Sweetgreen Inc.’s recently made public that its Chief Brand Officer Ru Nathaniel unloaded Company’s shares for reported $8000.0 on Oct 18. In the deal valued at $20.00 per share,400 shares were sold. As a result of this transaction, Ru Nathaniel now holds 0 shares worth roughly $ 0.0.
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Then, Jammet Nicolas sold 400 shares, generating $8,000 in total proceeds. Upon selling the shares at $20.00, the Chief Concept Officer now owns 0 shares.
Before that, Neman Jonathan sold 200 shares. Sweetgreen Inc. shares valued at $4,000 were divested by the Chief Executive Officer at a price of $20.00 per share. As a result of the transaction, Neman Jonathan now holds 0 shares, worth roughly $0.0.
BofA Securities initiated its Sweetgreen Inc. [SG] rating to a Neutral in a research note published on Monday, June 27, 2022; the price target was $15. PT values the company’s stock at a premium of -14.47 to its Monday closing price. A number of analysts have revised their coverage, including Cowen’s analysts, who remained covering the stock and in mid June has reiterated a ‘”an Outperform”‘ rating for it. Citigroup began covering SG with “Neutral” recommendation on April 12, 2022. Oppenheimer maintained its rating on March 04, 2022. It rated SG as “an Outperform”.
Price Performance Review of SG
On Monday, Sweetgreen Inc. [NYSE:SG] saw its stock fall -1.44% to $17.17. On the same session, the stock had its day’s lowest price of $16.70, but rose to a high of $18.20. Over the last five days, the stock has lost -7.69%. Sweetgreen Inc. shares have fallen nearly -46.34% since the year began. SMA at 50 days reached $18.28, while 200 days put it at $21.51. A total of 1.55 million shares were traded, compared to the trading of 1.2 million shares in the previous session.
Levels Of Support And Resistance For SG Stock
The 24-hour chart illustrates a support level at 16.51, which if violated will result in even more drops to 15.86. On the upside, there is a resistance level at 18.01. A further resistance level may holdings at 18.86. The Relative Strength Index (RSI) on the 14-day chart is 41.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.39%. Stochastics %K at 18.09% indicates the stock is a buying.
How much short interest is there in Sweetgreen Inc.?
A steep rise in short interest was recorded in Sweetgreen Inc. stocks on Jul 14, 2022, growing by 3.23 million shares to a total of 11.06 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 7.83 million shares. There was a rise of 29.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 17.38% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.57.
Sweetgreen Inc. [SG] – Who Are The Largest Shareholders?
In filings from Fidelity Management & Research Co, it is revealed that the company now owns 13,645,333 shares, or roughly 14.11% of the outstanding SG shares. In other words, the investor’s shares have risen by 595,379 from its previous 13-F filing of 13049954.0. Additionally, T. Rowe Price Associates, Inc. decreased -0.26% of its stake after which the total value it holdings stand at $249,909,692, while The Vanguard Group, Inc. added 427.31% of its stake to hold $117.59 million in the firm. At present, Franklin Advisers, Inc. is holding 3,249,861 shares valued at $60.12 million. UBS Asset Management Switzerland owned 3,037,365 shares of the company at the time of its most recent 13F filing, worth $56.19 million.
According to FactSet, Sweetgreen Inc.’s share price will average $22.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 23.42 percent from its previous closing price of $17.42. Analysts expect Sweetgreen Inc. stock to reach the higher price of $30.00, while the lowest price estimate is $18.00. However, 9 analysts have rated SG stock as a Buy in their predictions for 2022. The most recent change occurred on December 13, 2021 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating.