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

Gotham Asset Management LLC reduced its stake in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) by 79.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,845 shares of the company's stock after selling 49,239 shares during the period. Gotham Asset Management LLC's holdings in Sweetgreen were worth $412,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of Sweetgreen by 27.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,693 shares of the company's stock worth $375,000 after buying an additional 2,488 shares in the last quarter. Sachetta LLC boosted its position in shares of Sweetgreen by 37.6% in the 4th quarter. Sachetta LLC now owns 4,324 shares of the company's stock worth $139,000 after buying an additional 1,182 shares in the last quarter. KBC Group NV boosted its position in shares of Sweetgreen by 65.0% in the 4th quarter. KBC Group NV now owns 5,161 shares of the company's stock worth $165,000 after buying an additional 2,034 shares in the last quarter. Deepwater Asset Management LLC purchased a new stake in shares of Sweetgreen in the 4th quarter worth about $13,695,000. Finally, Calamos Advisors LLC boosted its position in shares of Sweetgreen by 16.5% in the 4th quarter. Calamos Advisors LLC now owns 79,815 shares of the company's stock worth $2,559,000 after buying an additional 11,275 shares in the last quarter. 95.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on SG shares. The Goldman Sachs Group decreased their price objective 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. JPMorgan Chase & Co. reduced their target price on shares of Sweetgreen from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Citigroup reduced their target price on shares of Sweetgreen from $43.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Morgan Stanley reduced their target price on shares of Sweetgreen from $24.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Finally, Piper Sandler reduced their target price on shares of Sweetgreen from $27.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

Insider Activity

In related news, Director Nathaniel Ru sold 2,123 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mitch Reback sold 10,088 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $15.23, for a total transaction of $153,640.24. Following the sale, the chief financial officer now directly owns 334,421 shares of the company's stock, valued at approximately $5,093,231.83. This trade represents a 2.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,014 shares of company stock valued at $736,283 in the last 90 days. 21.52% of the stock is currently owned by insiders.

Sweetgreen Trading Down 3.4%

Shares of NYSE SG traded down $0.45 on Friday, reaching $12.81. 3,277,739 shares of the company traded hands, compared to its average volume of 3,518,108. Sweetgreen, Inc. has a fifty-two week low of $12.37 and a fifty-two week high of $45.12. The company has a 50 day moving average of $19.83 and a 200 day moving average of $27.70. The stock has a market capitalization of $1.50 billion, a PE ratio of -16.42 and a beta of 2.31.

Sweetgreen (NYSE:SG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.21) EPS for the quarter, meeting 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 the consensus estimate of $164.68 million. During the same quarter in the prior year, the company posted ($0.23) EPS. The company's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, research analysts expect that Sweetgreen, Inc. will post -0.74 earnings per share for the current 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.