8,245 Shares in Sweetgreen, Inc. (NYSE:SG) Acquired by Brighton Jones LLC

Brighton Jones LLC acquired a new stake in Sweetgreen, Inc. (NYSE:SG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,245 shares of the company’s stock, valued at approximately $292,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC acquired a new position in Sweetgreen during the second quarter worth $76,000. Atomi Financial Group Inc. bought a new stake in shares of Sweetgreen during the third quarter worth about $216,000. Versor Investments LP acquired a new stake in shares of Sweetgreen in the 2nd quarter worth about $217,000. Precision Wealth Strategies LLC bought a new position in Sweetgreen in the 3rd quarter valued at about $227,000. Finally, LVW Advisors LLC acquired a new position in Sweetgreen during the 3rd quarter valued at about $229,000. Institutional investors own 95.75% of the company’s stock.

Insider Buying and Selling

In other Sweetgreen news, CTO Wouleta Ayele sold 2,831 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $36.31, for a total transaction of $102,793.61. Following the sale, the chief technology officer now directly owns 144,649 shares of the company’s stock, valued at $5,252,205.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Sweetgreen news, CTO Wouleta Ayele sold 2,831 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $36.31, for a total transaction of $102,793.61. Following the sale, the chief technology officer now owns 144,649 shares in the company, valued at $5,252,205.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jonathan Neman sold 169,772 shares of Sweetgreen stock in a transaction on Monday, August 26th. The shares were sold at an average price of $35.77, for a total value of $6,072,744.44. Following the completion of the transaction, the chief executive officer now owns 1,930,228 shares of the company’s stock, valued at approximately $69,044,255.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 426,061 shares of company stock valued at $15,071,720. 21.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SG has been the subject of several analyst reports. Morgan Stanley raised their target price on Sweetgreen from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Bank of America raised their price objective on Sweetgreen from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Oppenheimer lifted their price objective on shares of Sweetgreen from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, August 15th. UBS Group increased their target price on shares of Sweetgreen from $31.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, TD Cowen restated a “buy” rating and set a $43.00 price target on shares of Sweetgreen in a report on Friday, September 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Sweetgreen presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.20.

Sweetgreen Stock Up 2.3 %

Sweetgreen stock opened at $37.48 on Friday. The company has a market capitalization of $4.28 billion, a P/E ratio of -45.71 and a beta of 2.33. The firm has a 50 day moving average price of $34.59 and a 200-day moving average price of $30.19. Sweetgreen, Inc. has a twelve month low of $8.64 and a twelve month high of $39.75.

Sweetgreen (NYSE:SG) last released its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Sweetgreen had a negative return on equity of 19.34% and a negative net margin of 14.33%. The firm had revenue of $184.60 million during the quarter, compared to analysts’ expectations of $180.79 million. During the same period in the prior year, the business earned ($0.20) earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. Equities analysts expect that Sweetgreen, Inc. will post -0.75 EPS for the current fiscal year.

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.