Sweetgreen, Inc. (NYSE:SG) Insider Nathaniel Ru Sells 53,718 Shares

by · The Cerbat Gem

Sweetgreen, Inc. (NYSE:SG – Get Free Report) insider Nathaniel Ru sold 53,718 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $38.70, for a total transaction of $2,078,886.60. Following the completion of the sale, the insider now owns 1,952,129 shares of the company’s stock, valued at $75,547,392.30. This trade represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Nathaniel Ru also recently made the following trade(s):

  • On Monday, October 28th, Nathaniel Ru sold 1,263 shares of Sweetgreen stock. The shares were sold at an average price of $40.01, for a total value of $50,532.63.

Sweetgreen Stock Performance

SG opened at $38.81 on Thursday. Sweetgreen, Inc. has a 52-week low of $9.66 and a 52-week high of $45.12. The firm has a market cap of $4.49 billion, a P/E ratio of -49.76 and a beta of 2.32. The business’s fifty day moving average is $38.28 and its 200-day moving average is $33.33.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SG. Driehaus Capital Management LLC lifted its holdings in shares of Sweetgreen by 231.8% in the second quarter. Driehaus Capital Management LLC now owns 2,688,403 shares of the company’s stock worth $81,028,000 after acquiring an additional 1,878,216 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Sweetgreen during the second quarter worth $33,449,000. Renaissance Technologies LLC bought a new position in shares of Sweetgreen in the 2nd quarter valued at $29,109,000. Baillie Gifford & Co. boosted its holdings in shares of Sweetgreen by 6.2% during the 2nd quarter. Baillie Gifford & Co. now owns 12,326,336 shares of the company’s stock valued at $371,516,000 after acquiring an additional 721,740 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its position in Sweetgreen by 139.9% during the 3rd quarter. Stephens Investment Management Group LLC now owns 939,335 shares of the company’s stock worth $33,299,000 after acquiring an additional 547,816 shares during the last quarter. 95.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group lifted their target price on Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Sweetgreen in a research report on Friday, November 8th. KeyCorp started coverage on shares of Sweetgreen in a research note on Wednesday. They set a “sector weight” rating for the company. Bank of America lifted their target price on Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Finally, Oppenheimer boosted their target price on shares of Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.80.

Read Our Latest Analysis on SG

Sweetgreen Company Profile

(Get Free Report)

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.

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