Fishman Jay A Ltd. MI Acquires 900 Shares of Sweetgreen, Inc. (NYSE:SG)

Fishman Jay A Ltd. MI lifted its holdings in shares of Sweetgreen, Inc. (NYSE:SG) by 7.7% in the 4th quarter, HoldingsChannel reports. The fund owned 12,525 shares of the company’s stock after purchasing an additional 900 shares during the period. Fishman Jay A Ltd. MI’s holdings in Sweetgreen were worth $402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hollencrest Capital Management bought a new stake in Sweetgreen during the 3rd quarter worth approximately $35,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Sweetgreen during the fourth quarter valued at approximately $62,000. KBC Group NV grew its holdings in Sweetgreen by 29.1% during the third quarter. KBC Group NV now owns 3,127 shares of the company’s stock worth $111,000 after buying an additional 704 shares in the last quarter. Sachetta LLC grew its holdings in Sweetgreen by 37.6% during the fourth quarter. Sachetta LLC now owns 4,324 shares of the company’s stock worth $139,000 after buying an additional 1,182 shares in the last quarter. Finally, Quest Partners LLC raised its position in Sweetgreen by 68.4% in the 3rd quarter. Quest Partners LLC now owns 4,256 shares of the company’s stock valued at $151,000 after buying an additional 1,728 shares during the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.

Sweetgreen Price Performance

Shares of NYSE SG opened at $25.96 on Wednesday. The stock has a fifty day simple moving average of $33.32 and a two-hundred day simple moving average of $34.51. Sweetgreen, Inc. has a 1-year low of $10.93 and a 1-year high of $45.12.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SG shares. TD Cowen reiterated a “buy” rating and issued a $45.00 target price on shares of Sweetgreen in a research note on Monday, November 18th. UBS Group upped their price objective on shares of Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup upgraded shares of Sweetgreen from a “neutral” rating to a “buy” rating and increased their price objective for the company from $44.00 to $49.00 in a research note on Friday, January 10th. Morgan Stanley cut their target price on Sweetgreen from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, KeyCorp initiated coverage on Sweetgreen in a research report on Wednesday, December 11th. They set a “sector weight” rating for the company. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

Insider Activity

In other Sweetgreen news, CFO Mitch Reback sold 9,507 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.05, for a total transaction of $323,713.35. Following the sale, the chief financial officer now owns 360,177 shares of the company’s stock, valued at $12,264,026.85. The trade was a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicolas Jammet sold 170,199 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $37.73, for a total value of $6,421,608.27. Following the completion of the transaction, the insider now directly owns 1,760,034 shares of the company’s stock, valued at $66,406,082.82. The trade was a 8.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 601,607 shares of company stock valued at $23,177,393 in the last 90 days. Insiders own 21.52% 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.