Sweetgreen, Inc. (NYSE:SG) CTO Wouleta Ayele Sells 4,347 Shares

Sweetgreen, Inc. (NYSE:SG) CTO Wouleta Ayele sold 4,347 shares of Sweetgreen stock in a transaction on Monday, November 18th. The shares were sold at an average price of $34.05, for a total transaction of $148,015.35. Following the completion of the sale, the chief technology officer now directly owns 140,302 shares in the company, valued at $4,777,283.10. This represents a 3.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sweetgreen Stock Up 12.0 %

Shares of SG opened at $37.89 on Wednesday. Sweetgreen, Inc. has a 52-week low of $9.21 and a 52-week high of $42.77. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of -48.58 and a beta of 2.32. The business’s 50 day moving average is $36.50 and its two-hundred day moving average is $32.13.

Institutional Trading of Sweetgreen

Several institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management bought a new stake in shares of Sweetgreen in the 3rd quarter worth about $35,000. Quest Partners LLC bought a new stake in Sweetgreen in the second quarter valued at about $76,000. KBC Group NV grew its position in shares of Sweetgreen by 29.1% in the 3rd quarter. KBC Group NV now owns 3,127 shares of the company’s stock worth $111,000 after acquiring an additional 704 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Sweetgreen in the 3rd quarter valued at approximately $155,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Sweetgreen during the 3rd quarter valued at approximately $177,000. 95.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on SG shares. TD Cowen reissued a “buy” rating and issued a $45.00 price target on shares of Sweetgreen in a research note on Monday. UBS Group upped their price objective on Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup raised their target price on shares of Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Morgan Stanley lifted their price target on Sweetgreen from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Finally, Oppenheimer increased 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. Four equities research 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 has an average rating of “Moderate Buy” and an average target price of $39.80.

About Sweetgreen

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.