Semanteon Capital Management LP Has $102,000 Position in Sweetgreen, Inc. $SG

Semanteon Capital Management LP lowered its stake in Sweetgreen, Inc. (NYSE:SG) by 78.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,027 shares of the company’s stock after selling 55,030 shares during the quarter. Sweetgreen accounts for approximately 13.7% of Semanteon Capital Management LP’s portfolio, making the stock its largest position. Semanteon Capital Management LP’s holdings in Sweetgreen were worth $102,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in shares of Sweetgreen by 165.8% in the 3rd quarter. Larson Financial Group LLC now owns 3,766 shares of the company’s stock valued at $30,000 after acquiring an additional 2,349 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Sweetgreen by 124.1% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 6,292 shares of the company’s stock valued at $50,000 after acquiring an additional 3,484 shares in the last quarter. CWM LLC increased its stake in shares of Sweetgreen by 212.2% in the 4th quarter. CWM LLC now owns 7,333 shares of the company’s stock valued at $50,000 after acquiring an additional 4,984 shares in the last quarter. Eastern Bank increased its stake in shares of Sweetgreen by 228.5% in the 4th quarter. Eastern Bank now owns 8,780 shares of the company’s stock valued at $59,000 after acquiring an additional 6,107 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in shares of Sweetgreen by 134.8% in the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 10,800 shares of the company’s stock valued at $73,000 after acquiring an additional 6,200 shares in the last quarter. Institutional investors own 95.75% of the company’s stock.

Sweetgreen Trading Up 1.6%

Shares of SG stock opened at $10.27 on Friday. The firm has a market capitalization of $1.22 billion, a PE ratio of 85.55 and a beta of 2.03. The firm has a fifty day simple moving average of $6.74 and a two-hundred day simple moving average of $6.52. Sweetgreen, Inc. has a 12 month low of $4.49 and a 12 month high of $16.70.

Sweetgreen (NYSE:SG) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.04). The business had revenue of $161.52 million for the quarter, compared to the consensus estimate of $163.95 million. Sweetgreen had a net margin of 2.49% and a negative return on equity of 33.07%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.21) EPS. On average, equities analysts predict that Sweetgreen, Inc. will post -0.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on SG shares. BNP Paribas Exane lifted their price objective on shares of Sweetgreen from $4.50 to $5.00 and gave the company an “underperform” rating in a research note on Friday, May 8th. Oppenheimer lifted their price objective on shares of Sweetgreen from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Citizens Jmp started coverage on shares of Sweetgreen in a research note on Monday, March 30th. They issued a “mkt underperform” rating and a $4.50 price objective for the company. Royal Bank Of Canada lowered their price objective on shares of Sweetgreen from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. upgraded shares of Sweetgreen from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $8.00 to $13.00 in a research note on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Sweetgreen currently has an average rating of “Hold” and a consensus target price of $8.04.

Insiders Place Their Bets

In other news, insider Nicolas Jammet acquired 4,428 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were purchased at an average cost of $5.71 per share, with a total value of $25,283.88. Following the acquisition, the insider directly owned 22,543 shares of the company’s stock, valued at $128,720.53. The trade was a 24.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Goldman Sachs Group Inc acquired 594,553 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were purchased at an average cost of $5.69 per share, for a total transaction of $3,383,006.57. Following the completion of the acquisition, the insider directly owned 11,900,255 shares in the company, valued at approximately $67,712,450.95. The trade was a 5.26% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 19.78% of the company’s stock.

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.