Cerity Partners LLC Purchases 1,997 Shares of Sweetgreen, Inc. (NYSE:SG)

Cerity Partners LLC raised its holdings in Sweetgreen, Inc. (NYSE:SG) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,258 shares of the company’s stock after buying an additional 1,997 shares during the quarter. Cerity Partners LLC owned 0.05% of Sweetgreen worth $2,030,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hollencrest Capital Management bought a new stake in Sweetgreen during the third quarter worth about $35,000. Quest Partners LLC acquired a new position in shares of Sweetgreen during the 2nd quarter worth about $76,000. KBC Group NV grew its holdings in Sweetgreen by 29.1% during the third quarter. KBC Group NV now owns 3,127 shares of the company’s stock valued at $111,000 after purchasing an additional 704 shares during the period. Atomi Financial Group Inc. bought a new stake in shares of Sweetgreen in the 3rd quarter valued at $216,000. Finally, Versor Investments LP bought a new stake in shares of Sweetgreen in the second quarter worth about $217,000. Institutional investors and hedge funds own 95.75% of the company’s stock.

Wall Street Analysts Forecast Growth

SG has been the topic of a number of recent research reports. TD Cowen reissued a “buy” rating and issued a $45.00 target price on shares of Sweetgreen in a research report on Monday, November 18th. Citigroup lifted their target price on Sweetgreen from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $40.00 price target on shares of Sweetgreen in a research note on Friday, November 8th. Piper Sandler reiterated a “neutral” rating and set a $39.00 price objective (up previously from $33.00) on shares of Sweetgreen in a research report on Monday, August 19th. Finally, Oppenheimer raised their target price on shares of Sweetgreen from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sweetgreen has a consensus rating of “Moderate Buy” and an average price target of $39.80.

Sweetgreen Stock Down 3.4 %

SG stock opened at $40.98 on Monday. Sweetgreen, Inc. has a twelve month low of $9.31 and a twelve month high of $45.12. The firm has a market capitalization of $4.74 billion, a PE ratio of -52.54 and a beta of 2.32. The stock has a 50-day simple moving average of $37.69 and a two-hundred day simple moving average of $32.93.

Insider Buying and Selling at Sweetgreen

In other Sweetgreen news, insider Nathaniel Ru sold 9,250 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $28.74, for a total transaction of $265,845.00. Following the completion of the sale, the insider now owns 1,952,129 shares of the company’s stock, valued at $56,104,187.46. This represents a 0.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jonathan Neman sold 7,400 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $28.81, for a total value of $213,194.00. Following the transaction, the chief executive officer now directly owns 1,930,228 shares in the company, valued at $55,609,868.68. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,892 shares of company stock worth $7,499,763 over the last three months. 21.52% of the stock is owned by insiders.

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.