Dimensional Fund Advisors LP Sells 16,120 Shares of Sweetgreen, Inc. (NYSE:SG)

Dimensional Fund Advisors LP cut its stake in Sweetgreen, Inc. (NYSE:SG - Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,650,598 shares of the company's stock after selling 16,120 shares during the period. Dimensional Fund Advisors LP owned 1.43% of Sweetgreen worth $52,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SG. Cox Capital Mgt LLC lifted its stake in shares of Sweetgreen by 76.0% in the 4th quarter. Cox Capital Mgt LLC now owns 53,898 shares of the company's stock valued at $1,728,000 after purchasing an additional 23,278 shares during the period. Moody National Bank Trust Division bought a new position in shares of Sweetgreen in the 4th quarter worth about $1,182,000. Diversified Trust Co lifted its position in Sweetgreen by 223.2% during the 4th quarter. Diversified Trust Co now owns 27,126 shares of the company's stock valued at $870,000 after acquiring an additional 18,733 shares during the period. Franklin Resources Inc. boosted its stake in Sweetgreen by 1,399.0% during the third quarter. Franklin Resources Inc. now owns 111,074 shares of the company's stock worth $4,365,000 after acquiring an additional 103,664 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of Sweetgreen by 400.1% during the fourth quarter. LPL Financial LLC now owns 59,592 shares of the company's stock valued at $1,911,000 after purchasing an additional 47,676 shares in the last quarter. 95.75% of the stock is currently owned by hedge funds and other institutional investors.

Sweetgreen Trading Down 6.2 %

SG stock traded down $1.30 during trading on Monday, reaching $19.54. The stock had a trading volume of 4,319,366 shares, compared to its average volume of 3,369,335. The firm has a market cap of $2.29 billion, a PE ratio of -25.05 and a beta of 2.31. The stock's 50 day moving average is $22.13 and its two-hundred day moving average is $29.94. Sweetgreen, Inc. has a 52 week low of $16.29 and a 52 week high of $45.12.

Insider Transactions at Sweetgreen

In other news, CEO Jonathan Neman sold 5,717 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.80, for a total value of $136,064.60. Following the transaction, the chief executive officer now owns 1,810,263 shares of the company's stock, valued at $43,084,259.40. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nathaniel Ru sold 2,123 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.80, for a total transaction of $50,527.40. Following the completion of the transaction, the director now owns 1,785,099 shares of the company's stock, valued at approximately $42,485,356.20. The trade was a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,852 shares of company stock worth $871,417 in the last quarter. Company insiders own 21.52% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SG shares. The Goldman Sachs Group cut their price target on Sweetgreen from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. TD Securities reduced their price target on Sweetgreen from $45.00 to $33.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Citigroup dropped their price target on shares of Sweetgreen from $43.00 to $39.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. UBS Group reduced their price objective on shares of Sweetgreen from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $45.00 target price on shares of Sweetgreen in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $35.45.

Sweetgreen Company 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.