Healthcare of Ontario Pension Plan Trust Fund Buys New Position in Sweetgreen, Inc. (NYSE:SG)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Sweetgreen, Inc. (NYSE:SG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 164,852 shares of the company’s stock, valued at approximately $4,969,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.14% of Sweetgreen as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of Sweetgreen during the 2nd quarter worth approximately $76,000. Versor Investments LP acquired a new position in shares of Sweetgreen during the 2nd quarter worth approximately $217,000. Perigon Wealth Management LLC acquired a new position in shares of Sweetgreen during the 1st quarter worth approximately $223,000. Thoroughbred Financial Services LLC acquired a new position in shares of Sweetgreen during the 2nd quarter worth approximately $233,000. Finally, Nkcfo LLC acquired a new position in shares of Sweetgreen during the 2nd quarter worth approximately $241,000. Institutional investors and hedge funds own 95.75% of the company’s stock.

Insiders Place Their Bets

In other Sweetgreen news, insider Nathaniel Ru sold 9,250 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $28.74, for a total value of $265,845.00. Following the completion of the transaction, the insider now owns 1,952,129 shares of the company’s stock, valued at $56,104,187.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Nicolas Jammet sold 21,275 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $35.10, for a total value of $746,752.50. Following the completion of the sale, the insider now owns 1,930,233 shares of the company’s stock, valued at approximately $67,751,178.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nathaniel Ru sold 9,250 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $28.74, for a total value of $265,845.00. Following the completion of the sale, the insider now directly owns 1,952,129 shares of the company’s stock, valued at approximately $56,104,187.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,061 shares of company stock valued at $15,071,720 in the last 90 days. Corporate insiders own 21.52% of the company’s stock.

Sweetgreen Stock Up 2.0 %

Shares of SG stock opened at $34.30 on Friday. Sweetgreen, Inc. has a twelve month low of $8.64 and a twelve month high of $38.53. The company has a market cap of $3.92 billion, a P/E ratio of -36.88 and a beta of 2.33. The business has a fifty day simple moving average of $32.47 and a 200 day simple moving average of $28.86.

Sweetgreen (NYSE:SG) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Sweetgreen had a negative return on equity of 19.34% and a negative net margin of 14.33%. The business had revenue of $184.60 million for the quarter, compared to the consensus estimate of $180.79 million. During the same quarter in the prior year, the company earned ($0.20) earnings per share. Sweetgreen’s quarterly revenue was up 21.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Sweetgreen, Inc. will post -0.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Sweetgreen from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. UBS Group boosted their target price on Sweetgreen from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, August 9th. TD Cowen restated a “buy” rating and issued a $43.00 price target on shares of Sweetgreen in a research note on Friday, September 27th. Citigroup boosted their price target on Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, Bank of America boosted their price target on Sweetgreen from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.20.

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.