11,418 shares of Sweetgreen, Inc. (NYSE:SG) purchased by ProShare Advisors LLC

Financial Advisors


ProShare Advisors LLC purchased a new position in the stock of Sweetgreen, Inc. (NYSE: SG – Get Rating) in the fourth quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The company purchased 11,418 shares of the company stock worth approximately $98,000.

Other institutional investors have increased or decreased their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired new shares in Sweetgreen worth approximately $63,000 in the fourth quarter. Summit Place Financial Advisors LLC raised his stake in Sweetgreen by 29.6% in the fourth quarter. Summit Place Financial Advisors LLC now owns 21,985 shares of the company worth $188,000 after he purchased an additional 5,025 shares during this period. Versor Investments LP purchased a new position in Sweetgreen worth approximately $194,000 in the fourth quarter. Boston Financial Management LLC purchased a new position in Sweetgreen worth approximately $228,000 in the fourth quarter. Finally, Triumph Capital Management purchased a new position in Sweetgreen worth approximately $290,000 in the fourth quarter. 84.30% of the shares are owned by institutional investors and hedge funds.

insider trading

In related news, SVP Daniel Shlossman sold 4,408 shares of the company in a transaction that took place on Thursday, February 16th. The shares sold for an average of $9.83 for a total of $43,330.64. Following the closing of the transaction, the Senior Vice President now owns his 235,411 shares in the company, valued at approximately $2,314,090.13. The transaction was disclosed in filings with the Securities and Exchange Commission, which can be accessed on the SEC’s website. In other Sweetgreen news, his CFO, Mitch Reback, sold his 5,110 shares of Sweetgreen stock on Thursday, February 16. The shares sold for an average of $9.83, with a total transaction value of $50,231.30. Following the closing of the sale, the Chief Financial Officer now owns 562,588 shares of the Company’s stock valued at approximately $5,530,240.04. The transaction was disclosed in documents filed with the Securities and Exchange Commission, available at this hyperlink. SVP Daniel Shlossman also sold 4,408 shares of Sweetgreen stock in trading on Thursday, February 16th. The shares sold at an average price of $9.83, and the total transaction value he had was $43,330.64. After the sale, the Senior Vice President now owns 235,411 shares of the company directly, valued at approximately $2,314,090.13. Please see here for the disclosure of this sale. The insider said last quarter he sold 221,064 shares of company stock worth $1,707,186. The insider owns his 27.54% of the company’s shares.

Wall Street Analyst Predicts Growth

Many brokerages have commented on SG. Morgan Stanley downgraded Sweetgreen’s stock from an “overweight” rating to an “equal weight” rating and lowered its price target from her $21.00 to her $11.00 in a research note on Tuesday, Jan. 17. Bank of America lowered its price target on Sweetgreen stock to $9.00 from $11.00 in its research notes on Tuesday, May 2nd. Cowen lowered his price target on Sweetgreen stock to $10.00 from his $12.00 in a research note on Friday, Feb. 24, setting a “market performance” rating for the company. Citigroup lowered its price target on Sweetgreen shares from $10.00 to $9.00 in its research notes on Monday, April 24. Finally, JPMorgan Chase & Co. lowered its price target on Sweetgreen stock from $18.00 to $13.00 and set the company’s rating to Overweight in its research notes on Wednesday, January 18. Four analysts rated the stock with a hold rating and one analyst issued a buy rating for the company. According to MarketBeat, the company’s current average valuation is “Hold” with a consensus target price of $10.67.

Sweetgreen stock up 12.7%

NYSE:SG opened at $8.94 on Monday. His 50-day moving average price for the company is $7.58. Sweetgreen, Inc. has a one-year low of $6.10 and a one-year high of $26.26. The company has a market capitalization of $995.92 million, a PE ratio of -5.84 and a beta of 1.61.

Sweetgreen (NYSE:SG – Get Rating) last posted its quarterly earnings data on Thursday, Feb. 23. The company reported his earnings per share for the quarter ($0.44), missing consensus expectations ($0.40) ($0.04). Sweetgreen’s return on equity was 27.40% and net profit margin was 34.58%. The company posted revenue of $118.57 million for the quarter, compared to consensus expectations of $124.73 million. In the same quarter last year, the company earned him $1.14 EPS. Business revenue for the quarter increased 23.0% year-on-year. Analysts expect Sweetgreen, Inc. to average earnings per share of -1.04 for the current fiscal year.

About Sweet Green

(get rating)

Sweetgreen, Inc. and its subsidiaries develop and operate fast-casual restaurants serving healthy, seasonal, organic cuisine. The company also accepts orders through its online and mobile ordering platforms and sells gift cards that can be redeemed at restaurants.

Related item

Sweetgreen (NYSE:SG) Quarterly Institutional Ownership

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