Vanguard Group Inc. decreased its holdings in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,375,794 shares of the company's stock after selling 169,091 shares during the quarter. Vanguard Group Inc. owned approximately 7.99% of Sweetgreen worth $234,582,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC increased its position in Sweetgreen by 45.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the company's stock worth $50,000 after buying an additional 494 shares during the last quarter. Spire Wealth Management increased its holdings in shares of 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 acquiring an additional 635 shares during the last quarter. Thematics Asset Management acquired a new position in shares of Sweetgreen during the 4th quarter valued at about $69,000. GF Fund Management CO. LTD. bought a new position in shares of Sweetgreen in the 1st quarter valued at approximately $71,000. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in Sweetgreen by 70.8% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 4,100 shares of the company's stock worth $103,000 after purchasing an additional 1,700 shares during the last quarter. Institutional investors own 95.75% of the company's stock.
Insider Activity at Sweetgreen
In related 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 transaction of $105,960.70. Following the sale, the chief financial officer owned 322,891 shares in the company, 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 the SEC website. 19.78% of the stock is currently owned by insiders.
Sweetgreen Stock Up 3.4%
NYSE SG traded up $0.3050 on Friday, hitting $9.2850. The company's stock had a trading volume of 4,062,906 shares, compared to its average volume of 4,878,917. The company's 50-day moving average is $12.64 and its 200 day moving average is $17.88. The firm has a market cap of $1.10 billion, a PE ratio of -11.03 and a beta of 2.04. Sweetgreen, Inc. has a 1-year low of $8.45 and a 1-year high of $45.12.
Sweetgreen (NYSE:SG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.08). The firm had revenue of $185.58 million for the quarter, compared to analyst estimates of $193.47 million. Sweetgreen had a negative net margin of 14.29% and a negative return on equity of 22.21%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.13) EPS. Sweetgreen has set its FY 2025 guidance at EPS. On average, equities analysts expect that Sweetgreen, Inc. will post -0.74 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts have commented on SG shares. Royal Bank Of Canada lowered their price target on Sweetgreen from $25.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. TD Securities reiterated a "hold" rating and issued a $15.00 target price (down from $25.00) on shares of Sweetgreen in a research note on Tuesday, July 1st. Bank of America dropped their target price on shares of Sweetgreen from $27.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, July 18th. Wells Fargo & Company restated an "overweight" rating and set a $19.00 price target on shares of Sweetgreen in a report on Tuesday, July 1st. Finally, Piper Sandler dropped their target price on shares of Sweetgreen from $20.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. 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 has a consensus rating of "Hold" and an average target price of $17.69.
Check Out Our Latest Report on Sweetgreen
Sweetgreen Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Sweetgreen, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sweetgreen wasn't on the list.
While Sweetgreen currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access