Diversified Trust Co Purchases 18,733 Shares of Sweetgreen, Inc. (NYSE:SG)

Diversified Trust Co lifted its position in shares of Sweetgreen, Inc. (NYSE:SG) by 223.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 27,126 shares of the company’s stock after buying an additional 18,733 shares during the quarter. Diversified Trust Co’s holdings in Sweetgreen were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SG. Essex Investment Management Co. LLC increased its stake in Sweetgreen by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 112,647 shares of the company’s stock worth $3,993,000 after acquiring an additional 314 shares during the period. Evolutionary Tree Capital Management LLC increased its stake in Sweetgreen by 0.7% during the 2nd quarter. Evolutionary Tree Capital Management LLC now owns 65,756 shares of the company’s stock worth $1,982,000 after acquiring an additional 474 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Sweetgreen by 2.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,913 shares of the company’s stock worth $990,000 after acquiring an additional 537 shares during the period. KBC Group NV increased its stake in 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 during the period. Finally, Pier Capital LLC increased its stake in shares of Sweetgreen by 0.3% in the 3rd quarter. Pier Capital LLC now owns 293,333 shares of the company’s stock valued at $10,399,000 after purchasing an additional 761 shares during the last quarter. Institutional investors own 95.75% of the company’s stock.

Insiders Place Their Bets

In other news, insider Adrienne Gemperle sold 5,372 shares of Sweetgreen stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.05, for a total value of $182,916.60. Following the completion of the transaction, the insider now directly owns 107,313 shares of the company’s stock, valued at approximately $3,654,007.65. This trade represents a 4.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mitch Reback sold 9,507 shares of Sweetgreen stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.05, for a total value of $323,713.35. Following the completion of the transaction, the chief financial officer now directly owns 360,177 shares of the company’s stock, valued at approximately $12,264,026.85. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 640,838 shares of company stock valued at $24,800,733. 21.52% of the stock is currently owned by company insiders.

Sweetgreen Trading Up 0.8 %

Shares of SG opened at $32.18 on Friday. The company has a market capitalization of $3.72 billion, a PE ratio of -41.26 and a beta of 2.38. Sweetgreen, Inc. has a 12 month low of $9.66 and a 12 month high of $45.12. The stock’s 50-day moving average price is $36.87 and its two-hundred day moving average price is $33.59.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SG. Oppenheimer decreased their price target on Sweetgreen from $45.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday. KeyCorp began coverage on Sweetgreen in a research note on Wednesday, December 11th. They issued a “sector weight” rating on the stock. 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. TD Cowen reiterated a “buy” rating and issued a $45.00 price target on shares of Sweetgreen in a research note on Monday, November 18th. Finally, UBS Group lifted their price target on Sweetgreen from $37.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Sweetgreen currently has an average rating of “Moderate Buy” and an average target price of $39.40.

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.