Sweetgreen, Inc. (NYSE:SG) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Sweetgreen, Inc. (NYSE:SG) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 849,512 shares of the company’s stock after purchasing an additional 19,263 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.73% of Sweetgreen worth $27,235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its position in shares of Sweetgreen by 3,571.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,028 shares of the company’s stock worth $33,000 after acquiring an additional 1,000 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Sweetgreen by 135.7% in the 4th quarter. US Bancorp DE now owns 6,886 shares of the company’s stock valued at $221,000 after purchasing an additional 3,965 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new stake in shares of Sweetgreen during the 4th quarter valued at $77,000. Proficio Capital Partners LLC acquired a new stake in shares of Sweetgreen during the 4th quarter worth $630,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Sweetgreen by 11.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 25,696 shares of the company’s stock worth $824,000 after buying an additional 2,737 shares during the period. Hedge funds and other institutional investors own 95.75% of the company’s stock.

Wall Street Analysts Forecast Growth

SG has been the subject of a number of research reports. UBS Group lowered their price target on Sweetgreen from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. TD Securities decreased their target price on Sweetgreen from $45.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Citigroup cut their price target on shares of Sweetgreen from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group decreased their price objective on shares of Sweetgreen from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Finally, KeyCorp initiated coverage on shares of Sweetgreen in a research note on Wednesday, December 11th. They issued a “sector weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.27.

Insider Transactions at Sweetgreen

In other Sweetgreen news, CFO Mitch Reback sold 10,926 shares of Sweetgreen stock in a transaction on Tuesday, February 18th. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 21.52% of the company’s stock.

Sweetgreen Trading Up 1.5 %

Sweetgreen stock opened at $24.16 on Tuesday. The stock has a market cap of $2.83 billion, a P/E ratio of -30.97 and a beta of 2.44. The stock has a 50 day moving average of $27.94 and a 200-day moving average of $33.22. Sweetgreen, Inc. has a 52 week low of $18.77 and a 52 week high of $45.12.

Sweetgreen 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.