Nicolas Jammet Acquires 4,428 Shares of Sweetgreen (NYSE:SG) Stock

Key Points

• Nicolas Jammet purchased 4,428 shares of Sweetgreen on March 5 at an average price of $5.71, boosting his ownership to 22,543 shares (a 24.44% increase) in a transaction disclosed on an SEC Form 4.
• Sweetgreen remains unprofitable — it reported a ($0.42) EPS miss, revenue down 3.5% year-over-year and a negative net margin (19.73%), while the stock trades around $6.01 with a market cap of about $710.8M and a consensus analyst rating of "Hold" (price target $8.22).

Sweetgreen, Inc. (NYSE:SG - Get Free Report) insider Nicolas Jammet bought 4,428 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of $5.71 per share, for a total transaction of $25,283.88. Following the completion of the transaction, the insider directly owned 22,543 shares in the company, valued at approximately $128,720.53. The trade was a 24.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Sweetgreen Price Performance

Shares of SG stock traded up $0.39 during trading hours on Monday, hitting $6.01. The stock had a trading volume of 4,927,288 shares, compared to its average volume of 4,485,516. The stock's 50 day moving average is $6.39 and its 200 day moving average is $7.08. Sweetgreen, Inc. has a twelve month low of $4.99 and a twelve month high of $27.15. The firm has a market capitalization of $710.81 million, a PE ratio of -5.27 and a beta of 1.93.

Sweetgreen (NYSE:SG - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.11). Sweetgreen had a negative net margin of 19.73% and a negative return on equity of 32.26%. The company had revenue of $155.19 million during the quarter, compared to analyst estimates of $159.59 million. During the same quarter last year, the firm earned ($0.25) EPS. The business's revenue was down 3.5% on a year-over-year basis. As a group, equities analysts predict that Sweetgreen, Inc. will post -0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. DA Davidson started coverage on shares of Sweetgreen in a research report on Friday. They issued a "neutral" rating and a $5.50 price target on the stock. Royal Bank Of Canada reduced their price objective on shares of Sweetgreen from $8.00 to $7.00 and set an "outperform" rating on the stock in a research note on Friday, February 27th. Citigroup restated a "buy" rating on shares of Sweetgreen in a research report on Wednesday, November 12th. Oppenheimer lowered their price objective on Sweetgreen from $10.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, February 27th. Finally, The Goldman Sachs Group lifted their price target on Sweetgreen from $5.00 to $5.60 and gave the company a "sell" rating in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Sweetgreen has a consensus rating of "Hold" and a consensus price target of $8.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SG. Marshall Wace LLP lifted its stake in shares of Sweetgreen by 1,428.8% in the third quarter. Marshall Wace LLP now owns 3,923,973 shares of the company's stock worth $31,313,000 after acquiring an additional 3,667,306 shares in the last quarter. Woodson Capital Management LP increased its position in shares of Sweetgreen by 152.6% in the 4th quarter. Woodson Capital Management LP now owns 6,000,000 shares of the company's stock worth $40,560,000 after purchasing an additional 3,625,000 shares during the last quarter. Greenhouse Funds LLLP bought a new position in shares of Sweetgreen during the second quarter worth about $32,122,000. Federated Hermes Inc. raised its stake in Sweetgreen by 366.8% during the fourth quarter. Federated Hermes Inc. now owns 2,647,899 shares of the company's stock valued at $17,900,000 after buying an additional 2,080,628 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Sweetgreen by 240.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,692,838 shares of the company's stock worth $13,509,000 after acquiring an additional 1,196,222 shares in the last quarter. 95.75% of the stock is currently owned by hedge funds and other institutional investors.

About Sweetgreen

Sweetgreen, Inc is a fast-casual restaurant chain specializing in salads, grain bowls and warm bowls that emphasize fresh, locally sourced ingredients. Since its founding in 2007 by Jonathan Neman, Nicolas Jammet and Nathaniel Ru, Sweetgreen has focused on sustainable agriculture, working with regional farmers across the United States to provide seasonal produce and promote environmentally responsible sourcing practices. The company's menu features a variety of plant-forward options, including custom-build salads, chef-curated bowls and limited-time offerings that reflect changing harvests.

Sweetgreen operates a technology-driven service model that combines in-store experiences with digital ordering through its mobile app and website.

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