Sweetgreen, Inc. $SG Shares Purchased by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC increased its holdings in shares of Sweetgreen, Inc. (NYSE:SG) by 5.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,830 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Summit Place Financial Advisors LLC’s holdings in Sweetgreen were worth $727,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Blair William & Co. IL increased its position in Sweetgreen by 891.1% during the 2nd quarter. Blair William & Co. IL now owns 1,157,405 shares of the company’s stock worth $17,222,000 after purchasing an additional 1,040,629 shares in the last quarter. WoodTrust Financial Corp acquired a new stake in Sweetgreen during the 2nd quarter worth approximately $1,075,000. Kingswood Wealth Advisors LLC acquired a new stake in Sweetgreen during the 2nd quarter worth approximately $170,000. Pinnacle Investment Management Ltd acquired a new stake in Sweetgreen in the second quarter valued at approximately $298,000. Finally, LVW Advisors LLC acquired a new stake in Sweetgreen in the second quarter valued at approximately $159,000. Institutional investors and hedge funds own 95.75% of the company’s stock.

Insider Transactions at Sweetgreen

In related news, CFO Mitch Reback sold 11,530 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer directly owned 322,891 shares in the company, valued at $2,967,368.29. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 19.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $19.00 price objective on shares of Sweetgreen in a research report on Tuesday, July 1st. William Blair reaffirmed an “outperform” rating on shares of Sweetgreen in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sweetgreen in a research report on Wednesday. Royal Bank Of Canada lowered their price objective on shares of Sweetgreen from $25.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, Morgan Stanley lowered their price objective on shares of Sweetgreen from $22.00 to $17.00 and set an “equal weight” rating for the company in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.73.

Sweetgreen Trading Down 4.9%

SG stock opened at $7.55 on Friday. Sweetgreen, Inc. has a twelve month low of $7.52 and a twelve month high of $45.12. The company has a market capitalization of $891.89 million, a P/E ratio of -8.98 and a beta of 1.97. The firm has a 50 day simple moving average of $9.00 and a 200-day simple moving average of $13.76.

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

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.