FORA Capital LLC Acquires 18,512 Shares of Sweetgreen, Inc. (NYSE:SG)

FORA Capital LLC lifted its holdings in shares of Sweetgreen, Inc. (NYSE:SG) by 49.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,775 shares of the company’s stock after acquiring an additional 18,512 shares during the period. FORA Capital LLC’s holdings in Sweetgreen were worth $1,977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP boosted its position in shares of Sweetgreen by 2,296.6% during the third quarter. Quantbot Technologies LP now owns 52,175 shares of the company’s stock valued at $1,850,000 after buying an additional 49,998 shares during the last quarter. Canton Hathaway LLC bought a new position in Sweetgreen during the 3rd quarter valued at $177,000. Daiwa Securities Group Inc. purchased a new position in Sweetgreen during the 3rd quarter worth $155,000. Cerity Partners LLC grew its stake in shares of Sweetgreen by 3.6% in the 3rd quarter. Cerity Partners LLC now owns 57,258 shares of the company’s stock worth $2,030,000 after acquiring an additional 1,997 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Sweetgreen by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 830,249 shares of the company’s stock valued at $29,432,000 after purchasing an additional 64,205 shares during the last quarter. 95.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SG shares. UBS Group boosted their price target on shares of Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, November 8th. TD Cowen restated a “buy” rating and issued a $45.00 target price on shares of Sweetgreen in a research note on Monday, November 18th. Oppenheimer increased their price target on Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America boosted their price objective on Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $40.00 price target on shares of Sweetgreen in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.80.

Insider Transactions at Sweetgreen

In other Sweetgreen news, insider Nathaniel Ru sold 1,263 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $40.01, for a total value of $50,532.63. Following the sale, the insider now directly owns 1,952,129 shares in the company, valued at $78,104,681.29. This represents a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jonathan Neman sold 14,745 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $45.00, for a total value of $663,525.00. Following the completion of the transaction, the chief executive officer now owns 1,930,228 shares in the company, valued at $86,860,260. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,892 shares of company stock worth $7,499,763 over the last quarter. Corporate insiders own 21.52% of the company’s stock.

Sweetgreen Stock Down 2.0 %

NYSE SG opened at $42.39 on Thursday. The company has a market cap of $4.90 billion, a PE ratio of -54.35 and a beta of 2.32. Sweetgreen, Inc. has a 52 week low of $9.31 and a 52 week high of $45.12. The firm’s 50-day simple moving average is $37.32 and its two-hundred day simple moving average is $32.73.

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.