Fishman Jay A Ltd. MI Has $402,000 Stake in Sweetgreen, Inc. (NYSE:SG)

Fishman Jay A Ltd. MI grew its stake in Sweetgreen, Inc. (NYSE:SG) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,525 shares of the company’s stock after purchasing an additional 900 shares during the period. Fishman Jay A Ltd. MI’s holdings in Sweetgreen were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Sweetgreen by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,407,163 shares of the company’s stock worth $120,784,000 after purchasing an additional 236,874 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Sweetgreen by 13.3% during the third quarter. Lord Abbett & CO. LLC now owns 2,313,996 shares of the company’s stock worth $82,032,000 after purchasing an additional 272,340 shares during the last quarter. State Street Corp increased its stake in shares of Sweetgreen by 3.2% in the third quarter. State Street Corp now owns 2,263,025 shares of the company’s stock valued at $80,224,000 after buying an additional 69,120 shares during the period. Geode Capital Management LLC raised its holdings in Sweetgreen by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,249,409 shares of the company’s stock valued at $79,757,000 after buying an additional 116,243 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Sweetgreen by 13.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,258,484 shares of the company’s stock worth $44,613,000 after buying an additional 148,684 shares during the period. 95.75% of the stock is owned by institutional investors.

Sweetgreen Stock Down 10.5 %

NYSE SG opened at $25.96 on Wednesday. The business has a 50 day simple moving average of $33.32 and a 200 day simple moving average of $34.51. Sweetgreen, Inc. has a one year low of $10.93 and a one year high of $45.12.

Insiders Place Their Bets

In other news, CFO Mitch Reback sold 8,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $33.13, for a total transaction of $265,040.00. Following the transaction, the chief financial officer now owns 350,981 shares in the company, valued at approximately $11,628,000.53. This represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Wouleta Ayele sold 4,347 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.05, for a total value of $148,015.35. Following the completion of the sale, the chief technology officer now owns 140,302 shares of the company’s stock, valued at approximately $4,777,283.10. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 601,607 shares of company stock worth $23,177,393. Corporate insiders own 21.52% of the company’s stock.

Analyst Ratings Changes

SG has been the subject of several recent research reports. UBS Group upped their price target on shares of Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Oppenheimer reduced their price objective on shares of Sweetgreen from $45.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Citigroup raised Sweetgreen from a “neutral” rating to a “buy” rating and raised their target price for the stock from $44.00 to $49.00 in a research report on Friday, January 10th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $40.00 price target on shares of Sweetgreen in a research report on Friday, November 8th. Finally, TD Cowen restated a “buy” rating and set a $45.00 price objective on shares of Sweetgreen in a research report on Monday, November 18th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Sweetgreen has an average rating of “Moderate Buy” and a consensus target price of $41.20.

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.