Sweetgreen, Inc. (NYSE:SG) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its position in Sweetgreen, Inc. (NYSE:SG - Free Report) by 18.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 514,888 shares of the company's stock after selling 119,549 shares during the quarter. Nuveen Asset Management LLC owned 0.45% of Sweetgreen worth $16,507,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in Sweetgreen by 27.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,693 shares of the company's stock valued at $375,000 after acquiring an additional 2,488 shares in the last quarter. KBC Group NV boosted its position in Sweetgreen by 65.0% during the fourth quarter. KBC Group NV now owns 5,161 shares of the company's stock valued at $165,000 after purchasing an additional 2,034 shares in the last quarter. Deepwater Asset Management LLC bought a new position in Sweetgreen in the fourth quarter worth about $13,695,000. Calamos Advisors LLC lifted its position in shares of Sweetgreen by 16.5% during the fourth quarter. Calamos Advisors LLC now owns 79,815 shares of the company's stock valued at $2,559,000 after buying an additional 11,275 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Sweetgreen in the 4th quarter valued at about $62,000. Hedge funds and other institutional investors own 95.75% of the company's stock.

Sweetgreen Trading Up 3.5%

SG traded up $0.45 during trading on Friday, hitting $13.21. The company's stock had a trading volume of 957,919 shares, compared to its average volume of 3,526,802. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -17.00 and a beta of 2.31. Sweetgreen, Inc. has a twelve month low of $12.37 and a twelve month high of $45.12. The business's fifty day simple moving average is $18.87 and its 200 day simple moving average is $27.13.

Sweetgreen (NYSE:SG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.21) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.21). Sweetgreen had a negative net margin of 13.27% and a negative return on equity of 18.82%. The company had revenue of $166.30 million during the quarter, compared to analysts' expectations of $164.68 million. During the same period in the prior year, the business posted ($0.23) earnings per share. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Sweetgreen, Inc. will post -0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SG. Piper Sandler decreased their target price on shares of Sweetgreen from $27.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Royal Bank of Canada restated an "outperform" rating and set a $45.00 target price on shares of Sweetgreen in a research note on Tuesday, February 25th. TD Securities reiterated a "buy" rating and issued a $25.00 price target on shares of Sweetgreen in a research note on Thursday, May 15th. The Goldman Sachs Group dropped their target price on shares of Sweetgreen from $27.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Finally, Citigroup lowered their price objective 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. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.00.

Insider Buying and Selling

In related news, Director Nathaniel Ru sold 2,123 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.80, for a total transaction of $50,527.40. Following the completion of the sale, the director now owns 1,785,099 shares of the company's stock, valued at approximately $42,485,356.20. This represents a 0.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Clifford Burrows bought 19,200 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $13.11 per share, for a total transaction of $251,712.00. Following the completion of the purchase, the director now directly owns 19,200 shares in the company, valued at approximately $251,712. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 35,014 shares of company stock worth $736,283 in the last 90 days. Insiders own 21.52% of the company's stock.

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.