US Bancorp DE Has $221,000 Stake in Sweetgreen, Inc. (NYSE:SG)

US Bancorp DE grew its stake in Sweetgreen, Inc. (NYSE:SG) by 135.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,886 shares of the company’s stock after purchasing an additional 3,965 shares during the period. US Bancorp DE’s holdings in Sweetgreen were worth $221,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Denver PWM LLC acquired a new stake in shares of Sweetgreen during the 4th quarter valued at about $60,000. Wilmington Savings Fund Society FSB acquired a new position in Sweetgreen in the fourth quarter valued at about $62,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new position in Sweetgreen in the fourth quarter valued at about $77,000. KBC Group NV boosted its position in Sweetgreen by 29.1% in the third quarter. KBC Group NV now owns 3,127 shares of the company’s stock valued at $111,000 after buying an additional 704 shares in the last quarter. Finally, Quest Partners LLC boosted its position in Sweetgreen by 68.4% in the third quarter. Quest Partners LLC now owns 4,256 shares of the company’s stock valued at $151,000 after buying an additional 1,728 shares in the last quarter. 95.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on SG. Citigroup reduced their price target on shares of Sweetgreen from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Oppenheimer dropped their target price on shares of Sweetgreen from $41.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Sweetgreen in a research note on Tuesday, February 25th. The Goldman Sachs Group dropped their target price 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, UBS Group dropped their target price on shares of Sweetgreen from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.27.

Insider Buying and Selling at Sweetgreen

In other news, CFO Mitch Reback sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $33.13, for a total value of $265,040.00. Following the completion of the transaction, the chief financial officer now owns 350,981 shares in the company, valued at $11,628,000.53. This represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.52% of the company’s stock.

Sweetgreen Stock Performance

Shares of NYSE:SG opened at $23.83 on Friday. Sweetgreen, Inc. has a 52 week low of $18.77 and a 52 week high of $45.12. The company has a market capitalization of $2.79 billion, a PE ratio of -30.55 and a beta of 2.44. The company has a 50 day moving average price of $28.16 and a two-hundred day moving average price of $33.27.

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.