Virtu Financial LLC Purchases New Holdings in Sweetgreen, Inc. $SG

Virtu Financial LLC purchased a new stake in Sweetgreen, Inc. (NYSE:SG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 99,643 shares of the company’s stock, valued at approximately $674,000. Virtu Financial LLC owned approximately 0.08% of Sweetgreen as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP boosted its holdings in shares of Sweetgreen by 1,428.8% in the 3rd quarter. Marshall Wace LLP now owns 3,923,973 shares of the company’s stock valued at $31,313,000 after buying an additional 3,667,306 shares during the last quarter. Woodson Capital Management LP increased its holdings in Sweetgreen by 152.6% during the fourth quarter. Woodson Capital Management LP now owns 6,000,000 shares of the company’s stock worth $40,560,000 after buying an additional 3,625,000 shares during the last quarter. Federated Hermes Inc. increased its holdings in Sweetgreen by 366.8% during the fourth quarter. Federated Hermes Inc. now owns 2,647,899 shares of the company’s stock worth $17,900,000 after buying an additional 2,080,628 shares during the last quarter. Greenhouse Funds LLLP raised its position in Sweetgreen by 82.8% during the third quarter. Greenhouse Funds LLLP now owns 3,946,884 shares of the company’s stock worth $31,496,000 after acquiring an additional 1,788,175 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Sweetgreen by 240.9% during the third quarter. BNP Paribas Financial Markets now owns 1,692,838 shares of the company’s stock worth $13,509,000 after acquiring an additional 1,196,222 shares in the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Goldman Sachs Group Inc acquired 594,553 shares of the stock in a transaction on Tuesday, April 7th. The shares were purchased at an average price of $5.69 per share, for a total transaction of $3,383,006.57. Following the transaction, the insider directly owned 11,900,255 shares of the company’s stock, valued at approximately $67,712,450.95. This represents a 5.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 18.19% of the stock is currently owned by corporate insiders.

Sweetgreen Stock Down 7.2%

Shares of SG stock opened at $8.32 on Tuesday. Sweetgreen, Inc. has a 12-month low of $4.49 and a 12-month high of $16.70. The company has a market capitalization of $989.14 million, a PE ratio of 69.37 and a beta of 2.15. The firm has a 50 day moving average price of $7.84 and a two-hundred day moving average price of $6.81.

Sweetgreen (NYSE:SG) last posted its earnings results on Friday, May 8th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.04). The firm had revenue of $161.52 million during the quarter, compared to analyst estimates of $163.94 million. Sweetgreen had a net margin of 2.49% and a negative return on equity of 33.07%. Sweetgreen’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.21) EPS. As a group, research analysts expect that Sweetgreen, Inc. will post -0.76 EPS for the current year.

Analysts Set New Price Targets

SG has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of Sweetgreen from $6.50 to $7.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. BNP Paribas Exane upped their target price on shares of Sweetgreen from $4.50 to $5.00 and gave the company an “underperform” rating in a report on Friday, May 8th. Citizens Jmp began coverage on Sweetgreen in a report on Monday, March 30th. They set a “mkt underperform” rating and a $4.50 price target for the company. Royal Bank Of Canada lowered their price target on Sweetgreen from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Finally, Piper Sandler cut their price objective on Sweetgreen from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.04.

Sweetgreen Company Profile

Sweetgreen, Inc is a fast-casual restaurant chain specializing in salads, grain bowls and warm bowls that emphasize fresh, locally sourced ingredients. Since its founding in 2007 by Jonathan Neman, Nicolas Jammet and Nathaniel Ru, Sweetgreen has focused on sustainable agriculture, working with regional farmers across the United States to provide seasonal produce and promote environmentally responsible sourcing practices. The company’s menu features a variety of plant-forward options, including custom-build salads, chef-curated bowls and limited-time offerings that reflect changing harvests.

Sweetgreen operates a technology-driven service model that combines in-store experiences with digital ordering through its mobile app and website.