Sweetgreen, Inc. (NYSE:SG) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in shares of Sweetgreen, Inc. (NYSE:SG) by 91.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,380 shares of the company’s stock after purchasing an additional 14,545 shares during the period. Natixis Advisors LLC’s holdings in Sweetgreen were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on SG shares. Piper Sandler reiterated a “neutral” rating and issued a $39.00 price target (up previously from $33.00) on shares of Sweetgreen in a research report on Monday, August 19th. TD Cowen reiterated a “buy” rating and issued a $45.00 target price on shares of Sweetgreen in a report on Monday, November 18th. Oppenheimer lifted their target price on shares of Sweetgreen from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Citigroup upped their price target on shares of Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Finally, UBS Group boosted their target price on shares of Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.80.

Insider Transactions at Sweetgreen

In other news, Director Bradley E. Singer sold 42,730 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $38.09, for a total transaction of $1,627,585.70. Following the transaction, the director now owns 139,052 shares in the company, valued at $5,296,490.68. This represents a 23.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicolas Jammet sold 21,275 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $35.10, for a total transaction of $746,752.50. Following the transaction, the insider now owns 1,930,233 shares in the company, valued at $67,751,178.30. This represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,132 shares of company stock valued at $5,993,464. 21.52% of the stock is owned by insiders.

Sweetgreen Stock Down 1.6 %

SG stock opened at $43.27 on Wednesday. The company has a 50 day moving average of $37.13 and a two-hundred day moving average of $32.65. The company has a market cap of $5.01 billion, a price-to-earnings ratio of -55.47 and a beta of 2.32. Sweetgreen, Inc. has a 12-month low of $9.21 and a 12-month high of $45.12.

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.