Hood River Capital Management LLC Has $80.84 Million Stock Holdings in Sweetgreen, Inc. (NYSE:SG)

Hood River Capital Management LLC reduced its stake in shares of Sweetgreen, Inc. (NYSE:SG - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,521,396 shares of the company's stock after selling 208,361 shares during the quarter. Sweetgreen accounts for 1.2% of Hood River Capital Management LLC's holdings, making the stock its 27th biggest holding. Hood River Capital Management LLC owned approximately 2.18% of Sweetgreen worth $80,836,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SG. Cox Capital Mgt LLC lifted its stake in Sweetgreen by 76.0% during the fourth quarter. Cox Capital Mgt LLC now owns 53,898 shares of the company's stock worth $1,728,000 after purchasing an additional 23,278 shares during the last quarter. Moody National Bank Trust Division bought a new stake in shares of Sweetgreen during the 4th quarter worth $1,182,000. Diversified Trust Co boosted its stake in Sweetgreen by 223.2% in the fourth quarter. Diversified Trust Co now owns 27,126 shares of the company's stock valued at $870,000 after buying an additional 18,733 shares in the last quarter. Franklin Resources Inc. grew its position in Sweetgreen by 1,399.0% in the third quarter. Franklin Resources Inc. now owns 111,074 shares of the company's stock valued at $4,365,000 after acquiring an additional 103,664 shares during the last quarter. Finally, LPL Financial LLC grew its position in Sweetgreen by 400.1% in the fourth quarter. LPL Financial LLC now owns 59,592 shares of the company's stock valued at $1,911,000 after acquiring an additional 47,676 shares during the last quarter. Institutional investors own 95.75% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SG shares. Oppenheimer reduced their price target on shares of Sweetgreen from $41.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Citigroup cut their target price on shares of Sweetgreen from $43.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. TD Securities reduced their price objective on Sweetgreen from $45.00 to $33.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group dropped their target price on Sweetgreen from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Finally, Morgan Stanley set a $24.00 price target on Sweetgreen in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sweetgreen presently has an average rating of "Moderate Buy" and a consensus target price of $35.91.

Insider Buying and Selling at Sweetgreen

In other news, CEO Jonathan Neman sold 5,717 shares of Sweetgreen stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.80, for a total value of $136,064.60. Following the completion of the sale, the chief executive officer now owns 1,810,263 shares in the company, valued at $43,084,259.40. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mitch Reback sold 10,926 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.43, for a total transaction of $288,774.18. Following the completion of the sale, the chief financial officer now owns 344,055 shares of the company's stock, valued at $9,093,373.65. The trade was a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,852 shares of company stock valued at $871,417. 21.52% of the stock is currently owned by insiders.

Sweetgreen Price Performance

Shares of SG traded down $0.18 during trading hours on Monday, hitting $19.07. 1,343,647 shares of the stock were exchanged, compared to its average volume of 3,341,039. Sweetgreen, Inc. has a fifty-two week low of $16.29 and a fifty-two week high of $45.12. The business has a 50-day moving average of $22.51 and a 200-day moving average of $30.68. The firm has a market capitalization of $2.24 billion, a P/E ratio of -24.44 and a beta of 2.28.

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.