Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in Sweetgreen, Inc. (NYSE:SG)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Sweetgreen, Inc. (NYSE:SG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 171,308 shares of the company's stock, valued at approximately $5,492,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.15% of Sweetgreen at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its stake in shares of Sweetgreen by 3,571.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,028 shares of the company's stock valued at $33,000 after buying an additional 1,000 shares during the last quarter. Headlands Technologies LLC raised its position in shares of Sweetgreen by 156.0% during the 4th quarter. Headlands Technologies LLC now owns 1,216 shares of the company's stock valued at $39,000 after buying an additional 741 shares during the period. Tower Research Capital LLC TRC raised its position in Sweetgreen by 45.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the company's stock valued at $50,000 after purchasing an additional 494 shares during the period. Millstone Evans Group LLC purchased a new stake in Sweetgreen in the fourth quarter valued at approximately $53,000. Finally, Denver PWM LLC purchased a new stake in shares of Sweetgreen during the fourth quarter worth $60,000. Institutional investors and hedge funds own 95.75% of the company's stock.

Sweetgreen Stock Up 5.5%

Shares of SG stock traded up $0.70 during mid-day trading on Friday, reaching $13.46. The company's stock had a trading volume of 4,961,827 shares, compared to its average volume of 3,552,573. The company's 50 day simple moving average is $18.63 and its 200-day simple moving average is $26.90. Sweetgreen, Inc. has a 12-month low of $12.37 and a 12-month high of $45.12. The firm has a market capitalization of $1.58 billion, a PE ratio of -17.26 and a beta of 2.31.

Sweetgreen (NYSE:SG - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.21) EPS for the quarter, meeting analysts' consensus estimates of ($0.21). The business had revenue of $166.30 million for the quarter, compared to the consensus estimate of $164.68 million. Sweetgreen had a negative net margin of 13.27% and a negative return on equity of 18.82%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.23) EPS. As a group, research analysts anticipate that Sweetgreen, Inc. will post -0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on SG shares. Citigroup lowered their target price on shares of Sweetgreen from $43.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their target price on shares of Sweetgreen from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, May 12th. Oppenheimer cut their price target on shares of Sweetgreen from $35.00 to $29.00 and set an "outperform" rating for the company in a report on Friday, May 9th. The Goldman Sachs Group dropped their target price on shares of Sweetgreen from $27.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Finally, Piper Sandler lowered their price target on shares of Sweetgreen from $27.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.00.

Insiders Place Their Bets

In related news, CFO Mitch Reback sold 8,109 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.84, for a total value of $193,318.56. Following the sale, the chief financial officer now directly owns 350,023 shares in the company, valued at $8,344,548.32. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Rossann Williams sold 4,977 shares of Sweetgreen stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.80, for a total value of $118,452.60. Following the transaction, the chief operating officer now owns 95,516 shares in the company, valued at approximately $2,273,280.80. This trade represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,014 shares of company stock valued at $736,283 in the last quarter. Insiders own 21.52% of the company's stock.

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.