Sweetgreen, Inc. $SG Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its position in Sweetgreen, Inc. (NYSE:SG) by 39.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,529 shares of the company’s stock after selling 11,844 shares during the period. Diversified Trust Co’s holdings in Sweetgreen were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Spire Wealth Management grew its stake in Sweetgreen by 47.1% in the first quarter. Spire Wealth Management now owns 1,983 shares of the company’s stock worth $50,000 after purchasing an additional 635 shares in the last quarter. Forum Financial Management LP boosted its holdings in Sweetgreen by 17.5% in the fourth quarter. Forum Financial Management LP now owns 8,112 shares of the company’s stock worth $260,000 after purchasing an additional 1,209 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Sweetgreen by 4.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,191 shares of the company’s stock worth $936,000 after purchasing an additional 1,278 shares during the period. Cypress Wealth Services LLC boosted its holdings in Sweetgreen by 16.3% in the first quarter. Cypress Wealth Services LLC now owns 9,793 shares of the company’s stock worth $245,000 after purchasing an additional 1,370 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in Sweetgreen by 70.8% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 4,100 shares of the company’s stock worth $103,000 after purchasing an additional 1,700 shares during the period. 95.75% of the stock is currently owned by institutional investors and hedge funds.

Sweetgreen Stock Performance

NYSE SG opened at $8.33 on Thursday. The stock has a fifty day moving average of $10.45 and a 200-day moving average of $15.13. The stock has a market capitalization of $984.10 million, a P/E ratio of -9.91 and a beta of 2.01. Sweetgreen, Inc. has a 52 week low of $8.11 and a 52 week high of $45.12.

Sweetgreen (NYSE:SG) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.08). Sweetgreen had a negative return on equity of 22.21% and a negative net margin of 14.29%.The firm had revenue of $185.58 million during the quarter, compared to analyst estimates of $193.47 million. During the same quarter in the previous year, the business earned ($0.13) earnings per share. Sweetgreen’s revenue for the quarter was up .5% compared to the same quarter last year. Sweetgreen has set its FY 2025 guidance at EPS. Equities research analysts forecast that Sweetgreen, Inc. will post -0.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sweetgreen news, CFO Mitch Reback sold 11,530 shares of Sweetgreen stock in a transaction on Monday, August 18th. The shares were sold at an average price of $9.19, for a total transaction of $105,960.70. Following the completion of the sale, the chief financial officer owned 322,891 shares of the company’s stock, valued at approximately $2,967,368.29. The trade was a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 19.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SG. Barclays decreased their price target on shares of Sweetgreen from $17.00 to $10.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. UBS Group reduced their price target on Sweetgreen from $19.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, August 8th. William Blair reaffirmed an “outperform” rating on shares of Sweetgreen in a research note on Friday, September 5th. Bank of America cut their price objective on Sweetgreen from $27.00 to $22.00 and set a “buy” rating for the company in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. reduced their target price on Sweetgreen from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, June 25th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.69.

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.