Julie Bornstein Sells 4,464 Shares of Sweetgreen, Inc. (NYSE:SG) Stock

Sweetgreen, Inc. (NYSE:SG) Director Julie Bornstein sold 4,464 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $42.11, for a total value of $187,979.04. Following the completion of the sale, the director now owns 32,637 shares of the company’s stock, valued at approximately $1,374,344.07. This trade represents a 12.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sweetgreen Stock Performance

NYSE:SG opened at $42.43 on Friday. The stock’s 50-day moving average is $37.49 and its 200-day moving average is $32.80. Sweetgreen, Inc. has a 1-year low of $9.31 and a 1-year high of $45.12.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in Sweetgreen in the third quarter worth approximately $35,000. Quest Partners LLC acquired a new stake in Sweetgreen in the second quarter worth $76,000. KBC Group NV increased its stake in Sweetgreen by 29.1% in the third quarter. KBC Group NV now owns 3,127 shares of the company’s stock valued at $111,000 after purchasing an additional 704 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Sweetgreen in the 3rd quarter valued at about $155,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Sweetgreen in the 3rd quarter valued at about $177,000. Institutional investors own 95.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SG. TD Cowen reiterated a “buy” rating and set a $45.00 target price on shares of Sweetgreen in a research report on Monday, November 18th. The Goldman Sachs Group reissued a “neutral” rating and issued a $40.00 target price on shares of Sweetgreen in a report on Friday, November 8th. Morgan Stanley boosted their target price on shares of Sweetgreen from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Citigroup increased their price target on shares of Sweetgreen from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, Oppenheimer boosted their price objective on shares of Sweetgreen from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.80.

About Sweetgreen

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.