Aigen Investment Management LP Has $561,000 Holdings in Sweetgreen, Inc. (NYSE:SG)

Aigen Investment Management LP cut its holdings in Sweetgreen, Inc. (NYSE:SG) by 26.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,641 shares of the company’s stock after selling 17,648 shares during the quarter. Aigen Investment Management LP’s holdings in Sweetgreen were worth $561,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC bought a new stake in shares of Sweetgreen in the 4th quarter valued at $104,000. Clear Harbor Asset Management LLC bought a new position in Sweetgreen in the fourth quarter valued at approximately $113,000. Triumph Capital Management acquired a new position in shares of Sweetgreen in the fourth quarter valued at approximately $126,000. Forum Financial Management LP increased its position in shares of Sweetgreen by 12.6% during the third quarter. Forum Financial Management LP now owns 11,262 shares of the company’s stock worth $132,000 after acquiring an additional 1,262 shares in the last quarter. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Sweetgreen during the fourth quarter worth $137,000. 95.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Adrienne Gemperle sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $16.00, for a total transaction of $64,000.00. Following the completion of the sale, the insider now owns 129,407 shares in the company, valued at $2,070,512. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Sweetgreen news, insider Adrienne Gemperle sold 4,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $16.00, for a total value of $64,000.00. Following the completion of the sale, the insider now owns 129,407 shares of the company’s stock, valued at approximately $2,070,512. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bradley E. Singer sold 60,000 shares of Sweetgreen stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $32.30, for a total transaction of $1,938,000.00. Following the completion of the sale, the director now owns 182,567 shares of the company’s stock, valued at $5,896,914.10. The disclosure for this sale can be found here. Insiders sold a total of 377,033 shares of company stock valued at $10,428,402 over the last ninety days. 21.52% of the stock is currently owned by company insiders.

Sweetgreen Price Performance

NYSE:SG opened at $32.12 on Thursday. Sweetgreen, Inc. has a 1-year low of $8.64 and a 1-year high of $34.45. The firm has a fifty day simple moving average of $24.75 and a 200 day simple moving average of $16.14.

Sweetgreen (NYSE:SG) last released its earnings results on Thursday, May 9th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Sweetgreen had a negative net margin of 17.15% and a negative return on equity of 20.74%. The firm had revenue of $157.85 million during the quarter, compared to the consensus estimate of $152.02 million. During the same period in the prior year, the business posted ($0.29) earnings per share. Sweetgreen’s quarterly revenue was up 26.2% compared to the same quarter last year. As a group, equities research analysts predict that Sweetgreen, Inc. will post -0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SG has been the subject of a number of research reports. Royal Bank of Canada increased their target price on Sweetgreen from $20.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. William Blair reissued an “outperform” rating on shares of Sweetgreen in a research report on Wednesday, May 15th. Morgan Stanley raised their price target on shares of Sweetgreen from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Friday, May 10th. Piper Sandler boosted their price objective on shares of Sweetgreen from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Sweetgreen from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.75.

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.