Sweetgreen (NYSE:SG) Insider Purchases $99,813.65 in Stock

Sweetgreen, Inc. (NYSE:SG) insider Nicolas Jammet bought 18,115 shares of the stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average price of $5.51 per share, for a total transaction of $99,813.65. Following the purchase, the insider owned 18,115 shares of the company’s stock, valued at $99,813.65. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sweetgreen Price Performance

SG traded up $0.14 during trading on Wednesday, hitting $5.37. The stock had a trading volume of 9,064,718 shares, compared to its average volume of 5,180,404. The firm has a market cap of $634.20 million, a price-to-earnings ratio of -5.53 and a beta of 1.94. The company has a 50 day moving average price of $7.70 and a 200-day moving average price of $11.35. Sweetgreen, Inc. has a one year low of $5.14 and a one year high of $45.12.

Sweetgreen (NYSE:SG) last announced its earnings results on Thursday, November 6th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.13). Sweetgreen had a negative net margin of 16.55% and a negative return on equity of 25.67%. The business had revenue of $172.39 million during the quarter, compared to the consensus estimate of $179.29 million. During the same period in the previous year, the firm posted ($0.18) EPS. The company’s revenue was down .6% compared to the same quarter last year. Sweetgreen has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Sweetgreen, Inc. will post -0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SG has been the subject of several recent research reports. Royal Bank Of Canada cut their price target on Sweetgreen from $13.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. UBS Group cut their target price on Sweetgreen from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. TD Cowen decreased their price target on Sweetgreen from $15.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, August 8th. Piper Sandler cut their price objective on shares of Sweetgreen from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Finally, Zacks Research lowered shares of Sweetgreen from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.82.

Hedge Funds Weigh In On Sweetgreen

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC bought a new stake in shares of Sweetgreen during the third quarter worth $182,000. Segall Bryant & Hamill LLC increased its holdings in Sweetgreen by 2.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 272,900 shares of the company’s stock worth $2,178,000 after purchasing an additional 6,532 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Sweetgreen during the third quarter valued at about $3,177,000. Fox Run Management L.L.C. bought a new stake in shares of Sweetgreen during the third quarter worth about $172,000. Finally, AXQ Capital LP increased its stake in shares of Sweetgreen by 84.0% in the third quarter. AXQ Capital LP now owns 45,410 shares of the company’s stock valued at $362,000 after buying an additional 20,731 shares during the period. Institutional investors own 95.75% of the company’s stock.

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.