Segall Bryant & Hamill LLC Takes $6.19 Million Position in Sweetgreen, Inc. (NYSE:SG)

Segall Bryant & Hamill LLC purchased a new position in Sweetgreen, Inc. (NYSE:SG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 174,645 shares of the company’s stock, valued at approximately $6,191,000. Segall Bryant & Hamill LLC owned 0.15% of Sweetgreen as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in SG. Essex Investment Management Co. LLC increased its position in shares of Sweetgreen by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 112,647 shares of the company’s stock valued at $3,993,000 after purchasing an additional 314 shares during the last quarter. Evolutionary Tree Capital Management LLC raised its stake in shares of Sweetgreen by 0.7% during the second quarter. Evolutionary Tree Capital Management LLC now owns 65,756 shares of the company’s stock worth $1,982,000 after acquiring an additional 474 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Sweetgreen by 2.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 27,913 shares of the company’s stock worth $990,000 after acquiring an additional 537 shares in the last quarter. KBC Group NV lifted its stake 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 last quarter. Finally, Hollencrest Capital Management bought a new position in shares of Sweetgreen during the third quarter valued at about $35,000. Institutional investors own 95.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SG shares. Oppenheimer lifted their price target on Sweetgreen from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. UBS Group upped their target price on Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a report on Friday, November 8th. Bank of America lifted their price target on shares of Sweetgreen from $39.00 to $43.00 and gave the company a “buy” rating in a report on Monday, August 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $40.00 target price on shares of Sweetgreen in a research note on Friday, November 8th. Finally, Morgan Stanley boosted their price target on Sweetgreen from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Sweetgreen has an average rating of “Moderate Buy” and a consensus target price of $39.80.

Insider Activity

In other news, CEO Jonathan Neman sold 169,772 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $35.77, for a total value of $6,072,744.44. Following the transaction, the chief executive officer now directly owns 1,930,228 shares in the company, valued at $69,044,255.56. This trade represents a 8.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Wouleta Ayele sold 4,347 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $34.05, for a total value of $148,015.35. Following the sale, the chief technology officer now owns 140,302 shares of the company’s stock, valued at approximately $4,777,283.10. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 503,671 shares of company stock valued at $18,138,774 over the last ninety days. 21.52% of the stock is currently owned by corporate insiders.

Sweetgreen Trading Up 8.2 %

Shares of SG opened at $41.00 on Friday. The company has a market cap of $4.74 billion, a price-to-earnings ratio of -52.56 and a beta of 2.32. The business’s fifty day simple moving average is $36.76 and its two-hundred day simple moving average is $32.24. Sweetgreen, Inc. has a 12 month low of $9.21 and a 12 month high of $42.77.

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.