Gilder Gagnon Howe & Co. LLC Has $37.65 Million Holdings in Sweetgreen, Inc. (NYSE:SG)

Gilder Gagnon Howe & Co. LLC lowered its stake in shares of Sweetgreen, Inc. (NYSE:SG) by 0.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,174,351 shares of the company’s stock after selling 1,592 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 1.02% of Sweetgreen worth $37,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC grew its holdings in Sweetgreen by 3,571.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,028 shares of the company’s stock worth $33,000 after buying an additional 1,000 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of Sweetgreen by 156.0% in the fourth quarter. Headlands Technologies LLC now owns 1,216 shares of the company’s stock valued at $39,000 after purchasing an additional 741 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Sweetgreen by 45.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the company’s stock worth $50,000 after purchasing an additional 494 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Sweetgreen in the 4th quarter worth about $53,000. Finally, Denver PWM LLC bought a new position in shares of Sweetgreen during the 4th quarter worth approximately $60,000. 95.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SG has been the topic of a number of recent analyst reports. Citigroup dropped their price target on Sweetgreen from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $45.00 target price on shares of Sweetgreen in a research note on Tuesday, February 25th. Oppenheimer reduced their price target on shares of Sweetgreen from $41.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. TD Securities lowered their price objective on shares of Sweetgreen from $45.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, UBS Group reduced their target price on shares of Sweetgreen from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Sweetgreen has an average rating of “Moderate Buy” and a consensus price target of $35.91.

Insider Activity at Sweetgreen

In other news, COO Rossann Williams sold 4,977 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.80, for a total value of $118,452.60. Following the completion of the transaction, the chief operating officer now directly owns 95,516 shares in the company, valued at approximately $2,273,280.80. This trade represents a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nathaniel Ru sold 2,123 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.80, for a total transaction of $50,527.40. Following the sale, the director now directly owns 1,785,099 shares in the company, valued at $42,485,356.20. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,852 shares of company stock worth $871,417. Corporate insiders own 21.52% of the company’s stock.

Sweetgreen Stock Up 0.7 %

SG opened at $19.26 on Friday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -24.69 and a beta of 2.28. The firm has a 50-day moving average price of $22.51 and a 200-day moving average price of $30.77. Sweetgreen, Inc. has a twelve month low of $16.29 and a twelve month high of $45.12.

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.