Nicolas Jammet Sells 14,551 Shares of Sweetgreen, Inc. (NYSE:SG) Stock

Sweetgreen, Inc. (NYSE:SG) insider Nicolas Jammet sold 14,551 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $45.00, for a total value of $654,795.00. Following the completion of the transaction, the insider now directly owns 1,930,233 shares in the company, valued at $86,860,485. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nicolas Jammet also recently made the following trade(s):

• On Wednesday, November 6th, Nicolas Jammet sold 16,751 shares of Sweetgreen stock. The shares were sold at an average price of $40.04, for a total value of $670,710.04.
• On Friday, September 13th, Nicolas Jammet sold 21,275 shares of Sweetgreen stock. The stock was sold at an average price of $35.10, for a total transaction of $746,752.50.

Sweetgreen Stock Down 1.9 %

Shares of SG stock opened at $42.43 on Friday. Sweetgreen, Inc. has a 1-year low of $9.31 and a 1-year high of $45.12. The stock has a 50 day simple moving average of $37.49 and a 200-day simple moving average of $32.80.

Hedge Funds Weigh In On Sweetgreen

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Sweetgreen by 0.8% in the first quarter. Vanguard Group Inc. now owns 8,420,947 shares of the company’s stock valued at $212,713,000 after purchasing an additional 70,395 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Sweetgreen by 47.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 55,041 shares of the company’s stock worth $1,391,000 after buying an additional 17,750 shares in the last quarter. Bayesian Capital Management LP raised its holdings in shares of Sweetgreen by 120.2% during the first quarter. Bayesian Capital Management LP now owns 27,665 shares of the company’s stock valued at $699,000 after acquiring an additional 15,100 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Sweetgreen by 5.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 309,630 shares of the company’s stock valued at $7,821,000 after acquiring an additional 14,948 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Sweetgreen by 98.4% in the second quarter. Harbor Capital Advisors Inc. now owns 18,628 shares of the company’s stock worth $561,000 after acquiring an additional 9,238 shares during the last quarter. 95.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SG. Citigroup increased their price objective on shares of Sweetgreen from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Piper Sandler reiterated a “neutral” rating and set a $39.00 price objective (up previously from $33.00) on shares of Sweetgreen in a research note on Monday, August 19th. TD Cowen restated a “buy” rating and issued a $45.00 target price on shares of Sweetgreen in a research note on Monday, November 18th. UBS Group lifted their price target on Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Bank of America upped 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. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Sweetgreen presently has an average rating of “Moderate Buy” and an average price target of $39.80.

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.