Sweetgreen, Inc. (NYSE:SG) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. reduced its stake in Sweetgreen, Inc. (NYSE:SG) by 16.7% in the fourth quarter, HoldingsChannel reports. The fund owned 210,000 shares of the company’s stock after selling 42,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Sweetgreen were worth $2,373,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Handelsbanken Fonder AB acquired a new stake in shares of Sweetgreen in the 4th quarter worth approximately $137,000. Graham Capital Wealth Management LLC acquired a new stake in shares of Sweetgreen in the 4th quarter worth approximately $139,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Sweetgreen in the 4th quarter worth approximately $323,000. Clear Harbor Asset Management LLC acquired a new stake in Sweetgreen during the fourth quarter valued at approximately $113,000. Finally, SG Americas Securities LLC lifted its stake in Sweetgreen by 131.0% during the fourth quarter. SG Americas Securities LLC now owns 47,402 shares of the company’s stock valued at $536,000 after purchasing an additional 26,883 shares during the last quarter. 95.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sweetgreen

In other Sweetgreen news, insider Adrienne Gemperle sold 4,286 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $12.32, for a total value of $52,803.52. Following the transaction, the insider now owns 139,693 shares in the company, valued at approximately $1,721,017.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Jonathan Neman sold 5,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $10.47, for a total transaction of $52,350.00. Following the transaction, the chief executive officer now owns 2,100,000 shares in the company, valued at approximately $21,987,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adrienne Gemperle sold 4,286 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $12.32, for a total transaction of $52,803.52. Following the transaction, the insider now owns 139,693 shares in the company, valued at approximately $1,721,017.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 145,555 shares of company stock worth $2,266,739. 22.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on SG shares. TD Cowen reissued a “hold” rating and set a $17.00 target price on shares of Sweetgreen in a research note on Wednesday, April 10th. JPMorgan Chase & Co. increased their target price on shares of Sweetgreen from $20.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Citigroup increased their target price on shares of Sweetgreen from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Royal Bank of Canada increased their target price on shares of Sweetgreen from $13.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Finally, Oppenheimer upped their price target on shares of Sweetgreen from $17.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Sweetgreen Stock Down 0.9 %

Shares of NYSE:SG traded down $0.19 during mid-day trading on Friday, hitting $20.65. The stock had a trading volume of 1,408,553 shares, compared to its average volume of 1,763,733. Sweetgreen, Inc. has a 12-month low of $7.25 and a 12-month high of $26.45. The company’s 50 day moving average is $19.39 and its 200-day moving average is $13.67.

Sweetgreen (NYSE:SG) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.01). The company had revenue of $153.00 million during the quarter, compared to analyst estimates of $152.04 million. Sweetgreen had a negative net margin of 19.41% and a negative return on equity of 21.58%. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.44) EPS. As a group, research analysts expect that Sweetgreen, Inc. will post -0.71 earnings per share for the current year.

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.