Cypress Wealth Services LLC Has $270,000 Stock Position in Sweetgreen, Inc. (NYSE:SG)

Cypress Wealth Services LLC lifted its position in shares of Sweetgreen, Inc. (NYSE:SG) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,423 shares of the company’s stock after purchasing an additional 483 shares during the quarter. Cypress Wealth Services LLC’s holdings in Sweetgreen were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Cox Capital Mgt LLC boosted its position in shares of Sweetgreen by 76.0% during the 4th quarter. Cox Capital Mgt LLC now owns 53,898 shares of the company’s stock valued at $1,728,000 after acquiring an additional 23,278 shares in the last quarter. PSI Advisors LLC lifted its stake in Sweetgreen by 64.0% during the fourth quarter. PSI Advisors LLC now owns 11,008 shares of the company’s stock worth $353,000 after purchasing an additional 4,295 shares during the period. Moody National Bank Trust Division acquired a new stake in Sweetgreen during the fourth quarter valued at approximately $1,182,000. Harbor Capital Advisors Inc. grew its stake in shares of Sweetgreen by 18.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 170,172 shares of the company’s stock valued at $5,456,000 after purchasing an additional 26,731 shares during the period. Finally, Diversified Trust Co grew its stake in shares of Sweetgreen by 223.2% in the 4th quarter. Diversified Trust Co now owns 27,126 shares of the company’s stock valued at $870,000 after purchasing an additional 18,733 shares during the period. 95.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SG shares. Citigroup raised Sweetgreen from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $49.00 in a research note on Friday, January 10th. KeyCorp started coverage on shares of Sweetgreen in a research note on Wednesday, December 11th. They issued a “sector weight” rating on the stock. Oppenheimer lowered their target price on shares of Sweetgreen from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. UBS Group lifted their price target on shares of Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Sweetgreen in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.10.

Insider Buying and Selling

In other Sweetgreen news, insider Nathaniel Ru sold 1,263 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $40.01, for a total transaction of $50,532.63. Following the completion of the sale, the insider now directly owns 1,952,129 shares of the company’s stock, valued at approximately $78,104,681.29. The trade was a 0.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jonathan Neman sold 20,937 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $40.03, for a total transaction of $838,108.11. Following the completion of the transaction, the chief executive officer now directly owns 1,930,228 shares in the company, valued at $77,267,026.84. This trade represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 648,838 shares of company stock worth $25,065,773 in the last quarter. Insiders own 21.52% of the company’s stock.

Sweetgreen Trading Up 0.8 %

Shares of SG stock opened at $33.49 on Friday. Sweetgreen, Inc. has a 1 year low of $10.07 and a 1 year high of $45.12. The firm’s 50 day moving average is $36.04 and its 200-day moving average is $33.74. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -42.93 and a beta of 2.38.

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.