1,867 Shares in Sweetgreen, Inc. (NYSE:SG) Acquired by Denver PWM LLC

Denver PWM LLC purchased a new position in Sweetgreen, Inc. (NYSE:SG) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,867 shares of the company’s stock, valued at approximately $60,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hollencrest Capital Management acquired a new stake in Sweetgreen during the 3rd quarter valued at $35,000. Wilmington Savings Fund Society FSB acquired a new stake in Sweetgreen during the 4th quarter valued at $62,000. KBC Group NV grew its holdings in Sweetgreen by 29.1% during the 3rd quarter. KBC Group NV now owns 3,127 shares of the company’s stock valued at $111,000 after buying an additional 704 shares during the last quarter. Sachetta LLC grew its holdings in Sweetgreen by 37.6% during the 4th quarter. Sachetta LLC now owns 4,324 shares of the company’s stock valued at $139,000 after buying an additional 1,182 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in Sweetgreen by 68.4% during 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.

Insiders Place Their Bets

In other Sweetgreen news, CEO Jonathan Neman sold 14,745 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $45.00, for a total transaction of $663,525.00. Following the transaction, the chief executive officer now owns 1,930,228 shares in the company, valued at $86,860,260. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mitch Reback sold 10,926 shares of Sweetgreen stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.43, for a total value of $288,774.18. Following the sale, the chief financial officer now directly owns 344,055 shares in the company, valued at approximately $9,093,373.65. The trade was a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 550,577 shares of company stock worth $21,183,936 over the last quarter. 21.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SG has been the topic of a number of recent analyst reports. TD Cowen reissued a “buy” rating and set a $45.00 price target on shares of Sweetgreen in a research note on Monday, November 18th. Oppenheimer reduced their price target on Sweetgreen from $45.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley reduced their price target 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. The Goldman Sachs Group reissued a “neutral” rating and set a $40.00 price target on shares of Sweetgreen in a research note on Friday, November 8th. Finally, UBS Group increased their price target on Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.60.

Sweetgreen Price Performance

Shares of SG opened at $21.87 on Friday. The stock’s 50-day moving average is $31.19 and its two-hundred day moving average is $34.37. The stock has a market cap of $2.53 billion, a PE ratio of -28.03 and a beta of 2.37. Sweetgreen, Inc. has a 12 month low of $11.16 and a 12 month high of $45.12.

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.