Northern Trust Corp Acquires 65,451 Shares of Sweetgreen, Inc. (NYSE:SG)

Northern Trust Corp boosted its holdings in Sweetgreen, Inc. (NYSE:SG - Free Report) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 941,959 shares of the company's stock after buying an additional 65,451 shares during the period. Northern Trust Corp owned approximately 0.81% of Sweetgreen worth $30,199,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Tudor Investment Corp ET AL raised its holdings in Sweetgreen by 108.9% in the fourth quarter. Tudor Investment Corp ET AL now owns 81,489 shares of the company's stock worth $2,613,000 after purchasing an additional 42,480 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Sweetgreen in the fourth quarter worth $1,250,000. Oberweis Asset Management Inc. raised its holdings in Sweetgreen by 0.6% in the fourth 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 during the period. Voya Investment Management LLC grew its position in Sweetgreen by 848.5% in the fourth quarter. Voya Investment Management LLC now owns 748,581 shares of the company's stock valued at $24,000,000 after purchasing an additional 669,657 shares in the last quarter. Finally, Symmetry Investments LP grew its position in Sweetgreen by 55.0% in the fourth quarter. Symmetry Investments LP now owns 20,300 shares of the company's stock valued at $651,000 after purchasing an additional 7,200 shares in the last quarter. 95.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sweetgreen

In other news, CFO Mitch Reback sold 10,926 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.43, for a total value of $288,774.18. Following the completion of the transaction, the chief financial officer now owns 344,055 shares in the company, valued at $9,093,373.65. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nathaniel Ru sold 2,123 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.80, for a total value of $50,527.40. Following the completion of the transaction, the director now owns 1,785,099 shares of the company's stock, valued at $42,485,356.20. This represents a 0.12% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,852 shares of company stock worth $871,417. 21.52% of the stock is currently owned by insiders.

Sweetgreen Stock Up 0.4%

Shares of Sweetgreen stock traded up $0.06 during trading on Friday, hitting $15.29. 1,623,264 shares of the stock traded hands, compared to its average volume of 3,431,909. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -19.59 and a beta of 2.31. Sweetgreen, Inc. has a 52 week low of $14.61 and a 52 week high of $45.12. The firm's fifty day moving average is $21.09 and its 200-day moving average is $28.89.

Sweetgreen (NYSE:SG - Get Free Report) last announced 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 company had revenue of $166.30 million for the quarter, compared to analysts' expectations of $164.68 million. Sweetgreen had a negative return on equity of 18.82% and a negative net margin of 13.27%. Sweetgreen's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.23) EPS. On average, analysts forecast that Sweetgreen, Inc. will post -0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SG. Oppenheimer decreased their price objective on shares of Sweetgreen from $35.00 to $29.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. TD Securities reissued a "buy" rating and issued a $25.00 price objective on shares of Sweetgreen in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of Sweetgreen from $25.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday. Morgan Stanley decreased their price objective on shares of Sweetgreen from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Finally, UBS Group reduced their target price on shares of Sweetgreen from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $31.00.

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.