Adrienne Gemperle Sells 3,364 Shares of Sweetgreen, Inc. (NYSE:SG) Stock

Sweetgreen, Inc. (NYSE:SG) insider Adrienne Gemperle sold 3,364 shares of Sweetgreen stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $10.09, for a total transaction of $33,942.76. Following the completion of the sale, the insider now directly owns 131,148 shares of the company’s stock, valued at approximately $1,323,283.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Adrienne Gemperle also recently made the following trade(s):

• On Wednesday, August 23rd, Adrienne Gemperle sold 5,399 shares of Sweetgreen stock. The stock was sold at an average price of $14.53, for a total transaction of $78,447.47.

Sweetgreen Trading Up 0.6 %

Shares of SG traded up $0.06 during trading hours on Monday, reaching $9.90. 1,762,481 shares of the stock traded hands, compared to its average volume of 1,767,773. Sweetgreen, Inc. has a 52-week low of $6.10 and a 52-week high of $16.58. The company’s 50-day moving average price is $11.03 and its two-hundred day moving average price is $11.97. The company has a market cap of $1.11 billion, a P/E ratio of -8.25 and a beta of 2.05.

Analyst Ratings Changes

SG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Sweetgreen from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, November 8th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 target price on shares of Sweetgreen in a research report on Monday, July 31st. Piper Sandler dropped their price target on shares of Sweetgreen from $19.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $18.00 price target on shares of Sweetgreen in a research note on Friday, September 15th. Finally, Citigroup dropped their price target on shares of Sweetgreen from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Sweetgreen has an average rating of “Hold” and a consensus target price of $14.11.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in Sweetgreen by 22.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 46,371 shares of the company’s stock worth $545,000 after purchasing an additional 8,460 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Sweetgreen by 204.4% in the 3rd quarter. GSA Capital Partners LLP now owns 113,346 shares of the company’s stock worth $1,332,000 after purchasing an additional 76,110 shares in the last quarter. Royal Bank of Canada lifted its stake in Sweetgreen by 23.0% in the 3rd quarter. Royal Bank of Canada now owns 69,938 shares of the company’s stock worth $822,000 after purchasing an additional 13,072 shares in the last quarter. Legal & General Group Plc lifted its stake in Sweetgreen by 8.8% in the 3rd quarter. Legal & General Group Plc now owns 86,020 shares of the company’s stock worth $1,011,000 after purchasing an additional 6,928 shares in the last quarter. Finally, Peconic Partners LLC purchased a new stake in Sweetgreen in the 3rd quarter worth $3,525,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

About Sweetgreen

Sweetgreen, Inc, together with its subsidiaries, develops and operates fast-casual restaurants serving healthy foods prepared from seasonal and organic ingredients. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that can be redeemed in its restaurants.