1 week Ago By Defense World Staff
Sweetgreen, Inc. ( NYSE:SG – Get Free Report )’s stock price dropped 5.7% during trading on Friday .
The stock traded as low as $20.83 and last traded at $20.69.
Approximately 160,984 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 3,232,976 shares. The stock had previously closed at $21.93.
Analyst Upgrades and Downgrades Several research firms have weighed in on SG. UBS Group lowered their price objective on shares of Sweetgreen from $45.00 to $35.
00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. TD Securities dropped their price target on Sweetgreen from $45.00 to $33.
00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $45.00 target price on shares of Sweetgreen in a research note on Tuesday, February 25th.
Oppenheimer reduced their price target on shares of Sweetgreen from $41.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th.
Finally, The Goldman Sachs Group lowered their price objective on shares of Sweetgreen from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th.
Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.27.
View Our Latest Analysis on Sweetgreen Sweetgreen Price Performance Insider Transactions at Sweetgreen In related news, COO Rossann Williams sold 4,977 shares of Sweetgreen stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.80, for a total value of $118,452.
60. Following the transaction, the chief operating officer now owns 95,516 shares in the company, valued at $2,273,280.80.
This trade represents a 4.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link .
Also, CEO Jonathan Neman sold 5,717 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.80, for a total transaction of $136,064.
60. Following the transaction, the chief executive officer now directly owns 1,810,263 shares of the company’s stock, valued at approximately $43,084,259.40.
This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here .
In the last quarter, insiders sold 39,852 shares of company stock worth $1,052,177. 21.52% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows Several institutional investors have recently added to or reduced their stakes in SG. Steward Partners Investment Advisory LLC raised its position in shares of Sweetgreen by 3,571.4% during the fourth quarter.
Steward Partners Investment Advisory LLC now owns 1,028 shares of the company’s stock valued at $33,000 after buying an additional 1,000 shares during the last quarter. Headlands Technologies LLC raised its holdings in Sweetgreen by 156.0% in the 4th quarter.
Headlands Technologies LLC now owns 1,216 shares of the company’s stock valued at $39,000 after acquiring an additional 741 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Sweetgreen by 45.7% in the 4th quarter.
Tower Research Capital LLC TRC now owns 1,574 shares of the company’s stock worth $50,000 after acquiring an additional 494 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of Sweetgreen during the 4th quarter worth approximately $53,000. Finally, Denver PWM LLC bought a new stake in shares of Sweetgreen during the fourth quarter valued at approximately $60,000.
95.75% of the stock is owned by institutional investors. About Sweetgreen ( Get 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. Featured Articles Five stocks we like better than Sweetgreen What Are the FAANG Stocks and Are They Good Investments? Robinhood Strategies Could Be a Game-Changer for Young Investors Which Wall Street Analysts are the Most Accurate? Are These 3 Retail Stocks Oversold or Really in Trouble? How to Invest in the Best Canadian Stocks IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead Receive News & Ratings for Sweetgreen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sweetgreen and related companies with MarketBeat.
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