Jonathan Neman Sells 14,745 Shares of Sweetgreen, Inc. (NYSE:SG) Stock

Sweetgreen, Inc. (NYSE:SG) CEO Jonathan Neman sold 14,745 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $45.00, for a total value of $663,525.00. Following the completion of the sale, the chief executive officer now owns 1,930,228 shares in the company, valued at approximately $86,860,260. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jonathan Neman also recently made the following trade(s):

• On Wednesday, November 6th, Jonathan Neman sold 20,937 shares of Sweetgreen stock. The stock was sold at an average price of $40.03, for a total value of $838,108.11.
• On Monday, October 28th, Jonathan Neman sold 1,010 shares of Sweetgreen stock. The shares were sold at an average price of $40.01, for a total value of $40,410.10.
• On Friday, September 13th, Jonathan Neman sold 17,020 shares of Sweetgreen stock. The stock was sold at an average price of $35.08, for a total transaction of $597,061.60.
• On Monday, September 9th, Jonathan Neman sold 7,400 shares of Sweetgreen stock. The stock was sold at an average price of $28.81, for a total transaction of $213,194.00.

Sweetgreen Trading Down 2.0 %

Shares of SG opened at $42.39 on Thursday. The company’s 50 day simple moving average is $37.32 and its 200-day simple moving average is $32.73. Sweetgreen, Inc. has a 12-month low of $9.31 and a 12-month high of $45.12. The firm has a market cap of $4.90 billion, a PE ratio of -54.35 and a beta of 2.32.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management purchased a new position in shares of Sweetgreen during the third quarter worth about $35,000. Quest Partners LLC acquired a new stake in Sweetgreen during the 2nd quarter worth approximately $76,000. KBC Group NV grew its stake in shares of Sweetgreen by 29.1% in the 3rd quarter. KBC Group NV now owns 3,127 shares of the company’s stock valued at $111,000 after purchasing an additional 704 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Sweetgreen in the third quarter valued at approximately $155,000. Finally, Canton Hathaway LLC purchased a new stake in shares of Sweetgreen during the third quarter worth approximately $177,000. 95.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on SG. Piper Sandler reaffirmed a “neutral” rating and set a $39.00 price objective (up from $33.00) on shares of Sweetgreen in a research report on Monday, August 19th. TD Cowen reaffirmed a “buy” rating and set a $45.00 price objective on shares of Sweetgreen in a research report on Monday, November 18th. The Goldman Sachs Group reissued a “neutral” rating and set a $40.00 target price on shares of Sweetgreen in a research report on Friday, November 8th. Citigroup upped their price target on Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Finally, Morgan Stanley raised their price objective on shares of Sweetgreen from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Sweetgreen presently has an average rating of “Moderate Buy” and a consensus 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.