Nathaniel Ru Sells 2,123 Shares of Sweetgreen, Inc. (NYSE:SG) Stock

Sweetgreen, Inc. (NYSE:SG) Director Nathaniel Ru sold 2,123 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.80, for a total value of $50,527.40. Following the completion of the sale, the director now directly owns 1,785,099 shares in the company, valued at $42,485,356.20. This trade represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sweetgreen Trading Up 1.2 %

Sweetgreen stock opened at $23.92 on Thursday. Sweetgreen, Inc. has a 1-year low of $18.77 and a 1-year high of $45.12. The firm has a market capitalization of $2.81 billion, a PE ratio of -30.66 and a beta of 2.44. The firm’s 50 day simple moving average is $27.61 and its 200 day simple moving average is $33.10.

Analyst Ratings Changes

SG has been the topic of a number of research reports. The Goldman Sachs Group reduced their price objective on Sweetgreen from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. UBS Group reduced their price target on Sweetgreen from $45.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. KeyCorp began coverage on Sweetgreen in a research note on Wednesday, December 11th. They issued a “sector weight” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $45.00 target price on shares of Sweetgreen in a research report on Tuesday, February 25th. Finally, Morgan Stanley reduced 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. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.27.

Institutional Trading of Sweetgreen

Institutional investors and hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its holdings in shares of Sweetgreen by 3,571.4% in 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 in the last quarter. Headlands Technologies LLC lifted its position in Sweetgreen by 156.0% in the 4th quarter. Headlands Technologies LLC now owns 1,216 shares of the company’s stock worth $39,000 after buying an additional 741 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Sweetgreen by 45.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the company’s stock worth $50,000 after buying an additional 494 shares in the last quarter. Millstone Evans Group LLC bought a new position in Sweetgreen during the fourth quarter valued at approximately $53,000. Finally, Denver PWM LLC purchased a new position in shares of Sweetgreen during the fourth quarter worth approximately $60,000. Hedge funds and other institutional investors own 95.75% of the company’s stock.

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.