Sweetgreen, Inc. (NYSE:SG) CEO Sells $663,525.00 in Stock

Sweetgreen, Inc. (NYSE:SG) CEO Jonathan Neman sold 14,745 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $45.00, for a total value of $663,525.00. Following the sale, the chief executive officer now owns 1,930,228 shares of the company’s stock, valued at $86,860,260. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, November 6th, Jonathan Neman sold 20,937 shares of Sweetgreen stock. The shares were 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 stock was 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 value 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 value of $213,194.00.

Sweetgreen Stock Performance

Shares of NYSE SG traded down $0.88 during mid-day trading on Wednesday, reaching $42.39. The company had a trading volume of 1,827,518 shares, compared to its average volume of 2,881,304. Sweetgreen, Inc. has a twelve month low of $9.31 and a twelve month high of $45.12. The stock has a market capitalization of $4.90 billion, a PE ratio of -54.40 and a beta of 2.32. The stock’s 50 day moving average is $37.32 and its 200-day moving average is $32.73.

Institutional Investors Weigh In On Sweetgreen

Large investors have recently bought and sold shares of the business. Hollencrest Capital Management bought a new stake in Sweetgreen in the third quarter worth $35,000. Quest Partners LLC bought a new stake in Sweetgreen during the second quarter valued at about $76,000. KBC Group NV boosted its holdings in Sweetgreen by 29.1% during the third quarter. KBC Group NV now owns 3,127 shares of the company’s stock valued at $111,000 after acquiring an additional 704 shares during the period. Daiwa Securities Group Inc. bought a new stake in Sweetgreen during the third quarter valued at about $155,000. Finally, Canton Hathaway LLC bought a new stake in Sweetgreen during the third quarter valued at about $177,000. 95.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $40.00 price target on shares of Sweetgreen in a research note on Friday, November 8th. Citigroup lifted their target price on Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. UBS Group lifted their target price on Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Bank of America lifted their target price on Sweetgreen from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Finally, Oppenheimer lifted their target price on Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Sweetgreen has an average rating of “Moderate Buy” and an average target price 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.