146,351 Shares in Sweetgreen, Inc. $SG Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management has invested approximately $3.66 million in Sweetgreen, acquiring 146,351 shares, representing about 0.12% ownership of the company.
• Sweetgreen reported a loss of ($0.20) earnings per share for the last quarter, missing analysts' expectations, with revenues reaching $185.58 million.
• The stock has a current market cap of $1.07 billion and has seen significant price target reductions by several analysts, with a consensus rating of "Hold" and an average price target of $17.69.

Landscape Capital Management L.L.C. bought a new stake in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 146,351 shares of the company's stock, valued at approximately $3,662,000. Landscape Capital Management L.L.C. owned approximately 0.12% of Sweetgreen as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in Sweetgreen by 45.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the company's stock valued at $50,000 after buying an additional 494 shares in the last quarter. Spire Wealth Management increased its position in Sweetgreen by 47.1% during the 1st quarter. Spire Wealth Management now owns 1,983 shares of the company's stock valued at $50,000 after buying an additional 635 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in Sweetgreen during the 1st quarter valued at approximately $71,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in Sweetgreen by 70.8% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 4,100 shares of the company's stock valued at $103,000 after buying an additional 1,700 shares in the last quarter. Finally, Fund 1 Investments LLC bought a new position in Sweetgreen during the 4th quarter valued at approximately $140,000. 95.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SG. Morgan Stanley reduced their price objective on shares of Sweetgreen from $22.00 to $17.00 and set an "equal weight" rating for the company in a research note on Monday, July 14th. Barclays decreased their target price on shares of Sweetgreen from $17.00 to $10.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. TD Cowen decreased their price objective on shares of Sweetgreen from $15.00 to $10.00 and set a "hold" rating for the company in a report on Friday, August 8th. Oppenheimer lowered their price objective on Sweetgreen from $35.00 to $29.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, Bank of America cut their target price on Sweetgreen from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, July 18th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Sweetgreen currently has an average rating of "Hold" and an average price target of $17.69.

Insider Activity at Sweetgreen

In related news, CFO Mitch Reback sold 11,530 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $9.19, for a total transaction of $105,960.70. Following the completion of the sale, the chief financial officer directly owned 322,891 shares in the company, valued at approximately $2,967,368.29. The trade was a 3.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 19.78% of the stock is owned by insiders.

Sweetgreen Trading Down 1.8%

NYSE:SG traded down $0.17 during trading hours on Friday, reaching $9.09. The company had a trading volume of 4,386,674 shares, compared to its average volume of 7,227,332. Sweetgreen, Inc. has a 52 week low of $8.45 and a 52 week high of $45.12. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -10.83 and a beta of 2.04. The firm's 50 day moving average price is $12.26 and its 200-day moving average price is $16.95.

Sweetgreen (NYSE:SG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $185.58 million during the quarter, compared to the consensus estimate of $193.47 million. During the same period last year, the firm posted ($0.13) EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. Sweetgreen has set its FY 2025 guidance at EPS. On average, analysts forecast that Sweetgreen, Inc. will post -0.74 earnings per share for the current fiscal year.

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.