Adrienne Gemperle Sells 3,889 Shares of Sweetgreen, Inc. (NYSE:SG) Stock

Sweetgreen, Inc. (NYSE:SGGet Free Report) insider Adrienne Gemperle sold 3,889 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $31.35, for a total value of $121,920.15. Following the transaction, the insider now directly owns 125,518 shares of the company’s stock, valued at approximately $3,934,989.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Adrienne Gemperle also recently made the following trade(s):

  • On Friday, March 1st, Adrienne Gemperle sold 4,000 shares of Sweetgreen stock. The stock was sold at an average price of $16.00, for a total value of $64,000.00.
  • On Thursday, February 22nd, Adrienne Gemperle sold 12,442 shares of Sweetgreen stock. The shares were sold at an average price of $11.33, for a total transaction of $140,967.86.

Sweetgreen Trading Down 5.7 %

Shares of NYSE SG opened at $31.91 on Wednesday. The stock has a fifty day moving average price of $24.54 and a 200 day moving average price of $16.03. Sweetgreen, Inc. has a 12-month low of $8.64 and a 12-month high of $34.45. The company has a market cap of $3.62 billion, a P/E ratio of -34.31 and a beta of 2.22.

Sweetgreen (NYSE:SGGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). The company had revenue of $157.85 million during the quarter, compared to analyst estimates of $152.02 million. Sweetgreen had a negative net margin of 17.15% and a negative return on equity of 20.74%. Sweetgreen’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.29) EPS. On average, sell-side analysts forecast that Sweetgreen, Inc. will post -0.73 EPS for the current fiscal year.

Institutional Trading of Sweetgreen

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Sweetgreen by 2.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 41,398 shares of the company’s stock worth $468,000 after buying an additional 830 shares in the last quarter. Forum Financial Management LP increased its position in shares of Sweetgreen by 12.6% during the third quarter. Forum Financial Management LP now owns 11,262 shares of the company’s stock worth $132,000 after acquiring an additional 1,262 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Sweetgreen by 11.7% in the first quarter. Principal Financial Group Inc. now owns 12,762 shares of the company’s stock worth $322,000 after acquiring an additional 1,337 shares in the last quarter. Swiss National Bank boosted its holdings in Sweetgreen by 0.9% in the first quarter. Swiss National Bank now owns 176,600 shares of the company’s stock valued at $4,461,000 after purchasing an additional 1,500 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in Sweetgreen by 9.9% during the 1st quarter. ProShare Advisors LLC now owns 17,584 shares of the company’s stock valued at $444,000 after purchasing an additional 1,585 shares in the last quarter. Hedge funds and other institutional investors own 95.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Morgan Stanley boosted their price objective on shares of Sweetgreen from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Friday, May 10th. Citigroup boosted their price target on Sweetgreen from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Piper Sandler raised their price objective on Sweetgreen from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Oppenheimer upped their target price on Sweetgreen from $17.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, TD Cowen raised their target price on shares of Sweetgreen from $22.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Sweetgreen currently has a consensus rating of “Moderate Buy” and an average price target of $25.75.

Read Our Latest Analysis on Sweetgreen

Sweetgreen Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Sweetgreen (NYSE:SG)

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