Sweetgreen, Inc. $SG Stock Holdings Cut by Semanteon Capital Management LP

Semanteon Capital Management LP trimmed its position in shares of Sweetgreen, Inc. (NYSE:SG) by 78.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,027 shares of the company’s stock after selling 55,030 shares during the quarter. Sweetgreen accounts for approximately 13.7% of Semanteon Capital Management LP’s portfolio, making the stock its largest holding. Semanteon Capital Management LP’s holdings in Sweetgreen were worth $102,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Sweetgreen by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,593,744 shares of the company’s stock worth $76,558,000 after acquiring an additional 129,572 shares during the last quarter. Spyglass Capital Management LLC boosted its holdings in shares of Sweetgreen by 4.0% in the 3rd quarter. Spyglass Capital Management LLC now owns 4,056,570 shares of the company’s stock worth $32,371,000 after buying an additional 156,757 shares during the last quarter. Greenhouse Funds LLLP boosted its holdings in shares of Sweetgreen by 82.8% in the 3rd quarter. Greenhouse Funds LLLP now owns 3,946,884 shares of the company’s stock worth $31,496,000 after buying an additional 1,788,175 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Sweetgreen by 1,428.8% in the 3rd quarter. Marshall Wace LLP now owns 3,923,973 shares of the company’s stock worth $31,313,000 after buying an additional 3,667,306 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Sweetgreen by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,453,564 shares of the company’s stock worth $16,589,000 after buying an additional 16,281 shares during the last quarter. 95.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sweetgreen

In other news, major shareholder Goldman Sachs Group Inc acquired 594,553 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were acquired at an average cost of $5.69 per share, for a total transaction of $3,383,006.57. Following the purchase, the insider owned 11,900,255 shares of the company’s stock, valued at approximately $67,712,450.95. The trade was a 5.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicolas Jammet purchased 4,428 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were bought at an average price of $5.71 per share, for a total transaction of $25,283.88. Following the completion of the transaction, the insider owned 22,543 shares of the company’s stock, valued at approximately $128,720.53. This trade represents a 24.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 19.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SG shares. Citizens Jmp started coverage on shares of Sweetgreen in a report on Monday, March 30th. They issued a “mkt underperform” rating and a $4.50 price target on the stock. DA Davidson boosted their price target on shares of Sweetgreen from $5.50 to $7.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Wolfe Research started coverage on shares of Sweetgreen in a report on Monday, March 9th. They issued a “peer perform” rating on the stock. UBS Group boosted their price target on shares of Sweetgreen from $6.50 to $7.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised shares of Sweetgreen from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $8.00 to $13.00 in a report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Sweetgreen currently has an average rating of “Hold” and an average price target of $8.04.

Sweetgreen Stock Performance

Shares of Sweetgreen stock opened at $10.27 on Friday. Sweetgreen, Inc. has a 52-week low of $4.49 and a 52-week high of $16.70. The stock’s 50-day simple moving average is $6.74 and its 200 day simple moving average is $6.52. The stock has a market capitalization of $1.22 billion, a P/E ratio of 85.55 and a beta of 2.03.

Sweetgreen (NYSE:SG) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.04). Sweetgreen had a net margin of 2.49% and a negative return on equity of 33.07%. The firm had revenue of $161.52 million during the quarter, compared to the consensus estimate of $163.95 million. During the same quarter in the prior year, the firm posted ($0.21) earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. Equities research analysts forecast that Sweetgreen, Inc. will post -0.76 EPS for the current fiscal year.

Sweetgreen Company Profile

Sweetgreen, Inc is a fast-casual restaurant chain specializing in salads, grain bowls and warm bowls that emphasize fresh, locally sourced ingredients. Since its founding in 2007 by Jonathan Neman, Nicolas Jammet and Nathaniel Ru, Sweetgreen has focused on sustainable agriculture, working with regional farmers across the United States to provide seasonal produce and promote environmentally responsible sourcing practices. The company’s menu features a variety of plant-forward options, including custom-build salads, chef-curated bowls and limited-time offerings that reflect changing harvests.

Sweetgreen operates a technology-driven service model that combines in-store experiences with digital ordering through its mobile app and website.