14,283 Shares in Sweetgreen, Inc. (NYSE:SG) Bought by Magnetar Financial LLC

Magnetar Financial LLC purchased a new position in shares of Sweetgreen, Inc. (NYSE:SG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,283 shares of the company’s stock, valued at approximately $458,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SG. Steward Partners Investment Advisory LLC grew its position in Sweetgreen by 3,571.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,028 shares of the company’s stock worth $33,000 after purchasing an additional 1,000 shares during the last quarter. Denver PWM LLC purchased a new position in Sweetgreen during the 4th quarter worth $60,000. Wilmington Savings Fund Society FSB purchased a new position in Sweetgreen during the 4th quarter worth $62,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in Sweetgreen during the 4th quarter worth $77,000. Finally, Fairfield Financial Advisors LTD purchased a new position in Sweetgreen during the 4th quarter worth $83,000. 95.75% of the stock is currently owned by institutional investors and hedge funds.

Sweetgreen Stock Up 2.2 %

Shares of NYSE SG opened at $24.97 on Friday. Sweetgreen, Inc. has a 52 week low of $18.77 and a 52 week high of $45.12. The firm has a 50-day moving average price of $27.30 and a 200 day moving average price of $33.02. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -32.01 and a beta of 2.44.

Analyst Ratings Changes

SG has been the topic of several research reports. TD Securities lowered their price objective on shares of Sweetgreen from $45.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Citigroup lowered their target price on shares of Sweetgreen from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Morgan Stanley lowered their target price on shares of Sweetgreen from $32.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Piper Sandler lowered their target price on shares of Sweetgreen from $39.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Finally, Oppenheimer lowered their target price on shares of Sweetgreen from $41.00 to $35.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.27.

Insider Activity at Sweetgreen

In other Sweetgreen news, Director Nathaniel Ru sold 2,123 shares of Sweetgreen stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.80, for a total transaction of $50,527.40. Following the completion of the transaction, the director now owns 1,785,099 shares in the company, valued at approximately $42,485,356.20. The trade was a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mitch Reback sold 8,000 shares of Sweetgreen stock in a transaction dated Wednesday, January 15th. The stock was 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 of the company’s stock, valued at approximately $11,628,000.53. The trade was a 2.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,852 shares of company stock worth $1,052,177 over the last 90 days. Company insiders own 21.52% of the company’s stock.

Sweetgreen 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.