UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Sweetgreen, Inc. (NYSE:SG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Sweetgreen, Inc. (NYSE:SG - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,552 shares of the company's stock after buying an additional 35,276 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Sweetgreen worth $7,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Summit Investment Advisors Inc. increased its stake in Sweetgreen by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,479 shares of the company's stock valued at $336,000 after acquiring an additional 473 shares during the last quarter. Tower Research Capital LLC TRC grew 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 acquiring an additional 494 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Sweetgreen by 1.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 50,164 shares of the company's stock valued at $1,608,000 after purchasing an additional 600 shares in the last quarter. Oberweis Asset Management Inc. increased its position in Sweetgreen by 0.6% during the 4th quarter. Oberweis Asset Management Inc. now owns 96,201 shares of the company's stock worth $3,084,000 after purchasing an additional 610 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Sweetgreen by 2.1% in the fourth quarter. Arizona State Retirement System now owns 29,535 shares of the company's stock valued at $947,000 after buying an additional 613 shares in the last quarter. 95.75% of the stock is currently owned by institutional investors.

Insider Activity

In other Sweetgreen news, Director Nathaniel Ru sold 2,123 shares of Sweetgreen 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 transaction, the director now directly owns 1,785,099 shares of the company's stock, valued at approximately $42,485,356.20. This trade represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Clifford Burrows bought 19,200 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $13.11 per share, for a total transaction of $251,712.00. Following the transaction, the director now owns 19,200 shares in the company, valued at $251,712. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 35,014 shares of company stock worth $736,283. 21.52% of the stock is owned by company insiders.

Sweetgreen Price Performance

Shares of SG traded up $0.66 during trading hours on Tuesday, hitting $14.12. The company's stock had a trading volume of 6,209,293 shares, compared to its average volume of 3,563,048. The business has a 50 day simple moving average of $18.37 and a two-hundred day simple moving average of $26.71. Sweetgreen, Inc. has a 52-week low of $12.37 and a 52-week high of $45.12. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -18.10 and a beta of 2.31.

Sweetgreen (NYSE:SG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.21) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.21). The business had revenue of $166.30 million during the quarter, compared to analyst estimates of $164.68 million. Sweetgreen had a negative net margin of 13.27% and a negative return on equity of 18.82%. Sweetgreen's revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.23) EPS. Research analysts predict that Sweetgreen, Inc. will post -0.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group lowered their target price on Sweetgreen from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, May 5th. Citigroup decreased their target price on Sweetgreen from $43.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada reiterated an "outperform" rating and issued a $45.00 price objective on shares of Sweetgreen in a research note on Tuesday, February 25th. The Goldman Sachs Group cut their target price on shares of Sweetgreen from $27.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, TD Securities reaffirmed a "buy" rating and issued a $25.00 price target on shares of Sweetgreen in a research note on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Sweetgreen presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

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.