Champlain Investment Partners LLC Makes New Investment in Sweetgreen, Inc. $SG

Key Points

• Champlain Investment Partners LLC acquired approximately $31.56 million in Sweetgreen shares, totaling 1,261,292 shares or about 1.08% ownership.
• Sweetgreen's stock is currently valued at $9.06, down 0.9%, with a market cap of $1.07 billion and significant fluctuations in its stock price over the past year.
• The company reported a quarterly loss with an earnings per share of ($0.20), missing analysts' estimates and reflecting a negative net margin of 14.29%.

Champlain Investment Partners LLC acquired a new stake in Sweetgreen, Inc. (NYSE:SG - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,261,292 shares of the company's stock, valued at approximately $31,558,000. Champlain Investment Partners LLC owned approximately 1.08% of Sweetgreen at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SG. Wellington Management Group LLP grew its holdings in Sweetgreen by 30.0% in the 1st quarter. Wellington Management Group LLP now owns 5,762,598 shares of the company's stock valued at $144,180,000 after buying an additional 1,330,094 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Sweetgreen by 53.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,514,316 shares of the company's stock valued at $62,908,000 after buying an additional 874,942 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in Sweetgreen by 189.9% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,134,398 shares of the company's stock valued at $36,369,000 after buying an additional 743,157 shares in the last quarter. RPG Investment Advisory LLC bought a new stake in shares of Sweetgreen during the 1st quarter valued at $18,502,000. Finally, Granahan Investment Management LLC lifted its position in shares of Sweetgreen by 184.8% during the 4th quarter. Granahan Investment Management LLC now owns 1,022,397 shares of the company's stock valued at $32,778,000 after acquiring an additional 663,347 shares during the period. 95.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sweetgreen

In other Sweetgreen news, CFO Mitch Reback sold 11,530 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $9.19, for a total value of $105,960.70. Following the completion of the transaction, the chief financial officer owned 322,891 shares of the company's stock, valued at $2,967,368.29. This represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.78% of the stock is currently owned by corporate insiders.

Sweetgreen Price Performance

Shares of SG stock traded down $0.17 on Friday, hitting $9.09. 4,386,674 shares of the company's stock were exchanged, compared to its average volume of 7,227,332. Sweetgreen, Inc. has a 12 month low of $8.45 and a 12 month high of $45.12. The stock has a market cap of $1.08 billion, a P/E ratio of -10.83 and a beta of 2.04. The company has a 50 day moving average of $12.26 and a 200 day moving average of $16.95.

Sweetgreen (NYSE:SG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.20) earnings per share 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 business had revenue of $185.58 million for the quarter, compared to the consensus estimate of $193.47 million. During the same quarter in the prior year, the company earned ($0.13) earnings per share. Sweetgreen's quarterly revenue was up .5% compared to the same quarter last year. Sweetgreen has set its FY 2025 guidance at EPS. Sell-side analysts predict that Sweetgreen, Inc. will post -0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SG has been the subject of a number of recent analyst reports. TD Cowen cut their target price on Sweetgreen from $15.00 to $10.00 and set a "hold" rating for the company in a research report on Friday, August 8th. Barclays cut their target price on Sweetgreen from $17.00 to $10.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Morgan Stanley cut their target price on Sweetgreen from $22.00 to $17.00 and set an "equal weight" rating for the company in a research report on Monday, July 14th. TD Securities reiterated a "hold" rating and set a $15.00 target price (down from $25.00) on shares of Sweetgreen in a research report on Tuesday, July 1st. Finally, Royal Bank Of Canada cut their target price on Sweetgreen from $25.00 to $13.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.69.

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.