Y Intercept Hong Kong Ltd Acquires Shares of 64,683 Sweetgreen, Inc. $SG

Y Intercept Hong Kong Ltd purchased a new position in Sweetgreen, Inc. (NYSE:SG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 64,683 shares of the company’s stock, valued at approximately $962,000. Y Intercept Hong Kong Ltd owned about 0.06% of Sweetgreen at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SG. Glass Jacobson Investment Advisors llc bought a new stake in shares of Sweetgreen during the 2nd quarter valued at about $30,000. Nisa Investment Advisors LLC lifted its holdings in Sweetgreen by 98.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,129 shares of the company’s stock worth $32,000 after purchasing an additional 1,055 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its holdings in shares of Sweetgreen by 70.8% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 4,100 shares of the company’s stock worth $103,000 after acquiring an additional 1,700 shares in the last quarter. LVW Advisors LLC purchased a new stake in shares of Sweetgreen during the 2nd quarter worth approximately $159,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Sweetgreen during the 2nd quarter worth approximately $170,000. 95.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SG has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sweetgreen in a research report on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on Sweetgreen from $19.00 to $13.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. UBS Group decreased their price target on Sweetgreen from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Monday. Morgan Stanley set a $10.00 price objective on Sweetgreen in a research note on Tuesday, October 21st. Finally, Sanford C. Bernstein set a $8.00 target price on Sweetgreen in a report on Wednesday, October 22nd. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.96.

Sweetgreen Trading Up 0.2%

SG stock opened at $6.43 on Wednesday. The business’s fifty day moving average price is $8.03 and its 200 day moving average price is $11.78. Sweetgreen, Inc. has a 12-month low of $6.19 and a 12-month high of $45.12. The company has a market capitalization of $759.50 million, a PE ratio of -7.65 and a beta of 1.94.

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

Insider Buying and Selling

In other Sweetgreen news, CFO Mitch Reback sold 11,530 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was 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 directly owned 322,891 shares of the company’s stock, valued at $2,967,368.29. This represents a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 19.78% of the stock is currently owned by corporate insiders.

Sweetgreen 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.