Sweetgreen, Inc. (NYSE:SG) Given Average Rating of “Moderate Buy” by Analysts

Shares of Sweetgreen, Inc. (NYSE:SG) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $39.80.

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $40.00 price target on shares of Sweetgreen in a report on Friday, November 8th. Oppenheimer upped their price target on Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America increased their price target on Sweetgreen from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, August 19th. Morgan Stanley boosted their price objective on Sweetgreen from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Finally, Piper Sandler reiterated a “neutral” rating and set a $39.00 target price (up previously from $33.00) on shares of Sweetgreen in a research report on Monday, August 19th.

Insider Transactions at Sweetgreen

In related news, Director Bradley E. Singer sold 7,270 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $39.70, for a total transaction of $288,619.00. Following the completion of the transaction, the director now owns 181,782 shares in the company, valued at $7,216,745.40. This represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nathaniel Ru sold 9,250 shares of Sweetgreen stock in a transaction on Monday, September 9th. The shares were sold at an average price of $28.74, for a total transaction of $265,845.00. Following the completion of the sale, the insider now owns 1,952,129 shares in the company, valued at approximately $56,104,187.46. This trade represents a 0.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 441,715 shares of company stock worth $15,856,543. Insiders own 21.52% of the company’s stock.

Institutional Trading of Sweetgreen

Several large investors have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in shares of Sweetgreen in the 3rd quarter worth about $35,000. Quest Partners LLC purchased a new stake in Sweetgreen in the second quarter worth about $76,000. KBC Group NV grew its holdings in Sweetgreen by 29.1% in the third quarter. KBC Group NV now owns 3,127 shares of the company’s stock worth $111,000 after purchasing an additional 704 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Sweetgreen during the third quarter valued at approximately $155,000. Finally, Canton Hathaway LLC purchased a new position in shares of Sweetgreen during the third quarter valued at approximately $177,000. 95.75% of the stock is owned by institutional investors.

Sweetgreen Stock Up 0.9 %

Shares of NYSE SG opened at $33.82 on Tuesday. The stock’s 50 day moving average price is $36.35 and its 200-day moving average price is $32.02. The company has a market capitalization of $3.86 billion, a PE ratio of -43.36 and a beta of 2.32. Sweetgreen has a twelve month low of $9.21 and a twelve month high of $42.77.

Sweetgreen Company Profile

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.