Sweetgreen, Inc. (NYSE:SG – Get Free Report) CFO Mitch Reback sold 5,525 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $10.09, for a total transaction of $55,747.25. Following the completion of the sale, the chief financial officer now owns 442,681 shares of the company’s stock, valued at approximately $4,466,651.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Mitch Reback also recently made the following trade(s):
- On Friday, August 25th, Mitch Reback sold 14,324 shares of Sweetgreen stock. The stock was sold at an average price of $13.90, for a total transaction of $199,103.60.
Sweetgreen Price Performance
NYSE:SG traded up $0.06 during midday trading on Monday, reaching $9.90. The stock had a trading volume of 1,762,481 shares, compared to its average volume of 1,767,773. Sweetgreen, Inc. has a 1-year low of $6.10 and a 1-year high of $16.58. The firm’s fifty day simple moving average is $11.03 and its 200-day simple moving average is $11.97. The stock has a market capitalization of $1.11 billion, a P/E ratio of -8.20 and a beta of 2.05.
Wall Street Analysts Forecast Growth
Institutional Trading of Sweetgreen
Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its holdings in Sweetgreen by 394.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,241 shares of the company’s stock valued at $26,000 after purchasing an additional 2,586 shares during the period. Bourgeon Capital Management LLC bought a new stake in Sweetgreen in the 3rd quarter valued at $29,000. Paragon Advisors LLC bought a new stake in Sweetgreen in the 1st quarter valued at $30,000. Clear Street Markets LLC bought a new stake in Sweetgreen in the 4th quarter valued at $33,000. Finally, Asset Dedication LLC bought a new position in shares of Sweetgreen during the 2nd quarter worth about $58,000. 79.21% of the stock is owned by institutional investors.
Sweetgreen, Inc, together with its subsidiaries, develops and operates fast-casual restaurants serving healthy foods prepared from seasonal and organic ingredients. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that can be redeemed in its restaurants.
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