on Monday. Bank of America increased their price objective on Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Finally, Morgan Stanley increased their price objective on shares of Sweetgreen from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.80.

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.