Segall Bryant & Hamill LLC Invests $6.19 Million in Sweetgreen, Inc. (NYSE:SG)

Segall Bryant & Hamill LLC purchased a new stake in shares of Sweetgreen, Inc. (NYSE:SG) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 174,645 shares of the company’s stock, valued at approximately $6,191,000.

A number of other hedge funds have also recently modified their holdings of the business. Essex Investment Management Co. LLC increased its stake in Sweetgreen by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 112,647 shares of the company’s stock worth $3,993,000 after buying an additional 314 shares during the period. Evolutionary Tree Capital Management LLC boosted its position in Sweetgreen by 0.7% during the 2nd quarter. Evolutionary Tree Capital Management LLC now owns 65,756 shares of the company’s stock valued at $1,982,000 after acquiring an additional 474 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Sweetgreen by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 27,913 shares of the company’s stock valued at $990,000 after purchasing an additional 537 shares during the last quarter. KBC Group NV grew its position in shares of Sweetgreen by 29.1% in the 3rd quarter. KBC Group NV now owns 3,127 shares of the company’s stock worth $111,000 after buying an additional 704 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new position in Sweetgreen in the third quarter worth $35,000. Institutional investors own 95.75% of the company’s stock.

Insider Activity at Sweetgreen

In other Sweetgreen news, CEO Jonathan Neman sold 1,010 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $40.01, for a total value of $40,410.10. Following the sale, the chief executive officer now owns 1,930,228 shares of the company’s stock, valued at $77,228,422.28. The trade was a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nicolas Jammet sold 169,767 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $35.77, for a total value of $6,072,565.59. Following the transaction, the insider now owns 1,930,233 shares of the company’s stock, valued at approximately $69,044,434.41. This represents a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 503,671 shares of company stock worth $18,138,774. Company insiders own 21.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $40.00 price objective on shares of Sweetgreen in a report on Friday, November 8th. Bank of America boosted their price target on Sweetgreen from $39.00 to $43.00 and gave the company a “buy” rating in a report on Monday, August 19th. UBS Group increased their target price on shares of Sweetgreen from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Citigroup lifted their price target on shares of Sweetgreen from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Finally, TD Cowen reiterated a “buy” rating and set a $45.00 price objective on shares of Sweetgreen in a research note on Monday. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.80.

Sweetgreen Stock Performance

SG opened at $41.00 on Friday. Sweetgreen, Inc. has a one year low of $9.21 and a one year high of $42.77. The business’s 50 day moving average price is $36.76 and its 200 day moving average price is $32.24. The stock has a market capitalization of $4.74 billion, a PE ratio of -52.56 and a beta of 2.32.

Sweetgreen Company 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.