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Insider Nicolas Jammet sold 16,751 shares of Sweetgreen at $40.04, totaling $670,710.04, maintaining a 0.00% position change. Over the last 90 days, insiders sold 466,022 shares valued at $16.67 million, while institutional investors hold 95.75% of the stock. UBS Group raised Sweetgreen's price target to $45.00, indicating a potential 12% upside.
Sweetgreen, Inc. operates approximately 221 restaurants across 18 states and Washington, D.C., focusing on healthy food options. The menu features a basic selection, including popular items like the Harvest Bowl and Kale Caesar, alongside a seasonal menu that changes five times a year, offering dishes such as Crispy Chicken and Elote Bowl. Additionally, the company provides packaged consumer goods, including dressings and sauces, to enhance its diverse offerings.
Sweetgreen Inc. shares fell after the company reported a larger-than-expected loss of 18 cents per share for the third quarter, exceeding analysts' forecasts by four cents. The restaurant chain attributed the loss to rising labor and protein costs, including wage hikes in various markets. Since going public in 2021, Sweetgreen has yet to achieve profitability.
Filmmaker Olivia Wilde has co-founded an investment firm named Proximity Ventures in New York, alongside Neil Sirni. Wilde, known for her roles in "Tron: Legacy" and directing "Booksmart," partnered with Sirni, who previously led investments in notable companies like Sweetgreen and SpaceX while at Roc Nation’s venture division.

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