XTX Topco Ltd Makes New Investment in Sweetgreen, Inc. (NYSE:SG)

XTX Topco Ltd acquired a new position in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,051 shares of the company's stock, valued at approximately $852,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC boosted its stake in shares of Sweetgreen by 156.0% during the fourth quarter. Headlands Technologies LLC now owns 1,216 shares of the company's stock valued at $39,000 after purchasing an additional 741 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Sweetgreen by 45.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the company's stock valued at $50,000 after purchasing an additional 494 shares during the period. Spire Wealth Management boosted its stake in shares of Sweetgreen by 47.1% during the first quarter. Spire Wealth Management now owns 1,983 shares of the company's stock valued at $50,000 after purchasing an additional 635 shares during the period. Thematics Asset Management purchased a new stake in shares of Sweetgreen during the fourth quarter valued at $69,000. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of Sweetgreen during the first quarter valued at $71,000. 95.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sweetgreen

In other Sweetgreen news, CFO Mitch Reback sold 10,088 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $15.23, for a total value of $153,640.24. Following the completion of the transaction, the chief financial officer directly owned 334,421 shares in the company, valued at approximately $5,093,231.83. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Clifford Burrows bought 19,200 shares of Sweetgreen stock in a transaction on Friday, May 23rd. The stock was purchased at an average price of $13.11 per share, with a total value of $251,712.00. Following the completion of the acquisition, the director directly owned 19,200 shares of the company's stock, valued at $251,712. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 21.52% of the company's stock.

Sweetgreen Stock Performance

Shares of Sweetgreen stock opened at $11.93 on Monday. The company has a market capitalization of $1.40 billion, a PE ratio of -15.49 and a beta of 2.04. The company has a 50-day simple moving average of $13.56 and a two-hundred day simple moving average of $19.80. Sweetgreen, Inc. has a one year low of $11.84 and a one year high of $45.12.

Sweetgreen (NYSE:SG - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.21) EPS for the quarter, hitting analysts' consensus estimates of ($0.21). The business had revenue of $166.30 million during the quarter, compared to the consensus estimate of $164.68 million. Sweetgreen had a negative net margin of 13.04% and a negative return on equity of 19.72%. The firm's revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.23) earnings per share. On average, equities analysts predict that Sweetgreen, Inc. will post -0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. TD Cowen reissued a "hold" rating and set a $19.00 target price on shares of Sweetgreen in a research note on Tuesday, July 1st. Wells Fargo & Company reissued an "overweight" rating and set a $19.00 target price on shares of Sweetgreen in a research note on Tuesday, July 1st. The Goldman Sachs Group lowered their target price on shares of Sweetgreen from $23.00 to $15.00 and set a "neutral" rating for the company in a research note on Wednesday, June 4th. Bank of America decreased their price objective on Sweetgreen from $27.00 to $22.00 and set a "buy" rating for the company in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. decreased their price objective on Sweetgreen from $20.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, June 25th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $22.46.

About Sweetgreen

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.

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