2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado purchased a new stake in Sweetgreen, Inc. ( NYSE:SG – Free Report ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,455 shares of the company’s stock, valued at approximately $285,000.
A number of other institutional investors and hedge funds also recently modified their holdings of SG. Quest Partners LLC acquired a new position in shares of Sweetgreen in the second quarter worth about $76,000. Versor Investments LP purchased a new stake in shares of Sweetgreen in the 2nd quarter valued at approximately $217,000.
Thoroughbred Financial Services LLC purchased a new stake in shares of Sweetgreen in the 2nd quarter valued at approximately $233,000. Moloney Securities Asset Management LLC purchased a new position in Sweetgreen during the 2nd quarter worth approximately $256,000. Finally, Perigon Wealth Management LLC acquired a new stake in Sweetgreen during the 1st quarter valued at $223,000.
Institutional investors and hedge funds own 95.75% of the company’s stock. Analyst Ratings Changes Several analysts have recently commented on SG shares.
Morgan Stanley raised their target price on Sweetgreen from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th.
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 increased their price target on shares of Sweetgreen from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, August 9th.
The Goldman Sachs Group began coverage on shares of Sweetgreen in a report on Thursday, June 13th. They set a “buy” rating and a $39.00 price target for the company.
Finally, Royal Bank of Canada upped their price objective on shares of Sweetgreen from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, June 7th.
Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Sweetgreen has a consensus rating of “Moderate Buy” and an average target price of $38.
20. Sweetgreen Stock Up 2.9 % Shares of SG opened at $35.
95 on Friday. Sweetgreen, Inc. has a 12 month low of $8.
64 and a 12 month high of $38.53. The company’s fifty day moving average is $31.
52 and its 200-day moving average is $28.46. The firm has a market cap of $4.
10 billion, a price-to-earnings ratio of -38.66 and a beta of 2.32.
Sweetgreen ( NYSE:SG – Get Free Report ) last posted its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.
11) by ($0.02). The company had revenue of $184.
60 million for the quarter, compared to the consensus estimate of $180.79 million. Sweetgreen had a negative net margin of 14.
33% and a negative return on equity of 19.34%. Sweetgreen’s quarterly revenue was up 21.
0% on a year-over-year basis. During the same quarter last year, the business earned ($0.20) earnings per share.
As a group, research analysts predict that Sweetgreen, Inc. will post -0.75 earnings per share for the current fiscal year.
Insider Buying and Selling In other Sweetgreen news, CEO Jonathan Neman sold 17,020 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $35.08, for a total transaction of $597,061.
60. Following the transaction, the chief executive officer now owns 1,930,228 shares in the company, valued at $67,712,398.24.
The sale was disclosed in a filing with the SEC, which is available at the SEC website . In related news, CFO Mitch Reback sold 9,156 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $36.
61, for a total transaction of $335,201.16. Following the completion of the transaction, the chief financial officer now owns 379,181 shares of the company’s stock, valued at approximately $13,881,816.
41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, CEO Jonathan Neman sold 17,020 shares of the firm’s stock in a transaction that occurred on Friday, September 13th.
The shares were sold at an average price of $35.08, for a total value of $597,061.60.
Following the completion of the sale, the chief executive officer now directly owns 1,930,228 shares in the company, valued at approximately $67,712,398.24. The disclosure for this sale can be found here .
In the last ninety days, insiders sold 426,061 shares of company stock worth $15,071,720. 21.52% of the stock is currently owned by insiders.
Sweetgreen Company Profile ( 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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